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Fixed Rate Cash ISAs

Leave your savings to grow with a guaranteed rate for the fixed term. With no tax to pay on the interest you earn.

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Exclusive offer for members who joined on or before 12 March 2025

Free £50 John Lewis gift card if you pay at least £10,000 by ISA transfer(s) from another provider(s) into a new fixed rate Cash ISA from our range.

18+, UK residents only. Excludes ISAs in our maturity range. Request your ISA transfer by the last paying in date as detailed in the account T&Cs. Request must also be made before the offer is withdrawn, which may be anytime before 9am on 8 May 2025, and without notice. Charges from your existing provider(s) may apply. Gift Card sent within 60 days of the last paying in date. Terms and conditions apply.

Why choose a Fixed Rate Cash ISA?

For fixing your interest rate

Save tax-efficiently, usually with the chance to achieve higher interest rates than our Easy Access ISAs.  

For saving a pot of money

You can pay in a lump sum upfront. With some providers you can’t continue to pay money in throughout the fixed term.

For storing savings for the future

Typically, you can’t make withdrawals for the term of a Fixed Rate Cash ISA.

How do Fixed Rate Cash ISAs work?

What happens at the end of the fixed term?

Our Fixed Rate Cash ISAs transfer into a new 1 year Fixed Rate Cash ISA at the end of the fixed term, unless you tell us otherwise.

What are Fixed Rate Cash ISAs?

A Fixed Rate Cash ISA allows you to achieve a guaranteed rate of interest on your savings for a fixed term. As with all ISAs, there’s no tax to pay on the interest you earn.

Can I withdraw from a Fixed Rate Cash ISA?

You can’t make partial withdrawals from your Fixed Rate Cash ISA for the term of the product. You can withdraw the full balance and close your account early if you need to. But you would have to pay an interest penalty, and so may get back less than you paid in.

Frequently Asked Questions

When your ISA reaches maturity, your fixed term ends, you have a few options:

  • Withdraw your money.

  • Do nothing (we’ll automatically transfer your money to a similar 1 year fixed rate ISA at the end of the fixed term). 

  • Transfer your money into another Skipton Building Society account (in your name).  

  • Choose a new savings product, from our savings range, to transfer your money into.

You can have more than one Fixed Rate Cash ISA from previous tax years. As of 6 April 2024, you can also open multiple Fixed Rate Cash ISAs each tax year. However, you can’t pay in more than your ISA allowance each tax year overall (which for the current tax year is £20,000).

Yes, you have the flexibility to transfer existing ISAs from previous tax years and other providers into a Skipton Fixed Rate Cash ISA through an ISA transfer. Visit our ISA transfer page for more information on how to do this.

You should know there is a limited window of when you can transfer savings into a Fixed Rate Cash ISA. Details of the last paying in date can be found by selecting  a product above.

You can pay in up to your annual ISA allowance. For this tax year, the allowance is £20,000. For more information visit our ISA information page.

The right Fixed Rate Cash ISA for you depends on your needs and goals. 

How long can you commit your money? Different fixed rate cash ISAs have different terms (1 year, 2 years, etc.). Choose a term that suits how long you have to achieve your savings goals and when you’ll need access to the money.

Yes, you can withdraw the full balance of your Fixed Rate Cash ISA and close your account at any point during the term. However, it’s important to note that if you close your account after 14 days from opening, you’ll have to pay an interest penalty. This could mean you get back less than you paid in.

Free advice on your money?

Choosing an ISA can be confusing. But don’t worry, our Savings Specialists are here to help you. With a My Money Review, we can look at your finances and future goals, to advise you ways we could help you make more of your money. Best of all, this service is completely free.

Book your My Money Review
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Other ways to save

If a Fixed Rate Cash ISA is not right for you, we have a range of other types of savings accounts.

You're protected up to £85,000

Your eligible deposits with Skipton Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme.

Learn more about the FSCS

Member ISA Transfer Offer

 

These terms and conditions apply to those eligible members who have held a Skipton mortgage or savings account since 12/03/2025. Our Member ISA Transfer Offer of a £50 John Lewis gift card is for qualifying ISA transfers of at least £10,000 from another ISA provider into a new fixed rate Cash ISA with Skipton. This offer is valid until it is withdrawn, which may be anytime before 9am on 8 May 2025, and without notice, see condition 4.2. 

Where we refer to ‘gift card’ this can also mean ‘e-gift card’. See condition 3.4 for more information.

1 Eligibility

1.1 To qualify for this offer you must:

• Hold a continuous membership with Skipton Building Society (a Savings Share account or Mortgage) starting on or before 12/03/2025 with a minimum balance of £1.

• Be eligible to hold a fixed rate Cash ISA, please see the fixed rate Cash ISA terms and conditions.

• Open a new fixed rate Cash ISA with Skipton Building Society and pay in at least £10,000 into the fixed rate Cash ISA by ISA transfer(s), from another ISA provider(s).

