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Cash ISA Fixed Rate Bonds

1.55% tax-free p.a/AER[1] until 28th February 2020

1.71% tax-free p.a/AER[1] until 26th February 2021

1.81% tax-free p.a/AER[1] until 28th February 2022

Lock away your savings and watch them grow tax-free - Jump to footnote [1]

Our Cash ISA Fixed Rate Bonds give you a fixed interest rate for the duration of the bond, providing you with a guaranteed return at the end of the term. You won't pay any tax on the interest you earn either, so it's a great way to make the most of your savings and plan for the future.

These limited issue ISAs won't be around forever and could be withdrawn at any time. Take advantage of our rates today. With our straightforward application your account can be open in minutes.

UK residents only. Applicants must be 16 to apply. 18 to apply online.

Product features

  • Interest rate fixed until bond matures
  • Minimum deposit £10, maximum deposit £20k (ISA limit 2018/2019)
  • Transfer your balances from other providers (previous tax year subscriptions) to one of our fixed rates
  • Additional deposits possible whilst product on sale up to max limit £20k

For on sale bonds, interest is calculated on a daily basis and is paid at maturity (or account closure) for Issue 48 (1.55% bond), and on the last business day of February 2020 and annually thereafter until maturity (or account closure) for Issue 49 (1.71% bond) and Issue 50 (1.81% bond).

Charges apply to early account closures or transfers. Partial withdrawals not permitted.

Full T&C’s here (link opens in a new tab). Please see making withdrawals section.

Important information

Anyone aged 16 years or over is eligible to apply for a Cash ISA, must be resident or ordinarily resident in the United Kingdom and hold a National Insurance number (If you do not know it, you should be able to find your NI number on a payslip, form P45 or P60, a letter from the HM Revenue & Customs, a letter from the DWP, or pension order book). If you do not have a National Insurance number please call us to discuss.

The value of any tax benefits to you depends on your individual circumstances, the law and Her Majesty's Revenue and Customs (HMRC) practice which are subject to change. The proceeds of an ISA are free from UK income tax and capital gains tax, provided all ISA conditions are met.

Unless you tell us otherwise on maturity, the Cash ISA - fixed rate bond will be re invested into a new Cash ISA - fixed rate bond of a term closest in length to your original Cash ISA - fixed rate bond term. We will write to you with details of the available options before maturity.

ISA subscription limits (2018/2019)

The overall ISA limit for 2018/2019 is £20,000 with customers having the option to save all or some of their full allowance in cash, subject to the overall annual maximum amount of £20,000.

Suitable for ISA transfers

If you already have ISAs with Clydesdale Bank or any other provider, you can transfer them to one of our Cash ISAs at account opening.

  • You can transfer any amount of previous tax years’ subscriptions or;
  • If you are transferring subscriptions from tax year 2018/19 they must be transferred in full and will be subject to the overall annual maximum limit of £20,000.

Keeping track of your savings

After the Cash ISA Fixed Rate Bond has been removed from sale and the funding period has ended, if you have chosen to continue receiving paper statements from us then we will issue a statement to show the amount of your investment.

If you have already opted to 'Go Paperless' you can view your account by using the app or logging on to internet banking. If you register online for internet banking you will be able to see the current balance at any time throughout the term of your Cash ISA Fixed Rate Bond.

Making withdrawals

The Cash ISA fixed rate bond is designed for savers who don't need to access their funds before the stated maturity date. If you withdraw your money before thatdate, you will have to pay an early withdrawal charge based on the number of days to maturity, and the account will be closed. Full details in the Withdrawals section of the terms and conditions.

Days to Maturity Early Repayment Charge
1-91 45 days’ interest
92-181 90 days’ interest
182 -273 135 days’ interest
Above 273 180 days’ interest

Summary boxes

Account name Cash ISA Fixed Rate Bond 46 - Maturity date 30th October 2020. This issue is no longer on sale.
What is the interest rate?
Balance Gross Rate (%) AER (%)
£2,000 and over 1.71 1.71

Interest is calculated on a daily basis and is credited to the account annually and at maturity, or on account closure.

Can Clydesdale Bank change the interest rate? No. The interest rate is fixed when you open the Cash ISA Fixed Rate Bond.
What would the estimated balance be at maturity based on a £2,000 deposit?
Term Initial deposit at account opening Balance at the end of the term
23 months £2,000 £2065.55

This is only an example and does not take into account your individual circumstances.

The examples assumes that:

  • no further deposits or withdrawals are made;
  • any interest earned stays in the account; and
  • there is no change to interest rate.
How do I open and manage my account?

The account can be opened in branch, or online at www.cbonline.co.uk.

You must be aged 16 or over. 18+ online.

Minimum deposit required to open and maintain this account is £2,000. The overall ISA limit for 2018/2019 is £20,000

Can I withdraw money?

