Your complete guide to fixed-rate cash Nisas

Published by Laura Whitcombe on 03 June 2014.
Last updated on 30 June 2014

Pound coins

The 'nicer ISA' or New Isa arrives on 1 July 2014 and will see the annual allowance rise to £15,000, but savers are facing some confusion.

While all providers insist they're now Nisa ready and are set up to welcome deposits of up to £15,000 across cash and stocks and shares accounts - in any combination a saver chooses – they do not all have consistent fixed- rate policies. The problem relates to fixed-rate accounts already opened for the 2014/15 tax year.

Normally, fixed-rate products close for new business once enough people have opened accounts and then savers are restricted from adding to their deposits.

In this tax year, however, because of the changes announced in the Budget, to give savers a chance to take advantage of the massively increased cash Isa limit, account providers have extended the window through which money can be paid into fixed-rate Isas.

The trouble is they've all set different time frames for topping up. With this in mind, SavingsChampion has compiled a guide to fixed-rate cash Isas available and an outline of the provider's Nisa policies.

Find the best cash Isa or savings account for you

ALDERMORE
Top-ups allowed: No
Time limit for top-ups: N/A
Notes: No additional deposits allowed but will be able to open a new fixed-rate Isa with the provider from 1 July

BANK OF SCOTLAND
Top-ups allowed: Yes
Time limit for top-ups: 180 days from opening
Notes: Can be topped up within 180 days of the account being opened

BARCLAYS
Top-ups allowed: Yes
Time limit for top-ups: 05/04/2015
Notes: If Flexible Cash ISA (3-year fixed rate) opened, it can be topped up with 2014/15 full allowance until the end of the tax year

YORSKHIRE BS/CHELSEA BS/BARNSLEY BS
Top-ups allowed: Yes
Time limit for top-ups: 31/07/2014
Notes: Fixed-rate Isas opened this tax year can be topped up until 31 July 2014

BUCKINGHAMSHIRE BS
Top-ups allowed: Yes
Time limit for top-ups: 31/07/2014
Notes: Fixed-rate Isas opened from April to July can be topped up until 31 July 2014

CAMBRIDGE BS
Top-ups allowed: Yes
Time limit for top-ups: 05/04/2015
Notes: Top-ups allowed from 1 July to the end of the tax year

CHESHIRE BS/DERBYSHIRE BS/DUNFERMLINE BS
Top-ups allowed: Yes
Time limit for top-ups: 31/07/2014
Notes: Able to top up until the end of July or if there is a better one available can open a new one from 1 July

CLYDESDALE/YORKSHIRE BANKS
Top-ups allowed: Yes
Time limit for top-ups: 31/07/2014
Notes: From 1 to 31 July one further deposit will be allowed into a fixed-rate cash Isa opened this tax year

COVENTRY BS
Top-ups allowed: Yes
Time limit for top-ups: TBC
Notes: Deadline will be confirmed to account holders in June 2014

CUMBERLAND BS
Top-ups allowed: Yes
Time limit for top-ups: 31/07/2014
Notes: Accounts opened this tax year can be topped up from 1 July for one month only

FURNESS BS
Top-ups allowed: Yes
Time limit for top-ups: 31/07/2014
Notes: Accounts opened from April to June will be able to be topped up during July 2014 only

HALIFAX
Top-ups allowed: Yes
Time limit for top-ups: 180 days from opening
Notes: Can be topped up within 180 days of the account being opened

IPSWICH BS
Top-ups allowed: Yes
Time limit for top-ups: 05/04/2015
Notes: Top-ups allowed from 1 July to the end of the tax year

KRBS
Top-ups allowed: Yes
Time limit for top-ups: 05/04/2015
Notes: Additional deposits allowed within the tax year with no time limit. Provider also allows multiple Isas in same tax year so can open a new fixed-rate Isa

LEEDS BS
Top-ups allowed: Yes
Time limit for top-ups: 31/07/2014
Notes: Top-ups to accounts opened in the 2014/15 tax year are allowed during July

LLOYDS
Top-ups allowed: Yes
Time limit for top-ups: 05/04/2014
Notes: Top-ups allowed from 1 July to the end of the tax year

M&S BANK
Top-ups allowed: No
Time limit for top-ups: N/A
Notes: Will be allowed to top up but each additional deposit will have its own start and end date

METRO BANK
Top-ups allowed: Yes
Time limit for top-ups: 31/07/2014
Notes: Top-ups allowed from 1 July to 31 July if opened between 6 April and 30 June

MARSDEN BS
Top-ups allowed: Yes
Time limit for top-ups: 05/04/2015
Notes: Top-ups allowed from 1 July to the end of the tax year

NATIONWIDE
Top-ups allowed: Yes
Time limit for top-ups: 31/07/2014
Notes: Able to top up until the end of July or if there is a better one available can open a new one from 1 July

NATWEST/RBS
Top-ups allowed: Yes
Time limit for top-ups: Previously issued fixed-rate Isas (100&101) 18/07/2014, new issues (102&103) 08/08/14
Notes: Previous issue top-up deadline between 18/07/14. New issue Isas launched 7/05/14 top-ups allowed until 08/08/14

NEWCASTLE BS
Top-ups allowed: Yes
Time limit for top-ups: 31/07/2014
Notes: Top-ups until the end of July

NORWICH&PETERBOROUGH
Top-ups allowed: Yes
Time limit for top-ups: 31/07/2014
Notes: Fixed rate Isas opened this tax year can be topped up until 31 July 2014

PRINCIPALITY BS
Top-ups allowed: Yes
Time limit for top-ups: 05/04/2015
Notes: Top-ups allowed until the end of the tax year

SAFFRON BS
Top-ups allowed: Yes
Time limit for top-ups: 05/04/2015
Notes: One-off payment top-up allowed from 1 July until the end of the tax year

SANTANDER
Top-ups allowed: Yes
Time limit for top-ups: 31/08/2014
Notes: Able to top up until 31 August 2014

SKIPTON BS
Top-ups allowed: Yes
Time limit for top-ups: 31/07/2014
Notes: Able to top up until the end of July 2014

TSB
Top-ups allowed: Yes
Time limit for top-ups: 05/04/2015
Notes: Top-ups allowed from 1 July to the end of the tax year

ULSTER BANK
Top-ups allowed: Yes
Time limit for top-ups: 11/07/2014
Notes: Isas opened this tax year can be topped up between 1 and 11 July 2014

WEST BROM BS
Top-ups allowed: Yes
Time limit for top-ups: 30/09/2014
Notes: Isas opened this tax year can be topped up until 30 September 2014

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