Skip to content Go to accessibility help
We use cookies to keep our websites easy to use and relevant to our users' requirements and to enable us to learn which advertisements bring users to our website. We do NOT use cookies to collect any personal information about you. By continuing to browse our web pages, you agree that we may use cookies for these purposes. Find out more.×

2% tax free pa/aer [1]

Best in Class

Cash ISA Fixed Rate Bond

2% Tax-Free P.A/AER

Lock away your savings and watch them grow tax-free[1]

Our Cash ISA Fixed Rate Bond gives you a fixed interest rate for the duration of the bond, providing you with a guaranteed return at the end of the term. You won't pay any tax on the interest you earn either, so it's a great way to make the most of your savings and plan for the future.

This limited issue ISA won’t be around forever and could be withdrawn at any time. Take advantage of our best in class rate [3] today. With our straightforward online application your account can be open in minutes.

  • Interest fixed at 2% tax-free P.A./AER [1] until 31st July 2020 when bond matures [2]
  • Limited issue
  • Minimum deposit £2k, maximum deposit £20k (ISA limit 2017/2018)
  • Transfer your balances from other providers (previous tax year subscriptions) to our fixed rate
  • Additional deposits possible whilst product on sale up to max limit £20k

If you withdraw your funds before the maturity date this will incur a charge. Once this ISA has been removed from sale, you have 14 days to complete saved applications and a further 14 days to make a subscription. Interest is calculated daily and credited to the account annually and at maturity. UK resident only. Applicants must be 16 to apply. 18 to apply online.

Full T&C’s here (link opens in a new tab). Please see making withdrawals section.

[1] Tax-free means interest payable is exempt from income tax. AER – Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

[2] Unless you tell us otherwise on maturity, the Cash ISA - fixed rate bond will be re invested into a new Cash ISA - fixed rate bond of a term closest in length to your original Cash ISA - fixed rate bond term. We will write to you with details of the available options before maturity.

[3] "Best in class" rate based on a comparison of all UK Cash ISA Fixed Rate Bonds (up to 3 years in term) Moneyfacts 3/8/17.

Important information

Anyone aged 16 years or over is eligible to apply for a Cash ISA, must be resident or ordinarily resident in the United Kingdom and hold a National Insurance number (If you do not know it, you should be able to find your NI number on a payslip, form P45 or P60, a letter from the HM Revenue & Customs, a letter from the DWP, or pension order book). If you do not have a National Insurance number please call us to discuss.

The value of any tax benefits to you depends on your individual circumstances, the law and Her Majesty's Revenue and Customs (HMRC) practice which are subject to change. The proceeds of an ISA are free from UK income tax and capital gains tax, provided all ISA conditions are met.

ISA subscription limits (2017/2018)

The overall ISA limit for 2017/2018 is £20,000 with customers having the option to save all or some of their full allowance in cash, subject to the overall annual maximum amount of £20,000.

Suitable for ISA transfers

If you already have ISAs with Clydesdale Bank or any other provider, you can transfer them to one of our Cash ISAs at account opening. New subscriptions will be subject to the overall annual maximum limit of £20,000.

Making withdrawals

The Cash ISA fixed rate bond is designed for savers who don't need to access their funds before the stated maturity date. If you withdraw your money before that date, you will have to pay an early withdrawal charge based on the number of days to maturity, and the account will be closed. Full details in terms and conditions.

Compare our range of savings products

Make sure that the Cash ISA Fixed Rate Bond – Issue 41 is a good match for you.

Compare all our savings accounts

How to apply

Apply online for a Cash ISA Fixed Rate Bond

Already started an application?

Continue with saved application

Apply in person at any one of our branches

Your nearest branch

Summary box

Account name Cash ISA Fixed Rate Bond Issue 41 – Maturity date 31st July 2020
What is the interest rate?
Balance Gross Rate (%) AER (%)
£2,000 and over 2.00 2.00

Interest is calculated on a daily basis and is credited to the account annually and at maturity, or on account closure.

Can Clydesdale Bank change the interest rate? No. The interest rate is fixed when you open the Cash ISA Fixed Rate Bond.
What would the estimated balance be at maturity based on a £2,000 deposit?
Term Initial deposit at account opening Balance at the end of the term
35 months £2,000 £2,116.66

This is only an example and does not take into account your individual circumstances.

The examples assume that:

  • no further deposits or withdrawals are made;
  • any interest earned stays in the account; and
  • there is no change to interest rates and tiers.
How do I open and manage my account?

The account can be opened in branch.

You must be aged 16 or over to apply in branch and 18 or over to apply online.

Minimum deposit required to open and maintain this account is £2,000. The overall ISA limit for 2017/2018 is £20,000.

Can I withdraw money?

You cannot make part withdrawals from your Cash ISA - Fixed Rate Bond. If you choose to close or transfer your account before Maturity, a charge will be payable. The charge is dependent on the number of days to Maturity; further details can be found in the Terms and Conditions. Please note following the closure of a Cash ISA Fixed Rate Bond account where the funds have not been transferred to another ISA, the funds will no longer be eligible for the tax benefits of an ISA. ISA withdrawals have no effect on annual subscription limits as once you have reached the investment limit in any tax year you cannot make any further subscriptions in that tax year regardless of the number of amount withdrawn from your investment.

Additional Information

Tax free - interest is paid gross.

Gross rate interest is the interest payable without taking account of any tax payable.

AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

How do I open a Cash ISA Fixed Rate Bond?

How do I open a Cash ISA Fixed Rate Bond?

You can open an Cash ISA Fixed Rate Bond online or at your nearest branch.

How do I deposit into my Cash ISA Fixed Rate Bond?

How do I deposit into my Cash ISA Fixed Rate Bond?

  • You can deposit funds into your account at any branch.
  • Payment from your Clydesdale Bank account:
    • If you are registered for internet banking, you can make a payment into your account using the funds transfer option.
    • If you are not registered for internet banking, you can register online then complete your payment using the funds transfer option.
  • Payment from an account with another provider:
    • You can make a payment directly from another bank account as long as you have the sort code and account number of your new Cash ISA Fixed Rate Bond. These will appear on the screen at the end of your application. If you have forgotten them, please give our team a call on 0800 028 3632.

Transfer funds from another ISA account

Apply

First check you are eligible

  • You can make a minimum deposit of £2,000
  • You understand the maturity date of this product is 31/07/2020. Early withdrawals incur a charge based on number of days to maturity
  • You are a UK resident
  • You are at least 18 years old to apply online (16+ in branch)

To complete your application you will need:

  • 10 - 15 minutes to complete application
  • Your customer number if you are an existing customer
  • Your address details for the past 3 years
  • Your National Insurance number

Already started an application?

Login to complete your savings account application. If you’re not sure what your login details are, or you can’t get online for some reason, please give us a call on 0800 028 3632.

Continue with saved Online Personal Fixed Rate Bond application (opens in a new window)

Financial Services Compensation Scheme (FSCS)

Protecting your money

Your eligible deposits with Clydesdale Bank PLC are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.

This limit is applied to the total of any deposits you have with the following: Clydesdale Bank, Yorkshire Bank and B. Any total deposits you hold above the limit between these brands are unlikely to be covered.

Please see FSCS leaflet download (Opens in a new window) for further information or visit www.fscs.org.uk  


Discover our full range of savings accounts