You cannot make part withdrawals from your Cash ISA - Fixed Rate Bond. If you choose to close or transfer your account before Maturity, a charge will be payable. The charge is dependent on the number of days to Maturity; further details can be found in the Terms and Conditions. Please note following the closure of a Cash ISA Fixed Rate Bond account where the funds have not been transferred to another ISA, the funds will no longer be eligible for the tax benefits of an ISA. ISA withdrawals have no effect on annual subscription limits as once you have reached the investment limit in any tax year you cannot make any further subscriptions in that tax year regardless of the number of amount withdrawn from your investment.

Additional Information

Tax free - interest is paid gross.

Gross rate interest is the interest payable without taking account of any tax payable.

AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

Account name Cash ISA Fixed Rate Bond 47 - Maturity date 29th November 2019. This issue is no longer on sale.
What is the interest rate?
Balance Gross Rate (%) AER (%)
£2,000 and over 1.55 1.55

Interest is calculated on a daily basis and is credited to the account at maturity, or on account closure.

Can Clydesdale Bank change the interest rate? No. The interest rate is fixed when you open the Cash ISA Fixed Rate Bond.
What would the estimated balance be at maturity based on a £2,000 deposit?
Term Initial deposit at account opening Balance at the end of the term
12 months £2,000 £2031.00

This is only an example and does not take into account your individual circumstances.

The examples assumes that:

  • no further deposits or withdrawals are made;
  • any interest earned stays in the account; and
  • there is no change to interest rate.
How do I open and manage my account?

The account can be opened in branch, or online at www.cbonline.co.uk.

You must be aged 16 or over. 18+ online.

Minimum deposit required to open and maintain this account is £2,000. The overall ISA limit for 2018/2019 is £20,000

Can I withdraw money?

You cannot make part withdrawals from your Cash ISA - Fixed Rate Bond. If you choose to close or transfer your account before Maturity, a charge will be payable. The charge is dependent on the number of days to Maturity; further details can be found in the Terms and Conditions. Please note following the closure of a Cash ISA Fixed Rate Bond account where the funds have not been transferred to another ISA, the funds will no longer be eligible for the tax benefits of an ISA. ISA withdrawals have no effect on annual subscription limits as once you have reached the investment limit in any tax year you cannot make any further subscriptions in that tax year regardless of the number of amount withdrawn from your investment.

Additional Information

Tax free - interest is paid gross.

Gross rate interest is the interest payable without taking account of any tax payable.

AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

Account name Cash ISA Fixed Rate Bond Issue 48 – Maturity date 28th February 2020 – Subject to Availability
What is the interest rate?
Balance Gross Rate (%) AER (%)
£10 and over 1.55 1.55

Interest is calculated on a daily basis and is credited to the account annually and at maturity, or on account closure.

Can Clydesdale Bank change the interest rate? No. The interest rate is fixed when you open the Cash ISA Fixed Rate Bond.
What would the estimated balance be at maturity based on a £1,000 deposit?
Term Initial deposit at account opening Balance at the end of the term
13 months £1,000 £1016.79

This is only an example and does not take into account your individual circumstances.

The examples assumes that:

  • no further deposits or withdrawals are made;
  • any interest earned stays in the account; and
  • there is no change to interest rate.
How do I open and manage my account?

The account can be opened in branch, or online at www.cbonline.co.uk.

You must be aged 16 or over. 18+ online.

Minimum deposit required to open and maintain this account is £10. The overall ISA limit for 2018/2019 is £20,000

Can I withdraw money?

You cannot make part withdrawals from your Cash ISA - Fixed Rate Bond. If you choose to close or transfer your account before Maturity, a charge will be payable. The charge is dependent on the number of days to Maturity; further details can be found in the Terms and Conditions. Please note following the closure of a Cash ISA Fixed Rate Bond account where the funds have not been transferred to another ISA, the funds will no longer be eligible for the tax benefits of an ISA. ISA withdrawals have no effect on annual subscription limits as once you have reached the investment limit in any tax year you cannot make any further subscriptions in that tax year regardless of the number of amount withdrawn from your investment.

Additional Information

Tax free - interest is paid gross.

Gross rate interest is the interest payable without taking account of any tax payable.

AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

Account name Cash ISA Fixed Rate Bond Issue 49 – Maturity date 26th February 2021 – Subject to Availability
What is the interest rate?
Balance Gross Rate (%) AER (%)
£10 and over 1.71 1.71

Interest is calculated on a daily basis and is credited to the account annually and at maturity, or on account closure.

Can Clydesdale Bank change the interest rate? No. The interest rate is fixed when you open the Cash ISA Fixed Rate Bond.
What would the estimated balance be at maturity based on a £1,000 deposit?
Term Initial deposit at account opening Balance at the end of the term
25 months £1,000 £1,035.62

This is only an example and does not take into account your individual circumstances.

The examples assumes that:

  • no further deposits or withdrawals are made;
  • any interest earned stays in the account; and
  • there is no change to interest rate.
How do I open and manage my account?

The account can be opened in branch, or online at www.cbonline.co.uk.

You must be aged 16 or over. 18+ online.

Minimum deposit required to open and maintain this account is £10. The overall ISA limit for 2018/2019 is £20,000

Can I withdraw money?

