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My Fixed Rate ISA  has ended

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What's next for my savings? Open in new window
Your ISA allowance Open in new window
Compare our savings accounts Open in new window
FAQs Open in new window

You must be a UK resident aged 18+. You can only subscribe to one cash ISA with Royal Bank of Scotland in any tax year up to £20,000. Tax free interest means interest payable is exempt from UK income tax. Tax reliefs referred to are those applied under current UK legislation, which may change.

What's next for my savings?

Now that your Fixed Rate ISA has ended, we’ve automatically changed your account to an Instant Access ISA. ​

Your account number and sort code is still the same and your remaining interest has been paid into your new instant access account the day after it matures.​

Here’s what you can do next, depending on your savings goals.

Open a new Royal Bank Fixed Rate ISA

Know the amount of interest you'll get paid by fixing your savings  

  • Fix for one year and earn 4.00% AER/tax free p.a. (fixed)
  • Fix for two years and earn 3.75% AER/tax free p.a. (fixed)
  • Transferring money from your Cash ISA as part of opening a new Fixed Rate ISA won’t count towards this tax-year’s ISA allowance. ​For more information on allowance please refer to Your ISA allowance.
  • You can bring your ISAs together by transferring all or part of any ISA held with another provider to us once your account is opened. 
Open a Fixed Rate ISA Open in new window

Leave your money in your new Instant Access ISA

Instant access to your savings and pay money in as you go

  • For balances up to £24,999 - earn 1.40% AER/tax-free p.a. (variable)
  • For balances over £25,000 - earn 2.70% AER/tax-free p.a. (variable)
  • You can use mobile banking, Digital Banking, direct banking or any branch to pay money into your Instant Access ISA within your ISA allowance. 
  • You can also choose whether you want to pay in lump sums or set up a monthly standing order to help you save more regularly.
Explore Instant Access ISA Open in new window

Move your ISA to another provider

Follow the ISA transfer process to keep your savings tax-free 
 
  • An ISA transfer lets you move your ISA savings to a new provider.
  • Remember, when transferring your ISA, it's really important to go through the ISA transfer process so you don't lose out on any of the tax benefits of your ISA account.
  • You can transfer your ISA to another bank or building society by following their ISA transfer process. You'll need to check with them how their ISA process works, but once you’ve started the transfer they'll get in touch with us so we can work with them to get your ISA savings transferred over.
Open in new window

For Fixed Rate ISA no withdrawals or deposits during the term. Available to new customers until 12 March 2025. Available to existing customers until 17 March 2025. Please note that these issues may be withdrawn early due to limited availability. Interest is calculated daily and paid annually to your ISA on the first business day in April and on the Maturity Payment Date. Early closure fees may apply.

Your ISA allowance

You get a new ISA allowance every tax year, which is set by the UK Government. This ISA allowance for the current tax year is £20,000. You can pay anything up to this amount in a Cash ISA, or split between the different types of ISAs. You’re responsible for not going over the current yearly subscription limit of £20,000 across all ISAs.

Any money you’ve paid into an ISA from previous tax years won’t be included in the current tax year allowance.

See our ISA guide for more information. 

ISA guide Open in new window

Take a look at other saving options

We have a range of other savings accounts available, check out all the options we've got to see if one might be right for you.

Please remember that once you move your money from an ISA to a non-ISA account the money it will no longer have tax free status.

Compare our savings accounts Open in new window

Definitions

Annual Equivalent Rate (AER) shows the interest rate if interest is paid and compounded once each year. AER helps you to compare the rates of interest on different accounts.

Compound interest is interest that is earned on interest that’s already been paid.

Gross means the interest rate you are paid on your savings with no compounding.

p.a. per annum (per year).

Tax-free.  We pay all savings interest without the deduction of tax.  You do not pay any UK tax on interest earned in ISAs. You may have to pay tax on interest earned in non-ISA accounts depending on your Personal Savings Allowance. The tax treatment may be subject to change in the future.

Financial Services Compensation Scheme

Your eligible deposits held by a UK establishment of Royal Bank of Scotland are protected up to a total of £85,000, by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.

Find out more (PDF, 3k KB) about the scheme and how it protects your money.