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 over fixed terms of 1, 2, 3 or 5 years,

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 2018/19 is £20,000.

Refer to Interest Rate Sheet for Gross Rates on different interest payment options. Click here to request a call back about this product.

This Information Sheet sets out the key information you need to know about your account. It should be read together with the Fixed Rate Cash ISA Terms and Conditions and forms part of our agreement with you. Please keep it for future reference.

Summary Box - Fixed Rate Cash ISA:

Account Name: Fixed Rate Cash ISA (NISA)

It is a fixed rate as shown in the table below:-

GBP Fixed Rate Cash ISA
1 Year 0.48%
2 Year 0.60%
3 Year 1.00%
5 Year 1.40%

Rates correct as at 18.03.2019

You can choose to have your interest paid monthly (for 2, 3, and 5 year terms), quarterly (for 3, and 5 year terms), annually (for 2, 3, and 5 year terms), or maturity of the deposit. Please refer to Interest Rate Sheet for Gross Rates on different interest payment options.

Interest is calculated daily and credited monthly, quarterly, annually, or at maturity of the deposit depending on your selection. This selection cannot be amended once the selection is confirmed.

Interest will be paid out to an account nominated by you at the time of account opening. This account must be in your name.

Interest is not added to your principal amount at the selected frequency unless you have selected interest payment at maturity.

This account has a fixed rate of interest so the rate will not change during the term.

Below is an example of what the future balance might me after interest has been paid.

GBP Fixed Rate Cash ISA
1 Year £2,000 0.48% £2,009.60
2 Year £2,000 0.60% £2,024.00
3 Year £2,000 1.00% £2,060.00
5 Year £2,000 1.40% £2,140.00

Assumptions taken for above calculations;

  • Calculations based on minimum deposit of £2,000
  • No change in the amount (no deposits, no withdrawal)
  • No change to the interest rate during the fixed term
  • Interest payment on maturity assumed

These projection are provided for illustrative purposes only and does not take into account individual circumstances


You must;

  • be aged 18 or over and resident in the UK for tax purposes
  • only open this account in your sole name
  • hold a valid National Insurance Number

Minimum/Maximum Balance:

  • The minimum balance is £2,000
  • ISAs have an annual limit this tax year of £20,000 for new money, and you can't pay more than this limit into any combination of permitted ISAs within the same tax year
  • You can only add new money into one cash ISA in a tax year
  • You can also transfer your existing ISA to us

How to open the account:

Download the Application form and complete and return it:

  • In Branch
  • Via post (United Bank UK Central Operations, 391-393 Stratford Rd, Birmingham B11 4JZ)

How to manage the account:

  • In Branch
  • Via post
  • UBL Net Banking (account operation limited to viewing only)

Only early withdrawal (and no partial withdrawal) is allowed before the full term expires.

Early withdrawal charges are as follows:

1 Year 90 days gross interest
2 Year 180 days gross interest
3 Year 270 days gross interest
5 Year 365 days gross interest

The Early Withdrawal Charge will be deducted from interest that has accrued on your Account. If interest has already been paid out to your nominated account, then the Early Withdrawal Charge will be deducted from your deposit with us.

The total of the interest paid and deposit you receive back from us will be no less than your deposit at the Fixed Term Deposit start date.

This account can only be held in a sole name.

Transfer-in and Transfer-out is allowed.

There is a 14 day cooling off period for all FTDs. If you decide to cancel within the 14 days we will not deduct Early Withdrawal Charges, but you will not be entitled to interest for the number of day the deposit has been with us. In this case you will not lose your ISA subscription allowance for the tax year and can open a Cash ISA with any other ISA Manager.

Gross rate means we won't deduct tax from the interest we pay on money in your account. It's your responsibility to pay any tax you may owe to HM Revenue & Customs (HMRC).

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will include an AER, it makes it easier for you to compare what return you can expect from your savings over time.

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: Central Operations, 391-393 Stratford Road, Birmingham, B11 4JZ. You can contact our call centre on +44 (0)121 753 6000 for more information. 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

Application Form