Skipton Building Society has announced the launch of a new market competitive 15‑month fixed ISA, available to both new and existing customers. The ISA offers a fixed rate of 4.41% and will be available to open from 17 April, online, via the Skipton app, in branch or by phone.
Alex Sitaras, Head of Savings & Partnership Products at Skipton Building Society, said: “With ISA allowances set to change, many savers are looking for simple ways to make the most of today’s tax‑free opportunities.” On the account, withdrawals are not permitted during the term and early closures are subject to 90 days interest penalty. The account has a savings limit of £500 minimum up to £1million maximum.
You can deposit up to your ISA allowance (£20,000 for the current tax year), plus transfers in from previous years’ ISA savings.
Alex adds: “At Skipton, fairness means making sure everyone has the support they need to act with confidence – whether through free Money Guidance or regulated financial advice.
“That’s why we’re delighted to strengthen our ISA range with a new 15‑month fixed ISA, combining a highly competitive rate with certainty and flexibility.
“As a mutual, our focus remains on offering fair‑value products that help members protect more of their savings and make every pound of tax‑free interest count.”
If you’re wondering what other accounts there are, there’s plenty of other options for fixed-rate ISAs.
You can get an 18-month fixed rate ISA with Chetwood Bank which offers 4.42% AER paid at £1. On this account, interest is paid yearly and you’ll need £1000 to open the account. The maximum you can invest is £1million. Withdrawals are not allowed but early access is allowed. Earlier access on closure only subject to 135 day loss of interest. You can deposit up to your ISA allowance (£20,000 for the current tax year).
Or, there’s another option with TSB. The bank is offering a fixed rate cash ISA with 4.00% AER. Interest is paid monthly on the account and you’ll need £1 to open the account. The maximum you can invest is £1million. Withdrawals are allowed and early access is also allowed. Earlier access subject to 135 day loss of interest. Again, you can deposit up to your ISA allowance (£20,000 for the current tax year).
Another option is the Barclays Bank 18-Month Premier Flexible Cash ISA – Issue 73. This account features 4.40% AER paid at £1, with interest paid on maturity (compounded annually). You need £1 to open the account and the maximum you can put into the account is £1million. Withdrawals and early access are both allowed. You can deposit up to your ISA allowance (£20,000 for the current tax year). There is an access note for the account. You can have 3 withdrawals for up to 10% of the balance (at the time of withdrawal) permitted during the term, then earlier access on closure on 180 day loss of interest.