- Your ISA transfer in request must be submitted before the last paying in date for your Skipton fixed rate Cash ISA. The last paying in date is as outlined in the summary box of the account terms and conditions.

- Your ISA transfer of at least £10,000 must be into one fixed rate Cash ISA product from our range. The minimum £10,000 transfer amount cannot be split across multiple Skipton ISAs.

• Transfer in at least £10,000 in total, even if you are transferring more than one ISA from other providers into a Skipton fixed rate Cash ISA.

• Continue to hold the qualifying account with at least £10,000 on the date we make the voucher payment.

1.2 Qualification for the offer is based on the value of the transferred ISA(s) on completion of the transfer in.

1.3 Fixed rate Cash ISAs from our maturity range do not qualify for this offer.

2 Making an ISA Transfer in request

2.1 You must open the fixed rate Cash ISA you wish to transfer funds into before requesting the ISA transfer.

2.2 If you withdraw funds from your existing ISA(s) to pay into your Skipton fixed rate Cash ISA without using the ISA transfer process, your funds will lose their tax-free status and you will not be eligible for the Member ISA Transfer Offer.

2.3 For details on how to request an ISA transfer please see the account terms and conditions.

2.4 Charges from your existing ISA provider(s) may apply.

2.5 We are not responsible for any delay by your existing provider in processing the transfer.

3 Administration and gift card details

3.1 This offer is provided by Skipton Building Society and administered by The Marketing Lounge Partnership (MLP), The Cow Shed, Walnut Tree Farm, Lower Stretton, Cheshire, WA4 4PG.

3.2 If you meet the eligibility criteria (see condition 1.1), you are eligible for one £50 John Lewis gift card.

• You may choose to open multiple Skipton fixed rate Cash ISAs however, gift cards are limited to one per member.

3.3 You will receive your gift card after we have received the funds from your existing ISA provider(s).

• Gift cards will be distributed within 10 business days of 31 May 2025.

3.4 If your fixed rate Cash ISA can be managed online, you will receive your £50 John Lewis e-gift card by email. If your fixed rate Cash ISA cannot be managed online, you will receive your £50 John Lewis gift card by post.

We will use the email address and correspondence address held on our system for the distribution of your gift card or e-gift card.

3.5 Once your e-gift card has been distributed, you will have 60 days to visit the link in your email to reveal your unique e-gift card code.

If you do not reveal your unique e-gift card code within the 60 days, it will expire. If you have not revealed your unique e-gift card code within the 60 days, we may not issue another one.

After you have revealed your unique e-gift card code, you have a further 30 days to view the unique e-gift card code through the link in your email.

3.6 The gift card and any use of it (including validity period and resale instructions or restrictions) is subject to John Lewis’ terms and conditions, which you can find here: www.johnlewis.com/customer-services/shopping-with-us/terms-and-conditions

4 Additional information

4.1 The Member ISA Transfer Offer is not transferable.

4.2 We reserve the right to withdraw, alter, extend, or replace this Member ISA Transfer Offer at any time and without notice.

4.3 If you have requested an ISA transfer to Skipton Building Society after the Member ISA Transfer Offer starts and we subsequently withdraw the Member ISA Transfer Offer before the ISA transfer completes, you will be eligible for the gift card as long as you meet the eligibility in condition 1.1.

4.4 We reserve the right to not provide a gift card where we suspect or are made aware that this offer is being abused.

4.5 Before opening an account to take advantage of this offer, we strongly advise for your own benefit and protection that you read all the applicable terms and conditions. This includes these terms, which apply in addition to our Savings Account Terms and Conditions and account terms and conditions (which are both available on request or via our website). This is because you will be legally bound by them, and we intend to rely on them. If you do not understand any point, please ask for further information.

4.6 In certain circumstances, for example, where we require further evidence of your identity, you may be asked to return additional documentation to support your account opening application. Please allow sufficient time to complete the application process.

5 Your personal data

5.1 Skipton Building Society is the data controller. We are responsible for the information we collect, hold, share, and use about you.

5.2 Prior to receipt of your gift card, we will provide MLP (see condition 3.1) with your name and relevant contact details. We will also securely share with them your customer reference number. This information is required for the administration of the Member ISA Transfer Offer, including the distribution of gift cards.

5.3 For more information on how we use your data: who it is shared with and why, how long it is kept, your rights and how to exercise them, visit our full Data Privacy Notice online, ask in branch or call us on 0345 608 0783 for a copy.

Jargon Explained

AER 

AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. All ISA interest is paid tax-free, which means it’s exempt from income tax. We pay all non ISA savings interest gross, which means no tax is deducted. It’s your responsibility to pay any tax due, based on your individual circumstances. Tax rules may change in future. Please be aware that products can be withdrawn at any time and without notice.