Fixed Rate Cash ISA/NISA

Tax-efficient savings

Our Fixed Rate Cash ISA is a tax-efficient savings vehicle with Financial Services Compensation Scheme (FSCS) protection, providing high-growth potential and peace of mind.

ISAs are a tax-efficient way to save, with little or no tax paid on the interest on your savings. So, by investing in our Fixed Rate Cash ISA, and by making the most of your tax-efficient ISA allowance, you can potentially increase income and growth on your investment over time.

United Bank UK only offers Fixed Rate Cash ISAs with highly competitive interest rates. You can utilise your current year’s subscription or transfer an ISA from your existing provider.

The minimum balance requirement is £2,000, and the tax year subscription limit for 2016/17 is £15,240.

We currently offer the following Fixed Rate Cash ISA products which gives you flexibility to choose from:

Fixed Rate Cash ISA AER
1 Year 0.10%
2 Year 0.20%
3 Year 0.30%
5 Year 0.50%

Refer to Interest Rate Sheet for Gross Rates on different interest payment options.

Essential product information:

  • Interest rates are correct as of today but are subject to change
  • If you have selected interest payment option as monthly, quarterly or annually (where applicable), the interest will be paid out to an account nominated by yourself at the time of account opening. This account must be in your name. please note that that interest is not added to your principal amount at the selected frequency unless you have selected interest payment at maturity.
  • Rates are fixed for the term chosen once your application is complete and subscription is received
  • If you choose to withdraw your funds before the full term expires, you’ll face an early withdrawal charge – please refer to the table below:
    Term of Deposit Penalty Charges
    1 Year 90 days gross interest
    2 Year 180 days gross interest
    3 Year 270 days gross interest
    5 Year 365 days gross interest
  • Before you apply, please ensure you read the products brochure, FAQs, Quick Overview and Terms and Conditions to assess whether or not this product is suitable for you.

Applications and downloads

To apply for one of our Fixed Rate Cash ISAs, simply download the Application Form from this page, fill it out, and return it to one of our branches. Alternatively, you can contact our call centre on 0800 218 22 66. If you are transferring an existing ISA from another ISA provider, you will also need to fill in the ISA Transfer-In Form in addition to the Application Form.

Please select the links below for our Product Specific and General Terms and Conditions:

Fixed Rate Cash ISA Terms and Conditions
Personal Banking General Terms and Conditions

Eligibility criteria

In order to be eligible for one of our Fixed Rate Cash ISAs, you must:

  •  Be a UK resident
  •  Be 18 or older
  •  Have proof of identity
  •  Have proof of address
  •  Hold a valid National Insurance Number

Call us on 0800 218 22 66, or email us at ISA@ubluk.com for any queries you might have regarding our Fixed Rate Cash ISA.

Definitions:

To help you in your product selection, you may find the following definitions useful:

  • Gross interest: the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
  • AER (Annual Equivalent Rate): the AER illustrates what the true rate of interest would be if interest was paid and compounded each year. Please note that the actual interest rate, based on the interest payment frequency you chose, will be different than the AER advertised. If interest is paid more frequently to your account, the actual rate applied would be lower.