1. Home
  2. Our products
  3. Savings
  4. Fixed Rate Cash ISA fixed until 30 November 2018

About this ISA

This account has been designed for people who are happy to put away their savings until 30 November 2018, without making any withdrawals.

In exchange you’ll get a fixed rate throughout the savings term.

  • This ISA comes with a fixed annual interest rate of 0.70% tax-free AER .
    • This rate was launched on 07 November 2017.
  • No further deposits are allowed into this account after the product has been withdrawn, so if you are depositing less than your annual ISA limit this will restrict the amount you can hold in a cash ISA in this tax year.
  • Open your new account with any amount between £5,000 and £20,000 if you are using any of your 2017/2018 ISA allowance.
    • If you’re transferring in your previous year’s Cash ISA, you can open an account with just £1.
  • This account reaches maturity on 1 December 2018. On maturity, your money will be moved into an instant access cash ISA that pays a variable interest rate.
  • You can withdraw from this account before the above date, but remember: you’ll be charged the equivalent of 180 days interest on the amount you withdraw.
  • This charge will be taken from interest earned but not yet paid. If you withdraw from, or close, your account before enough interest to cover this charge has been earned, the balance will be taken from the funds in your account.
  • Available only as a sole account.
  • Comes with a passbook. What's a passbook?
  • This is a limited issue product and may be withdrawn without notice at any time.

Summary Box for Britannia Fixed Rate Cash ISA fixed until 30 November 2018

  • The information provided below is a summary of the key features of our Britannia Fixed Rate Cash ISA fixed until 30 November 2018 and is not intended to be a substitute for reading its terms and conditions.

Account name

Britannia Fixed Rate Cash ISA fixed until 30 November 2018


What is the interest rate?

Interest paid annually
0.70% Tax free 0.70% AER
  • Interest is calculated daily and will be paid into your account after close of business on 30 November each year

Can Britannia change the interest rate?

No, the interest rate on your account is fixed and will not change until 1 December 2018.


What would the estimated balance be at the end of the fixed term, based on a £5,000 deposit?

Initial deposit at account opening Balance on 1 December 2018 Interest earned
£5,000.00 £5,035.00 £35.00

We have worked this out assuming:

  • You made a £5,000 deposit on an account opening date of 1 December 2017.
  • You haven't made any additional deposits or withdrawals.
  • We added interest to your account at the close of business on 30 November 2018.

How do I open and manage my account?

Can I apply for this account?

To apply, you must be a UK resident (for tax purposes) aged 16 or over.

  • This account can only be opened as a sole account.

How do I apply for this account?

You can apply for this account:

  • Online.
  • Over the phone.
  • In branch.

Is there a minimum and a maximum balance?

  • Open your new account with any amount between £5,000 and £20,000 if you are using any of your 2017/2018 ISA allowance.
  • If transferring in ISAs from previous tax years either with us or with another provider - minimum balance is £1.
  • The maximum ISA subscription for the 2017/2018 tax year is £20,000.
  • The maximum total balance you can hold in this account is £1,000,000.

How do I make deposits into this account?

You can pay your initial deposits into this account with cash, cheque or by transfer from another account held with us.

We can withdraw this product without notice at any time. No further deposits are allowed into this account after the product has been withdrawn, so if you are using any of your 2017/2018 ISA allowance but you deposit less than your annual ISA limit this will restrict the amount you can hold in a cash ISA in this tax year. This is because you can only pay into one cash ISA in each tax year, and you won't be able to pay any more into this cash ISA. However, you will still be able to invest in another type of ISA (e.g. a stocks and shares ISA) with another provider, up to the annual ISA limit, if you wish.

You can transfer your cash ISA to us by providing us with a completed ISA transfer authority form.

How do I contact you to discuss this account?

You can contact us by telephone, or at any Co-operative Bank branch, to discuss this account.


Can I withdraw money?

Yes, however, withdrawals or closures before 1 December 2018 will be subject to a charge equivalent to 180 days loss of interest at the fixed rate on the amount withdrawn. The charge will be taken from interest earned but not yet paid; if you do not earn enough interest to cover this charge, the balance will be taken from the funds in your account.

