As of February 2024, the average interest rate of one year fixed-rate cash ISA deposits in the United Kingdom (UK) was somewhat higher than that of two-year fixed rate deposits. The interest rate of both types of deposits increased significantly between June 2021 and September 2023.
Average interest rate of fixed-rate cash ISA deposits by monetary financial institutions in the United Kingdom (UK) from January 2015 to February 2024
Characteristic
1 year fixed-rate
2 year fixed-rate
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Bank of England. (March 7, 2024). Average interest rate of fixed-rate cash ISA deposits by monetary financial institutions in the United Kingdom (UK) from January 2015 to February 2024 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1455375/interest-rate-of-fixed-rate-cash-isa-deposits-in-the-uk/
Bank of England. "Average interest rate of fixed-rate cash ISA deposits by monetary financial institutions in the United Kingdom (UK) from January 2015 to February 2024." Chart. March 7, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1455375/interest-rate-of-fixed-rate-cash-isa-deposits-in-the-uk/
Bank of England. (2024). Average interest rate of fixed-rate cash ISA deposits by monetary financial institutions in the United Kingdom (UK) from January 2015 to February 2024. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1455375/interest-rate-of-fixed-rate-cash-isa-deposits-in-the-uk/
Bank of England. "Average Interest Rate of Fixed-rate Cash Isa Deposits by Monetary Financial Institutions in The United Kingdom (Uk) from January 2015 to February 2024." Statista, Statista Inc., 7 Mar 2024, https://www.statista.com/statistics/1455375/interest-rate-of-fixed-rate-cash-isa-deposits-in-the-uk/
Bank of England, Average interest rate of fixed-rate cash ISA deposits by monetary financial institutions in the United Kingdom (UK) from January 2015 to February 2024 Statista, https://www.statista.com/statistics/1455375/interest-rate-of-fixed-rate-cash-isa-deposits-in-the-uk/ (last visited August 24, 2024)
Average interest rate of fixed-rate cash ISA deposits by monetary financial institutions in the United Kingdom (UK) from January 2015 to February 2024 [Graph], Bank of England, March 7, 2024. [Online]. Available: https://www.statista.com/statistics/1455375/interest-rate-of-fixed-rate-cash-isa-deposits-in-the-uk/