4.32%
1 Year Fixed Rate Cash ISA - Annual
Find out more
Our products
Apply for a Hodge ISA quickly and easily, choose from a one, two, three or five year term and apply online. Remember, the tax treatment of your savings will depend on your personal circumstances and may change in the future.
Cash ISAs explained
Considering a cash ISA? In under two minutes, we'll explain all you need to know, how they work and how they could benefit your savings plans.
About our ISAs
Here are some of the key things you should know before deciding if an ISA will work for you.
What is a cash ISA?
A cash ISA is an individual savings account which works like a standard deposit account, but with one big difference – you won’t pay income tax on the interest you earn. Each tax year, you’ll get an ISA allowance that lets you save a certain amount of money tax free. Keep in mind the tax rules can change, and might depend on your personal circumstances.
How do cash ISAs work?
You get an ISA allowance of £20,000 per year to deposit into your ISA, and the interest paid will be free from income tax as long as you don’t deposit more than the allowance. It’s quick and easy to open a Hodge account online, and once open, you’ll have 14 days to fund your account. You also have 14 days to close the account if you change your mind.
How does a fixed rate work?
A ‘fixed rate’ is a guaranteed interest rate for a set length of time. During that time, you won’t be able to access your money unless you pay an early access fee. A cash ISA is great for those with long term saving goals.
Key features
- Choose a 1, 2, 3, or 5 year term
- Get a guaranteed interest rate when you apply
- Open and manage your account online
- Deposit a minimum of £1,000 and a maximum of £20,000 within 14 days of opening your account
- Earn tax-free interest
The details
- Your interest rate is guaranteed – even if we change our rates, the rate you’re given when you apply is the one you’ll get for the full term
- Earn tax-free interest up to the annual allowance – the annual tax-free ISA allowance is £20,000 for the 2025/26 tax year
- You have 14 days to fund your account – after those 14 days, you won’t be able to add any more money. If you don’t add the minimum amount of £1,000 in time, we’ll close your account
- You can only add money from a nominated account in your name – let us know your nominated bank account at time of opening, then transfer the money directly from that account. The quickest way is via electronic transfer
- There’s a 14 day cancellation period – if you change your mind, you can cancel your Fixed Rate ISA within 14 days of opening it. Your deposit will be transferred back to your nominated account and this might impact your tax wrapper
- If you need to, you can close your ISA early – you’ll be able to access your money early if needed, but you’ll be charged a fee.
- You can’t transfer an existing Cash ISA – you’ll need to open a new account with Hodge, we don’t offer ISA transfers from other providers.
- Reinvest from an existing Hodge Cash ISA -if you have a previous tax year subscription with Hodge, you can reinvest your money in a new Cash ISA and keep your tax free benefit.
Terms and Conditions
-
.pdfDownload
FAQs
Find out more about our Cash ISA savings accounts.
Your nominated bank account is the account you register with us when you open your savings account, and is the one you’ll use to send money into your new Hodge account.
To help keep your money safe and protect against fraud, we’ll only accept deposits from this account, and we’ll always transfer money back to it too – whether that’s interest payments, withdrawals, or maturity. If your nominated bank account changes because you switch banks, let us know as soon as possible.
We’ve made it as simple as possible for you to set up online banking. When you apply for your ISA, you’ll automatically register for an online account at the same time. You’ll then use those details to manage your account in future.
Tax-free savings: Cash ISA accounts help your money grow long term. The interest you’ll earn is free of tax which means you can make the most of your hard-earned cash.
You know how much you’ll earn: With a fixed rate cash ISA, you’ll always know where you stand. You can be confident your savings are growing and know exactly how much interest your money is earning and the total sum you’ll get at the end of the fixed term.
FSCS protection: By choosing our fixed-rate ISA account you’ll have peace of mind that your cash will be protected up to £85,000 by the Financial Services Compensation Scheme. The eligibility criteria can be found here
The ISA subscription limit is £20,000 for anyone eligible to invest. This can be saved in one ISA account, or across different Cash ISAs and Stocks and Shares ISAs, with different providers. You can only have one Cash ISA with Hodge, and we don’t offer other types of ISAs.
