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Bank of Cyprus Fixed Rate ISAs

The Very Latest Cash ISA rates
The current ISA allowance is £20,000. Use our cash ISA tables below to compare a selection of market-leading cash ISAs for instant access, fixed rates and alternative ideas to maximise your tax free return.
Deposit Cash ISAs

FTSE 100 Kick Out Deposit Plan

from Investec

ISA Option
Maximum Potential Return 6.00% per annum
  • Deposit Taker: Investec Bank plc
  • Term: Up to 6 years
  • Opportunity to mature early at year 3, 4 or 5
  • Capital Protected Product*
  • Eligible for the Financial Services Compensation Scheme
  • ISA transfers accepted
  • Short/medium term alternative to fixed rates
  • Minimum single Investment - £3,000
  • This plan is not the same as a bank or building society deposit account and you may not receive your initial deposit in full if your capital is withdrawn early
  • Limited offer - deadlines apply. May close early if oversubscribed

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

Important Information: * The return of your initial deposit depends on the ability of the deposit taker (Investec Bank plc) to repay your money. Structured deposits offer you the potential to earn higher returns than you would with a regular savings account. Your returns are based on the performance of an index or commodity. If the investment does not perform well you may receive no income or capital growth, but you can be confident that your capital will be repaid. You have no access to your deposit during the term of the account, typically 3 to 6 years but your original capital will be repaid in full at the end of the term. In the event that the deposit taker is unable to repay your initial investment and any returns stated you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS) depending on your individual circumstances.

Fixed Rate Cash ISAs

1 Year Fixed Rate Cash ISA

from Ford Money

Interest Rate (AER) 1.45%
  • Term: 1 Year
  • Minimum deposit £500
  • Interest can be paid monthly or annually
  • Transfers in allowed
  • FSCS Protected
  • Must be 16 or over to apply
  • Early withdrawals subject to term breakage charge

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

1 Year Fixed Rate Cash ISA

from Aldermore

Interest Rate (AER) 1.40%
  • Term: 1 Year

Open a 1 Year Fixed Rate Cash ISA with Aldermore Bank to get a great return. 

2 Year Fixed Rate Cash ISA

from Ford Money

Interest Rate (AER) 1.65%
  • Term: 2 Years
  • Minimum deposit £500
  • Interest can be paid monthly or annually.
  • Transfers in allowed
  • FSCS Protected
  • Must be 16 or over to apply
  • Early withdrawals subject to term breakage charge

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

2 Year Fixed Rate Cash ISA

from Aldermore

Interest Rate (AER) 1.65%
  • Term: 2 Year

'Winner' – ISA Provider of the Year for the 5th year running Consumer Moneyfacts Awards 2011-15

3 Year Fixed Rate Cash ISA

from Aldermore

Interest Rate (AER) 1.80%
  • Term: 3 Years

'Winner' – ISA Provider of the Year for the 5th year running Consumer Moneyfacts Awards 2011-15

  • 1.80% gross/AER fixed for 3 years.
  • £1,000 minimum opening balance

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

Review of Bank of Cyprus Fixed Rate ISA 

A Bank of Cyprus UK Cash ISA is a tax efficient way to help you make the most of your savings. With most savings accounts tax is deducted from the interest you earn but you won't pay any tax on the interest you earn from saving in a Cash ISA. They offer a competitive rate of interest which can be viewed on our tables.

History

The Group currently operates through a total of 130 branches/business offices, of which 125 operate in Cyprus, four in the United Kingdom, one in Romania . Bank of Cyprus UK has a branch in North London and business centres in Central London, South London and Birmingham. They’ve built their business in the UK since 1955.

Bank of Cyprus Fixed and Variable ISA

The Bank of Cyprus UK Cash ISA offers a unique combination which functions as a fixed and variable way to save. It combines the security of a fixed rate Cash ISA with the flexibility to make further deposits at the variable rate (up to the Cash ISA annual subscription limit). Variable rate Cash ISA deposits can be made at any time and switched to the fixed rate of interest when the next fixing opportunity arises.

Features:

  • Competitive tax-free interest rates, including loyalty rates for existing customers
  • Your interest rate options are flexible. You can start with a variable rate and switch your funds to a fixed rate at any time. You can only fix the rate once in each tax year, subject to a minimum of £500
  • Top-up your Cash ISA  during the tax year 
  • Fee-free withdrawals from the fixed rate are permitted at the end of the fixed term
  • Fee-free withdrawals from the variable rate balance are subject to 35 days’ notice
  • If you already have cash ISAs with other providers you can transfer them to Bank of Cyprus UK 
  • If you have been a Bank of Cyprus UK customer for six months or more, you will automatically receive their loyalty rates when you deposit or reinvest in an eligible product
  • Interest is calculated daily and paid annually. Variable rate interest is paid at the end of each tax year. Fixed rate interest is paid on the anniversary of the account opening

Most eligible deposits are protected up to £75,000 by the UK Financial Services Compensation Scheme. You are restricted in the total amount you can invest in ISAs.

Why use a Fixed Rate ISA?

Typically, a fixed-rate Isa account will pay more interest. In exchange for a higher rate, banks will ask you to tie up your cash. Generally, the longer you give up access, the higher the return. As it is a guaranteed amount, you know what you will end up with at the end which makes it a lot safer than investing.

ISAs are a good idea whatever your savings goal. With certain types of cash ISAs, you have instant access to your money, which makes it a flexible way to plan your finances.

It’s also important to remember that ISA allowance limits apply to everyone on an individual basis, so if you’re married or in a relationship, you can both hold your own ISA, each with the full allowance.

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Stocks and Shares ISAs

Latest News

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15th February 2018

An ISA is an individual savings account that offers the chance for individuals to earn up to £20,000 tax-free interest.Not only can those who subscribe to an ISA benefit from tax-free interest from savings, but also enjoy the freedom to invest from their ISA and avoid paying tax on their returns.

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