Secure a fixed savings rate for 1 or 2 years

There are a few requirements when opening a Royal Bank Fixed Rate ISA. First, you’ll need to:

• Be 18 years old or over.
• Be a UK resident.
• Agree to hold the Fixed Rate ISA solely in your name.

Keep in mind: You must not have subscribed to another cash ISA with us or have subscribed to more than the overall subscription limit in total to a cash ISA, a Stocks & Shares ISA, an Innovative Finance ISA and or a Lifetime ISA in the same tax year. 

To open Fixed Rate ISAs, we’ll need your email address and mobile number. You can get started:

• On our mobile app
• Online
• By telephone (for existing customers only)
• In branch. Bring along your own digital device, such as a mobile or tablet. Our staff will then help you to open the account yourself.

Up and running? You can manage your Fixed Rate ISA using our app, online or by phone.

Payments can be made using our app, online, in branch or by telephone by setting up your Fixed Rate ISA as a new payee using the account number and sort code. 

We’ll send you a certificate of deposit within 14 days of the account start date.  

Just remember that:

• Your deposit must reach your account by 23 November 2026
• You must deposit at least £1,000 (the ‘minimum deposit’) by this date.
• There is no maximum deposit and no maximum balance; however, there is a limit on the amount you can pay into your Fixed Rate ISA each tax year (“ISA allowance”). This limit is set by the Government and may change from time to time. The ISA allowance is £20,000 for the current tax year.
• If you pay in more than the annual allowance, any excess money will be returned to you.

You won’t be able to make further payments into any other cash ISA with us during the current tax year.

The only exception is a Royal Bank Help to Buy: ISA. You can pay into a Help to Buy: ISA in the same tax year so long as:

• The Help to Buy: ISA is held with us.
• You don’t pay in more than the annual allowance between the Fixed Rate ISA and Help to Buy: ISA.

You can transfer an ISA by visiting our ISA transfer page.

The Early Closure Charge will:

• Be the lower of the interest earned on your account, or 90 days’ interest
• Be deducted from the balance of your Fixed Rate ISA.

The total amount you receive (including interest earned on your balance) will be no less than your deposit at the start date. For example, if you’ve earned 50 days’ interest, you will only pay an Early Closure Charge equivalent to 50 days’ interest. And if you’ve earned 100 days’ interest, you will only face a charge equivalent to 90 days’ interest.

If you transfer your account to another manager before the maturity date, we’ll convert it to a Royal Bank of Scotland Instant Access ISA. An Early Closure Charge will then apply.

If you want to transfer your ISA without facing an Early Closure Charge, the transfer must be dated at least the day after the maturity date, when your money becomes accessible.

When your ISA with a fixed rate reaches its maturity date, we’ll convert it to a Royal Bank of Scotland Instant Access ISA. If the maturity date isn’t a business day, we’ll do this on the next business day. You can then access the money in your Fixed Term ISA on the maturity payment date.

Take a look at Term 5 of the Fixed Rate ISA Terms (PDF 268 KB) for more information.