Growth.

Your tax-free savings grow faster
with our higher fixed rates.

Fixed Cash ISA

What is a Fixed Cash ISA? It’s an account where your savings are locked away for a set period that you choose, with the safety of a guaranteed interest rate. And because it's an ISA, your savings will remain tax-free.

At a glance:

Term

Min. Opening Balance

Interest Rate AER*

Gross*

Product Type

Withdrawals

Apply

Term

Min. Opening Balance

Interest Rate AER*

Gross*

Product Type

Withdrawals

Apply Online Unavailable Unavailable Unavailable

^{1 Account closure, withdrawals and transfers-out are permitted. However, a term breakage charge* will be applicable it is during your fixed term and outside of your cancellation period. See the Product Terms and Conditions for further information.}

Why Open a Fixed Cash ISA with Ford Money?

Maximise your savings with the tax-free benefits of an ISA
Enjoy a fixed rate of interest for locking a lump sum of money away for a set term
The interest earned on an ISA doesn’t count towards your Personal Savings Allowance
Combine any previously held ISAs into one account
Make unlimited deposits in the first 21 days
Interest can be paid monthly or yearly

Benefit from our Best Rate Guarantee – if our rate increases between the date you apply and the date you first deposit your money, you’ll receive the higher rate
Minimum deposit £500 - maximum balance up to £2,000,000 (subject to the yearly ISA allowance)
14 day cooling off period where you’re free to cancel without charge
It’s easy to transfer your ISA from other providers

Want to find out more?

Watch our video to learn about our Fixed Cash ISA.

All Cash ISAs are tax-free.
But ours are hassle-free too.

Our Cash ISAs help you easily manage your savings for your specific needs.

Read our FAQs under “Tax-free saving” for more information.

More details

Financial Services Compensation Scheme (FSCS Protection)

Your savings are protected under the FSCS. It protects up to £85,000 (or £85,000 each, for joint account holders) of the money in your Ford Money accounts. If you have more than one account with Ford Money or share a joint account, the amount protected by the FSCS will be £85,000 across them all.

For more information, visit the FSCS website

Ford Money is protected by the FSCS banner

Protection - Financial Services Compensation Scheme

Account Name

Fixed Cash ISA 1 Year

What is the interest rate?

4.35% AER* (Tax-Free*) 4.35% Gross* yearly

4.27% Gross* monthly

Interest is calculated daily and can be paid monthly or yearly, depending on when we receive your initial deposit.

Can Ford Money change the interest rate?

No – your rate is fixed for the length of term for which you apply.
You will receive at a minimum the interest rate shown at the time you applied. If we increase our rate before you make your first deposit, you’ll receive the new higher rate.

What would the estimated balance be based on a £1,000 deposit?

£1,043.50 based on £1,000 over 1 year at 4.35%

This example is given for illustrative purposes only and it doesn’t reflect your specific circumstances. It’s based on no extra money being moved in or out of the account and assumes that your interest is being added to the account. The estimated balance is based on the yearly interest rate.

How do I open and manage my account?

Open and manage your account online.
Move money in from your Connected Account or from an existing Ford Money account.
You must open the account with at least £500. Make sure to move this into the account within the first 21 days of opening the account.
Maximum balance up to £2,000,000 (excluding interest). This amount is combined across all the accounts you have with us.
There are no limits on the number of times you can move money into the account (within the first 21 days of opening the account.)
The maximum amount of new money you can put into a Cash ISA per tax year is set by HMRC ISA Guidelines.

Can I move my money out?

Yes, however it will be subject to a term breakage charge. The only exception to this is if you exercise your right to cancel within 14 days from your first deposit showing in your account.
The term breakage charge is taken off the amount we transfer back to you and will be equal to 90 days’ gross interest on the amount you put in the account, at the interest rate your account is earning.
You can close or transfer out to another provider at the end of the term (at maturity) with no penalty.

Additional information

You can split your Cash ISA annual allowance (the maximum amount of money you can put into a Cash ISA per tax year is set by HMRC guidelines) between any of our Cash ISA products.
If you need to transfer out the money you have put into your ISA in the current year, you must transfer the full amount. This is because you can only have one active cash ISA.
Tax treatment is dependent on the personal circumstances of each customer and may be subject to change in the future.

The information provided above is a summary of the key features of the Ford Money Fixed Cash ISA and is not intended to be a substitute for reading the Product Terms and Conditions. Please make sure you have read the Product Terms and Conditions before applying.

Account Name

Fixed Cash ISA 2 Year

What is the interest rate?

4.15% AER* (Tax-Free*) 4.15% Gross* yearly

4.07% Gross* monthly

Interest is calculated daily and can be paid monthly or yearly, depending on when we receive your initial deposit.

Can Ford Money change the interest rate?

No – your rate is fixed for the length of term for which you apply.
You will receive at a minimum the interest rate shown at the time you applied. If we increase our rate before you make your first deposit, you’ll receive the new higher rate.

What would the estimated balance be based on a £1,000 deposit?

£1,084.72 based on £1,000 over 2 years at 4.15%

This example is given for illustrative purposes only and it doesn’t reflect your specific circumstances. It’s based on no extra money being moved in or out of the account and assumes that your interest is being added to the account. The estimated balance is based on the yearly interest rate.

How do I open and manage my account?

