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5 Year Fixed Rate Cash ISA

With £1,000 or more to deposit for a period of one year, you can earn tax free interest by placing your funds in our 5 Year Fixed Rate Cash ISA.

Once you’ve funded the account, you will not be permitted to make any additional deposits during the fixed term.

For access to your account before the end of the fixed rate period, an exit fee of 365 days equivalent tax free interest will be charged.

Please note, if you are applying for either of the following types of accounts these cannot be opened online:

  • If you are transferring an existing ISA to Hodge Bank
  • If you are applying for, or looking to manage a Power of Attorney

For these accounts you can download an application form from our website here, or call our Customer Service team on +447367183247 and we will send it to you.

2.00%

Gross Rate* – interest paid annually and compounded.

1.98%

Gross Rate* – interest paid monthly and paid away.

Apply - Annual interest Apply - Monthly interest
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Protecting your money

Your eligible deposits with Hodge Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme.

5 Year Fixed Rate Cash ISA Summary

Account Name
5 Year Fixed Rate Cash ISA.
What is the interest rate?
2.00% Gross Rate* - interest paid annually and compounded§.
1.98% Gross Rate* – interest paid monthly and paid away§.
Can Hodge Bank change the interest rate?
Not during the term of the product.
What would the estimated balance be after 12 months based on £1,000 deposit?
£1,020.00
Assumes interest is compounded and paid annually.
How do I open and manage my account?
You can open your account online, or by post. You can manage your account by post, telephone or online. The minimum deposit for a Fixed Rate Cash ISA is £1,000.
Can I withdraw money?
You can withdraw your funds before maturity of the ISA however a fee is applicable for early access which is equivalent to 365 days tax free interest.
Additional information
You are not able to make additional contributions to your ISA until maturity.

How to apply

You can choose to receive your interest monthly or annually on your new account. Select from the options below.

Interest paid
Gross*
AER†
Gross* 2.00%
AER† 2.00%
Interest paid Monthly and paid away§
Gross* 1.98%
AER† 2.00%

Applying offline

You can apply for this account by post by downloading the application form below

By Post

Hodge Bank, One Central Square, Cardiff, CF10 1FS.

Already have an existing ISA?

If you have an existing ISA that you want to transfer, this can be done with an ISA Transfer application form.

This must be downloaded, completed and returned to us. Select the product you’re looking to transfer your ISA to from the list, and you’ll then be able to download the ISA Transfer application form. Alternatively download from the button below.

Current ISA Subscription Limits

With effect from 6th April 2019, the ISA subscription limit increased to £20,000 for anyone eligible to invest in an ISA.

The full £20,000 of the new ISA allowance can be saved in a cash ISA or a stocks and shares ISA with one provider.

It can also be split between a cash ISA and a stocks and shares ISA with either the same or another provider.

Please note Hodge Bank does not provide a stocks and shares ISA.

Apply for a new account in under 10 minutes…

If you’re looking to open a new fixed rate savings account, you can apply online in under 10 minutes. Alternatively, you can download an application form or call us on +447367183247.

FAQs

AER stands for Annual Equivalent Rate. It shows the rate of interest a saver will receive over a year, on the assumption that the cash is left in the account for the full year without any withdrawals.
Compound interest is interest paid on the initial principle as well as the accumulated interest on money you have invested. You earn interest on the money you deposit, and on the interest you have already earned

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deducation of income tax at the rate specified by law. The payment can be made annually or monthly.

†AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

§Compounded interest and interest paid away
Compounded interest is interest that rolls up annually and is paid on maturity of the account. Interest paid away means the interest isn’t compounded over the term of the account. It is placed into a designated current account every month

Not the product for you?

Why not browse our range of other accounts to see which may suit you best

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Protecting your money

Your eligible deposits with Hodge Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme.

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Why Hodge

Doing the right thing is what we aim to do in all areas of our business – it guides our decisions.

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Our service to you

We do the right thing for our customers and are committed to providing good service. Banking with us is stress-free and straightforward.