What are ISAs
An individual savings account, also known as an ISA, lets you earn up to £20,000 tax-free interest on your savings.
In addition to earning tax-free interest on your savings, you can also utilise an ISA to invest capital and enjoy tax-free returns from your investments.
Fixed rate ISAs
It is possible to earn tax-free interest and have instant access to your savings through cash and instant access ISAs. Unfortunately, cash and instant access ISAs generally offer some of the lower rates of interest on the ISA market.
Fixed rate ISAs can give you the chance to earn higher interest, providing you are willing to tie up your savings for longer period of time.
Ford Money fixed rate ISAs
Ford Money, the car manufacturer turned savings provider, now offers competitive financial service products for your savings. Ford Money have a wide range of savings products including fixed rate ISAs.
Ford Money have a number of fixed rate cash ISAs on offer. You can choose to lock your savings up for 1 year, 18 months or two years. The longer you are prepared to leave your savings in a fixed rate ISA, the higher rate of interest you will receive.
You can open a Ford Money fixed rate ISA from £500, with a maximum deposit of £2,000,000. If you decide that you wish to withdraw your capital, then you can do so within the first 14 days of opening the fixed rate ISA; any withdrawals following the first 14 days will be subject to an early withdrawal charge.
If you want to explore your fixed rate ISA options, then review our table above. Our ISA table above provides some of the best ISAs available on the market, including ISAs from other lenders.