18 Month Fixed Rate ISA
Benefits
- Earn 2.90% tax free/2.87% AER return yearly.
- Deposit from £1 up to £5,340 in this tax year.
- You may transfer some or all of your previous years subscriptions or all of your current tax year subscription into the Fixed Rate Cash ISA, providing the issue remains open.
- Earn a set rate of interest so you know exactly how much your investment will earn.
18 Month Fixed Rate Cash ISA
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Things you need to know
- Rate effective from 29 July 2011.
- The term of the account will run from the date of the first deposit. Interest is calculated daily and paid yearly on the anniversary of the first deposit and again at maturity.
- You can add further savings to your account up until this issue of the account closes. Once the issue is closed, you'll be unable to add to your account in either this or future tax years.
- Remember, tax treatment depends on your individual circumstances and may change.
- Your account is operated by post.
- You can close an AA 18 Month Fixed Rate Cash ISA within 14 days of your application being completed. If you do so within 14 days you can still open another cash ISA within the same tax year.
- Withdrawals are allowed, by post, subject to a charge. The charge will depend on the remaining term of the account and is the equivalent of a number of days tax-free interest on the amount withdrawn; this can be between 90 and 180 days. Please refer to the specific account conditions. The charge will be taken from the account balance, and depending on when the withdrawal is made, may result in your getting back less that you originally deposited.
- Interest payments to non AA accounts will reach that other account by the end of the next bank working day, if the other account accepts faster payments.
- If you open a cash ISA and subsequently transfer it to a stocks and shares ISA, you can still save any remaining allowance in a cash ISA during the current tax year as long as you do not exceed the total investment limit allowed.
- Transfers to the 18 Month Fixed Rate Cash ISA The transfer process should take 15 bank working days from receipt of your transfer form. If the transfer is going to take longer we will pay you interest at your new rate from the 16th bank working day, as long as your previous ISA was ready to be transferred (ie not subject to a notice period or fixed term) when your existing provider received our request.
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Call 0845 603 2619 for more information
Lines are open Monday to Saturday 8am to 8pm, excluding public holidays.
Useful information
Our summary of accounts lets you compare and choose which of our accounts is most suited for you and your circumstances.
Download a brochure (including Key Features)
Fixed Rate ISA Account brochure. To view the pdf file you'll need Adobe Acrobat.
AER stands for Annual Equivalent Rate. It illustrates what the interest rate would be if interest rates were paid and compounded once each year.
Tax free is the contractual rate of interest payable where interest is exempt from income tax.
The deposit taker for AA Fixed Rate ISAs is Birmingham Midshires, a division of Bank of Scotland plc, which is authorised for accepting deposits by the Financial Services Authority. It is entered in the FSA's Register and its Register Number is 169628. Registered office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland No. SC327000.
Calls may be monitored and recorded for security and training purposes. Lines are open Monday to Saturday 8am to 8pm. Call charges may apply
You can check current and previous Bank of England interest rates.