Fixed Rate ISA's for ongoing deposits?

A16XJD

Hi all,

Are there any other similar products to the Barclays 1/2 Year Flexible Cash ISAs?

• These have a fixed rate for multiple years
• Yet, they allow you to keep making ongoing deposits at any point during it's lifetime

It seems almost all other products only offer one of these benefits rather than both. However as they've just dropped the rate on new account openings for these, I'm keen to see if there are better alternatives.

All the comparison tables for Fixed-ISAs dont seem to detail if they have this ongoing deposit option, (which is best for my circumstances).

Please let me know if there's anything similar out there i should be looking at.

Thanks!

refluxer

ISAs like the Barclays Flexible Cash ISA are pretty rare I think as most fixed rate products have a funding window, the maximum of which I've seen is 30 days (IIRC). The two-year option for that Barclays Flexible ISA sold out pretty quickly once people realised they could guarantee that rate for (potentially) up to 3 tax years-worth of ISA subscriptions with the benefit of having access to some of the cash without penalty, too.

There are some ISA providers that allow you to make deposits up until that particular product is removed from sale (in other words - until they release a new issue at a new rate) but, as most providers revise their rates on a regular basis, there's no guarantee how long this period would be for and it definitely wouldn't be for anywhere near a full 1-year (or more) term, unfortunately.

Albermarle

A Fixed rate savings account is a kind of gamble. If general rates go down during the period of the fixed rate - you win. If they go up - you lose and the provider wins.
The problem with the type of account you would like, is that it would be too much in favour of the customer.
You get the fixed rate, and if general rates drop you can keep adding it as it will be a good rate of interest.
If general rates increase, you would just stop adding to it as it would be better to put your money somewhere else.

Because of this I am a bit surprised Barclays allow top ups during the fixed term. However I note from their offer that the ISA limit of £20K pa ( or less if you subscribe to any other ISA) limits their liability to some extent, and transfers in of other ISA's do have to complete within 30 days. Also the 3.3 % interest rate is lower than you can get elsewhere, Best rates for 2Y ISA are 4.15%