3 year Fixed Rate ISA

3 year Fixed Rate ISA

Tax free savings - keeping it untouched for the next 3 years

Moneyfacts 4 star rating
  • Earn 3.60% AER/ Gross when annual interest is selected and 3.54% Gross p.a. when interest is paid monthly
  • Minimum balance £1,000 - keep it untouched for the 3 years
  • Interest paid annually
  • Apply from 1st February - 29th February 2012 - first come first served basis
  • Withdrawals are not allowed - however if you need access to your savings
    you can close your Fixed Rate ISA, incurring an interest charge equivalent to: 270 days gross interest

What you need to know

  • Pre start rate - You will earn interest equivalent to our variable cash ISA rate up until the start date of your Fixed Rate ISA – 4th April 2012.
  • Annual interest - is calculated daily and paid into your Fixed Rate ISA on the last business day in March.
  • Monthly interest - Monthly interest is available for the 3 year Fixed Rate ISA. If you choose to have your interest paid monthly you will need to have a RBS current account or certain instant access savings accounts (excluding our ISA or Direct Saver accounts) open prior to applying. Your interest will be paid monthly into this account.
  • Tax year subscriptions - You cannot subscribe to another cash ISA in the same tax year in which you opened the Fixed Rate ISA. A Fixed Rate ISA is a cash ISA.
  • Top ups - are allowed up until 28th March 2012 to ensure you maximise your current tax year's allowance before the start date. No additional deposits are allowed after this date.
  • If the amount of interest charged is more than the interest accrued on the Fixed Rate ISA at the date of closure, this will be deducted from the rest of your account balance. This would mean the amount would be deducted from the capital sum invested. In this situation the closing payment would be less than the amount of money you originally invested in the Fixed Rate ISA account.
  • Gross - this means the interest rate you are paid before the deduction of income tax.
  • Annual Equivalent Rate (AER) - this is a notional rate used for interest bearing accounts, which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.
  • Tax-free interest - means that interest payable is exempt from UK income tax.


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Common definitions

Gross - this means the interest rate you are paid before the deduction of income tax.

Annual Equivalent Rate (AER) - this is a notional rate used for interest bearing accounts, which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.

Tax-free interest - means that interest payable is exempt from UK income tax.