Fixed Rate Cash ISA
Tax-free interest on your savings
The Bank of Cyprus UK Fixed Rate Cash ISA helps you make the most of your savings. You get a guaranteed rate of interest, and it’s tax-free*.
With most savings accounts, tax is deducted from the interest you earn. But with a cash ISA, you can invest up to £5,340 for the 2011/2012 tax year and you won’t pay any tax on the interest.
Features and benefits
- Competitive tax-free fixed interest rates
- Fixed terms of 1, 2 and 3 years available
- Minimum opening deposit is only £1
- Top up your ISA during the tax year (subject to a minimum of £250 per deposit)
- Transfer in previous tax years’ ISAs to maximise your savings
- Interest paid and compounded annually
- Apply online, by phone or post
- No early withdrawals permitted
Take a look at our rates
Our current interest rates are shown below and are guaranteed for the term of the Fixed Rate Cash ISA.
| Take a look at our rates |
| Fixed Term |
Guaranteed interest rate |
Minimum deposit |
Interest paid |
| 3 year |
3.30% AER / Gross** |
£1 |
Annually |
| 2 year |
3.20% AER / Gross** |
£1 |
Annually |
| 1 year |
3.00% AER / Gross** |
£1 |
Annually |
These rates are guaranteed for the duration of the fixed term of your ISA for deposits being made now. If we change our rates at a later date, the new rates will apply to any additional deposits or transfers-in you make at that time.
These great rates are available for the 2011/12 tax year. If you have already subscribed to another cash ISA this year with another ISA provider, you can transfer your existing cash ISAs to Bank of Cyprus UK to benefit from these rates.
Loyalty rates for existing customers
As one of our existing customers, you can earn an even better rate on our Fixed Rate Cash ISA. Click here to find out more.
Please read the Fixed Rate Cash ISA Key Features and conditions before you apply.
Apply by post, by phone or in person
Important information:
You are restricted in the total amount you can invest in ISAs. So opening a cash ISA will limit the amount that you can invest in a stocks and shares ISA.
You cannot make partial withdrawals from the Fixed Rate Cash ISA during the term. Early closure or transfer is permitted before the end of term. However, it will mean the loss of 180 days’ interest on the amount withdrawn. Annual ISA subscription limits apply. So regardless of withdrawals you can only pay in up to £5,340 for the 2011/2012 tax year.
*Tax-free means exempt from income and capital gains tax. The tax treatment depends on your individual circumstances and may be subject to change in the future.
**AER: AER stands for Annual Equivalent Rate; it illustrates what the interest rate would be if interest were paid and compounded once each year and allows you to easily compare different offers.
Gross: This is the contractual rate of interest payable before the deduction of income tax.