You cannot make part withdrawals from your Cash ISA - Fixed Rate Bond. If you choose to close or transfer your account before Maturity, a charge will be payable. The charge is dependent on the number of days to Maturity; further details can be found in the Terms and Conditions. Please note following the closure of a Cash ISA Fixed Rate Bond account where the funds have not been transferred to another ISA, the funds will no longer be eligible for the tax benefits of an ISA. ISA withdrawals have no effect on annual subscription limits as once you have reached the investment limit in any tax year you cannot make any further subscriptions in that tax year regardless of the number of amount withdrawn from your investment.

Additional Information

Tax free - interest is paid gross.

Gross rate interest is the interest payable without taking account of any tax payable.

AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

Account name Cash ISA Fixed Rate Bond Issue 50 – Maturity date 28th February 2022 – Subject to Availability
What is the interest rate?
Balance Gross Rate (%) AER (%)
£10 and over 1.81 1.81

Interest is calculated on a daily basis and is credited to the account annually and at maturity, or on account closure.

Can Clydesdale Bank change the interest rate? No. The interest rate is fixed when you open the Cash ISA Fixed Rate Bond.
What would the estimated balance be at maturity based on a £1,000 deposit?
Term Initial deposit at account opening Balance at the end of the term
37 months £1,000 £1,055.80

This is only an example and does not take into account your individual circumstances.

The examples assumes that:

  • no further deposits or withdrawals are made;
  • any interest earned stays in the account; and
  • there is no change to interest rate.
How do I open and manage my account?

The account can be opened in branch, or online at www.cbonline.co.uk.

You must be aged 16 or over. 18+ online.

Minimum deposit required to open and maintain this account is £10. The overall ISA limit for 2018/2019 is £20,000

Can I withdraw money?

You cannot make part withdrawals from your Cash ISA - Fixed Rate Bond. If you choose to close or transfer your account before Maturity, a charge will be payable. The charge is dependent on the number of days to Maturity; further details can be found in the Terms and Conditions. Please note following the closure of a Cash ISA Fixed Rate Bond account where the funds have not been transferred to another ISA, the funds will no longer be eligible for the tax benefits of an ISA. ISA withdrawals have no effect on annual subscription limits as once you have reached the investment limit in any tax year you cannot make any further subscriptions in that tax year regardless of the number of amount withdrawn from your investment.

Additional Information

Tax free - interest is paid gross.

Gross rate interest is the interest payable without taking account of any tax payable.

AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

How do I deposit into my Cash ISA Fixed Rate Bond?

How do I deposit into my Cash ISA Fixed Rate Bond?

  • You can deposit funds into your account at any branch.
  • Payment from your Clydesdale Bank account:
    • If you are registered for internet banking, you can make a payment into your account using the funds transfer option.
    • If you are not registered for internet banking, you can register online then complete your payment using the funds transfer option.

    Payment from an account with another provider:

    • You can make a payment directly from another bank account as long as you have the sort code and account number of your new Cash ISA Fixed Rate Bond. If you have forgotten them, please give our team a call on 0800 028 3632 .
    • You can also Transfer funds from another ISA account

Ready to Apply?

1.55% tax-free
p.a/AER[1]
  • Feb 2020
  • 28

Maturity date

  • Minimum deposit £10
  • Charges apply to early account closures or transfers. Partial withdrawals not permitted.
  • Interest is calculated on a daily basis and is paid at maturity, or on account closure.
  • Issue 48

Apply online for Issue 48

Retrieve application for Issue 48

1.71% tax-free
p.a/AER[1]
  • Feb 2021
  • 26

Maturity date

  • Minimum deposit £10
  • Charges apply to early account closures or transfers. Partial withdrawals not permitted
  • Interest is calculated on a daily basis and is paid to the account on the last business day of February 2020 and annually thereafter until maturity, or on account closure.
  • Issue 49

Apply online for Issue 49

Retrieve application for Issue 49

1.81% tax-free
p.a/AER[1]
  • Feb 2022
  • 28

Maturity date

  • Minimum deposit £10
  • Charges apply to early account closures or transfers. Partial withdrawals not permitted
  • Interest is calculated on a daily basis and is paid to the account on the last business day of February 2020 and annually thereafter until maturity, or on account closure.
  • Issue 50

Apply online

Retrieve application

1.55% tax-free
p.a/AER[1] (Issue 47)

Maturity date: 29th November 2019

This issue is no longer on sale. You have until 23rd January 2019 to retrieve saved applications, and until 6th February 2019 to make a subscription.

Retrieve application

1.71% tax-free
p.a/AER[1] (Issue 46)

Maturity date: 30th October 2020

This issue is no longer on sale. You have until 23rd January 2019 to retrieve saved applications, and until 6th February 2019 to make a subscription.

Retrieve application for Issue 46

Once an ISA has been removed from sale, you have 14 days to complete saved applications and a further 14 days to make a subscription.

[1] Tax-free means interest payable is exempt from income tax. AER – Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.