Cash ISA from Tandem Bank
Protection
FSCS
Up to £120,000
Min balance
£1
Max balance
£20,000
Access
2 Years
Interest paid
Monthly
Transfers in
Accepted
Account is app-only; opened and managed entirely in the Tandem app. A 14-day funding window applies after opening, during which ISA transfers in must be initiated.
Please verify all details with the provider – for more info read our Disclaimer
Want to know how much interest you will receive with Tandem Bank's 2 Year Fixed Rate Cash ISA?
Estimated interest
£1,000 saved
£99.77
At 4.87% AER
£5,000 saved
£499
At 4.87% AER
£10,000 saved
£998
At 4.87% AER
£20,000 saved
£1,995
At 4.87% AER
Estimated over the 24-month term, assuming the rate stays the same and interest stays in the account. Amounts outside this account's minimum or maximum balance are left out.
Tandem Bank's 2 Year Fixed Rate Cash ISA pays 4.87% and is worth a look for anyone wanting to shelter a lump sum from tax for a couple of years, with interest paid monthly which suits those who like to see returns land regularly. The minimum deposit is just £1, so it is accessible, though the maximum is £20,000, which aligns with the annual ISA allowance. The main catch is the early withdrawal penalty of 180 days' interest if you need your money back before the two years are up, so only commit what you can genuinely leave untouched. Close Brothers Savings has a near-identical 2 Year Fixed Rate Cash ISA at 4.88% if you want to squeeze out a touch more.
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