We’re pleased to introduce the RCI Bank 2 Year Fixed Term Cash ISA, a tax‑free savings option for those who value certainty about exactly what interest they’ll earn tax-free.
What is a Cash ISA?
A Cash ISA (Individual Savings Account) is a way to save money while earning interest that is free from UK income tax. Each tax year, eligible customers can save up to the annual ISA allowance, either in one Cash ISA or across multiple ISAs.
How the RCI Bank 2 Year Fixed Term Cash ISA works
Our 2 Year Fixed Term Cash ISA offers:
- A fixed interest rate of 3.95% AER/Tax-free for a fixed two-year term.1
- Tax-free interest, within your annual ISA allowance
- A clear timeframe for customers who don’t plan to access their savings during the term
By fixing your rate for two years, you know exactly what interest rate will apply for the duration of the term.
Is a 2 Year Fixed Term Cash ISA right for you?
A 2 Year Fixed Term Cash ISA may suit customers who:
- Prefer knowing what rate they’ll earn over a set period
- Are comfortable locking money away for a fixed term
- Want a tax-free savings option
As with all savings products, it’s important to consider your personal circumstances and whether you’re likely to need access to your money during the fixed term.
A note on ISA allowances
You may have seen recent announcements about changes to Cash ISA allowances in the future. These changes are not to take effect until April 2027 and won’t apply to everyone, ISAs remain a valuable savings option for many customers.
Our Head of Savings explains the upcoming changes here and you can find out more by visiting GOV.UK website.
To learn more about the RCI Bank 2 Year Fixed Term Cash ISA, including eligibility and how to apply, visit here.
Available to UK residents aged 18 and over. Apply online only. Pay in from £1,000 to £20,000 into the RCI Bank Fixed Term Cash ISA per tax year. The annual ISA allowance is £20,000 in total, which includes all ISAs you hold. Transfer in ISA savings up to 14 days from the account opening date, with a maximum account balance of £1m. Interest paid monthly or annually. The tax treatment may be subject to change in the future and depends on your individual circumstances. If you choose to close or make a withdrawal from your Fixed Term Cash ISA after the first 14 days from account opening, then you will need to pay an interest charge. Terms and conditions apply.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if the interest rate was paid and compounded once each year.
1.Rates correct at time of publication – (23/02/2026)