Open and manage your account online.
Move money in from your Connected Account or from an existing Ford Money account.
You must open the account with at least £500. Make sure to move this into the account within the first 21 days of opening the account.
Maximum balance up to £2,000,000 (excluding interest). This amount is combined across all the accounts you have with us.
There are no limits on the number of times you can move money into the account (within the first 21 days of opening the account.)
The maximum amount of new money you can put into a Cash ISA per tax year is set by HMRC ISA Guidelines.

Can I move my money out?

Yes, however it will be subject to a term breakage charge. The only exception to this is if you exercise your right to cancel within 14 days from your first deposit showing in your account.
The term breakage charge is taken off the amount we transfer back to you and will be equal to 180 days’ gross interest on the amount you put in the account, at the interest rate your account is earning.
You can close or transfer out to another provider at the end of the term (at maturity) with no penalty.

Additional information

You can split your Cash ISA annual allowance (the maximum amount of money you can put into a Cash ISA per tax year is set by HMRC guidelines) between any of our Cash ISA products.
If you need to transfer out the money you have put into your ISA in the current year, you must transfer the full amount. This is because you can only have one active cash ISA.
Tax treatment is dependent on the personal circumstances of each customer and may be subject to change in the future.

Let’s get into the details:

Peace of Mind

Our Fixed Cash ISA offers the peace of mind of a fixed interest rate in return for locking your money away for a set amount of time, such as 1, 2, or 3 years (known as a term).

Your right to cancel

If you decide this product isn’t for you, you can cancel within the first 14 calendar days from the date your first deposit shows in your account.

If exercise your right to cancel, you can open a another Cash ISA with us or a different savings provider, up to your annual allowance for the tax year.

Interest

From the day we receive your initial deposit, your Fixed Cash ISA will earn interest daily, based on the balance at the end of each day. This is calculated as 1/365^th of the yearly rate.

Transfers from existing Cash ISAs usually take 15 business days to show in your account.

Interest can be paid yearly or monthly and can be paid into:

This Fixed Cash ISA
Any other Ford Money savings account you have (subject to its Terms and Conditions)
Your Connected Bank Account

Transfers

You can ask to transfer current or previous ISA savings into your Ford Money Flexible Cash ISA during the application process. Or, if you already have a Cash ISA with us you can download a transfer form below.

Transfers must be completed within 21 calendar days of the date we receive your application.

A Cash ISA transfer form is available as a downloadable PDF here.

A Stock and Shares ISA transfer form is available as a downloadable PDF here.

End of the Fixed Term – ‘Maturity’

We’ll be in touch around 30 days before your Fixed Cash ISA approaches the end of the fixed term via letter and email. We’ll explain what options you have available and what actions you need to take.

You’ll normally have the option to:

Withdraw your savings,
Re-invest in another Ford Money Fixed Cash ISA,
Re-invest in a different Ford Money product,
Create any combination of the above.

You will have until 48 hours before your Fixed Cash ISA reaches the end of the fixed term to select your preferred option(s). If we don’t hear from you by then we’ll offer you another term of the same or similar length, and this will start automatically at the end of the fixed term.

Of course, we’ll tell you about this and you’ll have a 14 calendar day Right to Cancel.

Early withdrawals

A Fixed Cash ISA is designed to be held for the entire term. If you choose to close the account or transfer out of it before the fixed term is over, it will be subject to a term breakage charge (unless you’re within your 14 day cancellation period).

If the account is closed outside of your cancellation period, you won’t be able to re-open it or put money in another Cash ISA with us (or any other savings provider) in the same tax year.

The term breakage charge is taken off the closing balance we pay you. It will be equal to a fixed number of days’ gross interest on the amount you withdraw, at the rate your account is earning.

To work out your term breakage charge, find the relevant account term below, note the amount of days’ interest that will be charged and multiply this by your current interest rate.

Term Charge Period

1 Year 90 days
2 Years 180 days
3 Years 270 days

If you withdraw from your Cash ISA after the 14 day cooling off period, you may get less back than you originally deposited.

There are only three situations where we don’t apply a term breakage charge for cashing-in early:

after a Fixed Cash ISA account holder dies,
if we make any change to this agreement that is to your disadvantage,
if HMRC does not consider Fixed Cash ISA to be an ISA.

Ford Money Fixed Cash ISA Documentation

To make sure Fixed Cash ISA is the right product for you, read the following documents.

Summary Box - 1 Year

This details all the product features for the Fixed Cash ISA 1 Year.

Summary Box
(PDF)

Summary Box - 2 Year

This details all the product features for the Fixed Cash ISA 2 Year.

Summary Box
(PDF)

Product Terms & Conditions

This explains how the product operates, and its legalities - without complex legal language.

Product
Terms & Conditions (PDF)

Customer Agreement

This outlines the terms of our relationship and what you can expect from Ford Money as a business.

Customer
Agreement (PDF)

Apply for Fixed Cash ISA

Our online application process is easy - apply today.

Apply Now

*Definitions

Gross Rate

_{Gross interest is the annual rate of interest you'll earn from a savings account before tax is taken off.}

AER

_{AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest were paid and added to your account each year.}

Tax-Free

_{Tax-free means you are exempt from UK Income Tax.

Tax treatment is dependent on the personal circumstances of each customer and may be subject to change in the future.}

Term Breakage Charge

_{This is a charge or loss of interest applied if you make a withdrawal from a Fixed ISA product.}

Growth.

Your tax-free savings grow faster
with our higher fixed rates.