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2 Year Fixed Rate Cash ISA – Issue 1 is a fixed rate account with a low minimum balance.

This is an easy way to save tax-free.

The Society is currently accepting Cash ISA transfers in.  Please contact a member of our Savings Team on 01455 844422 or visit one of our branches to discuss your requirements. If you prefer to contact us via email then we can call you.  Once discussed, we will provide you with an application form for you to complete and we will arrange your transfer to us.


Summary Box

The Information provided is a summary of the key features of the savings account and is not intended to be a substitute for reading the terms and conditions that apply to the account.

What is the Interest Rate?4.85% Gross/4.85 AER (From 21 July 2023)


AER stands for Annual Equivalent Rate.  It illustrates what the interest rate would be if interest was paid and compounded each year.


Interest is calculated daily.

Interest is paid into the account one year from the opening date and on maturity.

See our current interest rates for all savings accounts.

Can esbs change the Interest Rate?No – This is a fixed rate for the term of the account.
What would the estimated balance be after 12 months based on a £1,000 deposit?



The projected balance based on the current interest rate is £1,099.35 at the end of the fixed rate term.

This projection is provided for illustrative purposes only and does not take into account the individual circumstances of the customer.

How do I open and manage my account?




  • The account may only be opened by UK residents (subject to an exception for certain Crown employees, their spouse or registered civil partner).
  • Minimum age 16, sole investors only.
  • Minimum balance £10.
  • Maximum subscription limit is £20,000 from the 6th April 2023 to the 5th April 2024.
  • To apply for a 2 Year Fixed Rate Cash ISA – Issue 1 please read the 2 Year Fixed Rate Cash ISA – Issue 1 leaflet to ensure this account is suitable for you.  Please be certain to read the Terms and Conditions for esbs Retail Savings Accounts.
  • If you wish to open an account you can download and print an application form, apply in person in one of our branches or, should you wish for an application form to be sent in the post for you, call our Savings Team on 01455 844422.  Please remember to provide the correct Identification and funds.
  • You can manage your account at our branches or by post.
Can I withdraw money?
  • Yes – You can close or transfer the ISA before the maturity date but we charge you the equivalent of 180 days’ interest on the account balance.
Additional Information
  • Term 2 years.
  • On maturity, the account balance and the interest will default to an instant
    access Cash ISA unless other instructions are received. The interest rate
    payable will be variable and may be lower than this 2 Year Fixed Rate Cash ISA.
  • Having subscribed to a Cash ISA you cannot subscribe to another Cash ISA
    in the same tax year.
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