You can make withdrawals through the following ways:

  • Branch - withdraw cash/cheques over the counter.
  • Post - you can request cheque withdrawals. Withdrawal forms for you to complete are available on request.

The account will mature on 1 December 2018 when your money will be transferred into an instant access variable rate cash ISA unless you have provided us with your maturity instructions. We'll send you a letter before your maturity, to remind you of your maturity date and to let you know what options are available to you, when considering what you'd like to do with your money.


Additional information

This is a limited issue product and may be withdrawn without notice at any time.

Interest earned from this account will not count towards any of your available personal savings allowance.

All interest earned from your ISA will be free of both Income and Capital Gains Tax.

You cannot subscribe to a cash ISA with us if you have already contributed to another cash ISA in the same tax year, or if you have already invested the full ISA allowance in another type of ISA in the same tax year.

Any reference to tax is based on our understanding of current tax regulations which may change in the future and depends on your individual financial circumstances.

Tax Free - The contractual rate of interest payable where interest is exempt from income tax.

AER - Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Tax-year - A tax year runs from 6 April to 5 April the following year.

Apply for this Fixed Rate Cash ISA

To apply, you need to be:

  • 16 or over.
  • A UK resident (for tax purposes).

Approval is based on an assessment of your personal circumstances.

Apply now

Transfer in

If you would like to transfer an existing cash ISA account (held with us or another provider), please print and complete the ISA Transfer application pack below. You’ll find the return address provided in the pack.

  • Make sure to name which ISA you are transferring into when filling out the final section of the ‘ISA Transfer Application Form.’ i.e ‘Fixed Rate Cash ISA fixed until 30 November 2018.’
  • Please note, to transfer in you will need to meet the same eligibility criteria, and acknowledge the same recommendations, as new savings customers.

Ready to apply?

Please read our terms and conditions, Britannia Savings Summary of Changes to terms and conditions with effect from 13th January 2018 and other important documents before applying.
  • All the information you’ve read so far (e.g. features, eligibility) can be found in the important documents below. We recommend that you save a copy of these important documents for future reference.

Important documents

Please note: our terms and conditions are changing with effect from the 13th January 2018. Please see the attached Britannia Savings Summary of Changes document which explains what we’re changing and why.

pdf

Product Specific Terms and Conditions & Summary Box (which contains interest rates)

Download PDF (886KB)
pdf

Summary of changes to our Britannia Savings Terms and Conditions with effect from 13th January 2018

Download PDF (114KB)
pdf

Britannia General terms & conditions

Download PDF (979KB)
pdf

ISA Options & information (which forms part of the Keyfacts)

Download PDF (903KB)
pdf

How we use your personal information

Download PDF (242KB)
pdf

Fixed Rate Cash ISA fixed until 30 November 2018 - ISA Transfer application pack

Download PDF (1.47MB)
  • Important
  • Any reference to tax is based on our understanding of current tax regulations which may change in the future and depends on your individual financial circumstances.
  • The Co-operative Bank reserves the right to decline or accept any application and/or deposit.
  • You cannot subscribe to a cash ISA with us if you have already contributed to another cash ISA in the same tax year, or if you have already invested the full ISA allowance in another type of ISA (i.e. stocks & shares ISA) in the same tax year. You can, however, transfer in your cash ISA funds held with us or other providers.

Unanswered questions?

    Help for existing customers

    Get extra information about applications, rates and accessing your savings account.

    Get help and info man with binoculars
    Co-operative Bank

    We’re part of The Co‑operative Bank, and we share the same ethical values too.

    smile, Britannia and The Co‑operative Bank are trading names of The Co‑operative Bank plc, which is a member of the Financial Services Compensation Scheme (FSCS).

    The Co‑operative Bank reserves the right to decline any application.

    References to tax are based on our understanding of current tax regulations - these may change and depend on the customer’s individual financial circumstances.

    You can subscribe to a smile/Co‑operative Bank/Britannia Cash ISA if you have not subscribed to another cash ISA with another provider in the same tax year.