Progressive Building Society 1 Year Fixed Rate ISA Bond Review

A one-year cash ISA from Progressive Building Society. It ranks 29th of 60 one-year cash ISAs we track.

Fixed rate · 1 year

4.50%AER

Protection

FSCS£120,000

Min balance

£1

Max balance

£20,000

Access

No withdrawals without closure

Interest paid

Yearly

Transfers in

Accepted

How It Stacks Up

Ranks 29th of 60

1-year cash ISAs we track

Just above average
This account 4.50%
UK CPI (Aug 2026)
3.10%
Pays 1.40% more
Average 1-year cash ISA
4.43%
Pays 0.07% more
Best 1-year cash ISA
4.97%
Pays 0.47% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

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Pros and cons

  • Pro: New and existing savers
  • Con: Not flexible: money you withdraw can't be replaced without using more allowance

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Estimated returns with Progressive Building Society's Cash ISA

What you could earn with Progressive Building Society's 1 Year Fixed Rate ISA Bond.

Estimated interest

£1,000 saved

£45.00

At 4.5% AER

£5,000 saved

£225

At 4.5% AER

£10,000 saved

£450

At 4.5% AER

£20,000 saved

£900

At 4.5% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Our Expert Opinion on Progressive Building Society 1 Year Fixed Rate ISA Bond

Jonny PeaseCo-Founder, DepositScout

Progressive Building Society's 1 Year Fixed Rate ISA Bond pays 4.50%, which sits near the market average for Cash ISAs but trails the category leader by 0.75%, where the best rate stands at 5.25%. It does beat inflation by 1.40% against August 2026 CPI of 3.1%, so your money grows in real terms. The catch is that no withdrawals are permitted without closing the account entirely. If you want a marginally better rate, Leek Building Society's 1 Year Fixed Rate Cash ISA offers 4.55%, though the maximum here is £20,000.

Compare Cash ISAs

2 alternatives to Progressive Building Society's 1 Year Fixed Rate ISA Bond

Same type of account, closest on rate.

Common questions about the 1 Year Fixed Rate ISA Bond

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