A major UK lender is offering new fixed-rate ISAs for customers wanting to take advantage of competitive rates. Yorkshire Building Society has launched an enhanced range of fixed-rate ISAs for savers looking to secure a competitive return ahead of the new tax year.
The new accounts include a one-year Fixed Rate Cash ISA offering 4.20% tax-free/AER, available through Yorkshire Building Society’s website, branches and agencies, by post and for existing customers via the App.
The account, which is available to anyone aged 18 or over, can be opened with a minimum balance of £100, allows transfers in, and pays interest annually.
Yorkshire Building Society has also launched other accounts, including a Fixed Rate ISAs (Online and Branch), with a 4.10% Fixed Rate ISA until May 31, 2028 and 4.10% Fixed Rate ISA until May 31, 2029.
It said that fixed-rate products are made for savers who are comfortable putting their money away for a set period without accessing it, as well as those who want the reassurance of knowing exactly what interest rate they will earn throughout the term.
The lender is also encouraging savers to make the most of their current tax-year ISA allowance, particularly ahead of the upcoming reduction in ISA limits from the 2027/28 tax year.
Customers should review their accounts to ensure they are maximising their existing allowance while it remains at its current level.
Tina Hughes, director of savings at Yorkshire Building Society, said: “We always strive to offer our members competitive rates on their savings, and the run-up to the end of the tax year is an ideal moment for customers to review their options.
“With ISA allowances set to reduce from 2027, we want to help savers make the most of the current limit while they still can. Our refreshed range of fixed-rate ISAs provides long-term security with guaranteed interest rates for the full duration of each account, which is ideal for people who want certainty and don’t need access to their money during the fixed term.
“We’re extremely proud to continue delivering long-term value for our members. Over the last five years, we’ve paid more than £1.5billion in additional interest to our savers, demonstrating our commitment to consistently competitive products.”