If you’re a UK resident aged 18 and over, and have some cash to save, then yes, you can apply for a Hodge personal cash ISA. There is a minimum deposit requirement of £1,000, so this might be the right account if you’re saving for a larger event or one off payment purchase, like a holiday or wedding.
No, you cannot transfer your existing cash ISA into a Hodge account.
The UK’s unexpected expenses, revealed
Wondering how to deal with unexpected expenses? You’re not alone! Find out more about Brits’ emergency spending – and how to get prepared for life’s surprises.
Backing over 80 local pubs across Wales: Hodge supports Brew Propco Ltd with major investment
Read about our commercial investment loan helped Brew Propco Ltd buy a portfolio of 83 long leasehold pubs across South and West Wales.
How to make the most of your savings without locking them away
Save smarter without fixed terms. Explore the benefits of easy access savings accounts and keep your money working while staying in control.
Five hidden costs of getting a mortgage (and how to avoid them)
If you're a first time buyer, some costs can come as quite a shock. Here's our breakdown of 5 hidden mortgage costs you might not expect and what you can do to avoid getting caught out.
Is online banking safe? Ten tips to help keep your money secure
We want you to feel protected from fraud and scams, so we've listed 10 simple tips which can help you stay safe when banking online.
How much is the Personal Savings Allowance in the UK?
Most people can earn some interest on their savings without paying tax – thanks to the Personal Savings Allowance (PSA). Find out how much you can earn tax-free in our blog.
Why an Easy Access savings account could help your savings sizzle this summer
Whatever your plans this summer, topping up savings and not just your tan, could be a easier than you think.
Understanding ‘Money Dysmorphia’ and if you have it
Let's take a deeper look at what Money Dysmorphia is, the potential impact and what to do if you think you have it.
Easy Access vs. ISAs: Making the most of your inheritance
If you have a lump sum of money and you're not sure whether to invest or save, we look at some options to keep your money safe, secure and growing.
Why Fixed Rate Bonds could be perfect for short-term savers
Explore how Fixed Rate Bonds work for short-term savers, what to consider before opening one, how they compare to other types of savings accounts.
The missing link in the property development supply chain
Gareth Davies, Real Estate Finance, shares how we're providing regional developers with more than just the financial tools to succeed in today’s challenging market.
Everything you need to know about bond maturity dates
What does a maturity date really mean for your savings and how do different maturity dates impact returns? Let’s take a look.
Easy Access savings accounts – your flexible way to save
We want your savings journey with us to be as effortless as possible. That’s why our Easy Access savings account has no strings attached.
Should I save money or overpay my mortgage?
Are you thinking about making a mortgage overpayment or wondering if it's a better plan to build up savings? We explore some the pros and cons to help you make a more informed choice.
Why choose an easy access savings account?
Looking for a savings account that gives you flexible access to your cash? An easy access savings account could be what your searching for.
How to change your money mindset
Find out the role your money mindset can play in your finances and life and the steps to making it a healthy one.
What is the cash ISA allowance?
A quick guide to saving money, the tax perks and transfers of cash ISAs.
What is cash stuffing and can it help me save quickly?
It's a modern twist on the old ‘envelope method’, but is it a game changer for savers or a riskier way to manage your money?
5 New Year’s resolutions to help you save in 2025
Find tips on how to create a monthly budget, some simple savings challenges and ways to stick to your financial goals.
Christmas on a budget: how to save money this Christmas
How to create a budget, shop smarter and cut back on unnecessary expenses at Christmas.
Hodge reintroduces its 5-year fixed rate Holiday Let products
We've reinstated our 5 year fixed rate products, added a new 2 year fixed rate product and reduced the rate on its current 2 year fixed rate product by 95 basis points.
Ben McConnachie, Hodge fraud expert, outlines 'the 12 scams of Christmas' and tips to protect yourself over the festive season.
Online fraud: top tips from our experts
Our Risk experts share their top tips for staying safe from online scammers.
Should I invest in a fixed rate bond?
There's lots of saving options out there - so let’s take you through how fixed rate bonds work and if they could be the right option for your money.
This guide covers everything you need to know about stamp duty, its exceptions, and steps to claim back what you may be eligible for.
Starting early when saving for Christmas can take the pressure off the big day. Here's some ways you can be an early saver for Christmas this year and every year.
