UK savings rates on offer: 1-year fixed-rate cash ISA
UK savings rates on offer: 1-year fixed-rate cash ISA stood at 4.34% in Jul 2026. It is one of the indicators in the Savings and loan rates table (Value · Monthly), with a complete series running from Jan 2011 to Jul 2026. The complete series with an interactive chart, free to download.
This indicator in the Savings and loan rates table
| Indicator | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Savings rates on offer | |||||||||||
| Fixed-rate cash ISA, 1 year | 4.34 | 4.34 | 4.37 | 4.28 | 3.9 | 3.81 | 3.91 | 3.95 | 4.03 | 4.03 | |
| Instant access rate, including bonus | 2.11 | 2.14 | 2.13 | 2.12 | 2.13 | 2.12 | 2.15 | 2.2 | 2.2 | 2.23 |
Understanding UK savings rates on offer: 1-year fixed-rate cash ISA
Quoted percentage interest yields advertised by financial institutions in the United Kingdom for fixed-rate cash ISAs with a twelve-month maturity are recorded here. It captures tax-advantaged fixed pricing, separating it from variable cash ISAs and standard taxable fixed-term bonds. This metric reflects how deposit-takers price guaranteed tax-free returns for savers committing their funds for a one-year period.
Reading this series requires understanding that fixed tax-free yields reflect market expectations of future monetary policy over the coming year. Seasonality is evident as providers launch competitive fixed ISA products ahead of the tax year-end deadline. Analysts comparing this series with taxable bond rates must remember the distinct tax status of the wrapper, which alters the effective net return for higher-rate taxpayers.
Frequently asked questions
- What maturity and tax status apply to the savings products in this row?
- The products are tax-free cash ISAs with a fixed commitment period of one year.
- How do these fixed cash ISA rates differ from variable cash ISA yields?
- Fixed cash ISAs guarantee a specific return for a set term, whereas variable cash ISA rates can fluctuate at the provider's discretion.
- Why is the tax-free status crucial when comparing this series with taxable bonds?
- Exemption from income tax means the effective net yield on a cash ISA can exceed a higher-paying taxable alternative depending on the saver's tax bracket.