1 Year Fixed Rate ISA 4.25%AER

No. The interest rate is fixed for the fixed term.

This example shows the projected balance at maturity assuming no further deposits are made, and interest is paid into this account at maturity.

This is for illustrative purposes only and doesn’t take into account any individual circumstances.

To open an account you must be aged 18 and over and a UK resident for tax purposes. If you are not a UK resident, you may still be able to open this account if you meet the government’s ISA requirements, as set out in our ISA Declaration. You may only open an account in a sole name and the account must be for your personal use.

Accounts are opened and operated online at www.vidasavings.co.uk and a valid email address and National Insurance Number must be provided. You’ll be able to communicate with us about the account by email, secure message via the Customer Portal, phone, or in writing.

The minimum initial investment for this account is £100. A deposit or transfer request of at least this amount must be made within 21 days of your application request, or the account will be closed. If you’re transferring an ISA from another provider and it takes longer than 21 days, it will still be processed and your ISA will stay open. You can make as many deposits as you like during this 21-day period, subject to your annual ISA allowance and up to the Maximum Account Balance of £85,000 (not including any interest). Our Maximum Customer Balance also applies. Please refer to the Savings T&Cs for more information about the Maximum Customer Balance.

Deposits must be added by electronic transfer from your Nominated Bank Account, which must be in your name. You may also transfer existing ISAs held with other providers into this account, up to the Maximum Account Balance.

Any withdrawals made before the fixed term ends are subject to 90 days’ loss of interest. This means you might get back less than you originally deposited if you withdraw within the first 90 days. Withdrawals can be made to your Nominated Bank Account, transferred to another of your Vida Savings accounts, subject to the terms of that account, or transferred to another ISA provider. To make a withdrawal you’ll need to log in and follow the on-screen instructions. ​

As this is a Flexible ISA, you can withdraw funds from the current tax year or previous tax years without losing your annual ISA allowance.  You can replace the money you’ve withdrawn in this account or another Vida ISA (subject to the terms of that account) without the replacement counting towards your annual ISA subscription limit, providing you replace the funds in the same tax year you withdraw them.​

We’ll contact you before your ISA matures to give you instructions on what to do next.

If you change your mind, you can close this product within 14 days of your initial deposit. Any ISA closed in this way won’t count as an ISA subscription.

You can spread your ISA allowance across multiple ISAs in our range. This is subject to HMRC guidelines, and you must not exceed your annual ISA allowance.

For further details on how your 1 Year Fixed Rate ISA works, please refer to our Savings T&Cs.