Everything you need to know about IsBank's 2 year fixed term account
The rate is 5.00% (AER | Gross).
AER stands for Annual Equivalent Rate – and illustrates the interest rate if interest was paid and compounded each year.
‘Gross’ is the interest rate without the deduction of income tax.
We’ve already deducted Flagstone's share of interest from these rates.
The interest you receive comes without any deduction for income tax. You are responsible for paying any tax due on interest/profits that exceed your Personal Savings Allowance to HM Revenue & Customs. Tax treatment can change.
IsBank will return both your initial deposit and any interest after 2 years, when your account matures.
No. Once you’ve opened this Fixed Term account, the rate will remain the same for the full 2 years.
Initial deposit: £10,000
Balance after 12 months: £10,500
We’ve made this projection for illustrative purposes only – it doesn’t take into account your individual circumstances. In making this projection, Flagstone has assumed that you’ll deposit £10,000.00 in the account at the time you open it, and that you’ll make no further deposits or withdrawals.
You can open savings accounts with Flagstone in three easy steps.
First, complete your application (you can get started in just a few minutes). Then, fund your Flagstone holding account. This acts like a wallet, which you can use to make deposits and open new savings accounts with any of our partner banks.
Then, it’s simply a case of choosing the account (or accounts) that work best for you. Agree to their T&Cs, and you can open them in a couple of clicks.
IsBank is part of the FSCS deposit protection scheme. Eligible deposits are protected up to a total of £85k (or £170k for joint accounts).
The minimum deposit for this account is £10,000. This is also the minimum account balance.
The maximum deposit and account balance is £85,000.
Other rates available in our platform
Instant access
5.07%
(AER)
3 month fixed term
5.22%
(AER)
12 month fixed term
5.20%
(AER)
2 year fixed term
5.00%
(AER)
Why save with Flagstone?
Keep your cash growing, and in easy reach, with IsBank's 2 year Fixed Term account.
Maximise your interest
Access hundreds of accounts from 60+ UK banks, including exclusive rates. This is where cash goes to grow.
Protect what's yours
Split your cash between banks, for FSCS protection up to £85,000 per banking group. Like a suit of armour for your savings.
Escape the paperwork
Open as many accounts in our platform with one application, and manage your savings with one password. Arrivederci admin.
Get started with £10,000
Access IsBank's 2 year Fixed Term account with a minimum deposit of £10,000.
Start saving with Flagstone in three simple steps
We work with more banks than any other cash deposit platform. The choice is yours.
FREQUENTLY ASKED QUESTIONS
Flagstone is the UK's leading cash deposit platform, where you can open multiple savings from multiple banks. All in one place, with a single application.
Flagstone helps over 600,000 clients protect and grow their cash, by making it easy to maximise their interest, protect their cash, and escape the paperwork.
Flagstone partners with 60+ banks, and brings hundreds of savings accounts onto one platform. That way, you can open and manage your accounts - whether they're Instant Access, Notice, or Fixed Term - all in one place.
We partner with more banks than any other cash deposit platform. That means we can offer exclusive rates you won't find anywhere else.
You can open savings accounts with Flagstone in three easy steps.
First, complete your application (you can get started in just a few minutes). Then, fund your Flagstone holding account. This acts like a wallet, which you can use to make deposits and open new savings accounts with any of our partner banks.
Then, it’s simply a case of choosing the account (or accounts) that work best for you. Agree to their T&Cs, and you can open them in a couple of clicks.
Yes. All the banks on our platform are eligible for FSCS protection – including HSBC, who provide the Flagstone holding account.
So, if any of our partners were to go into administration (or Flagstone itself), all eligible deposits would be safe and protected.
As a reminder, FSCS protection extends to £85,000 per individual (£170,000 for joint accounts), per banking group. You can learn more about eligibility and protection from the FSCS.
You'll need £10,000 to open a Flagstone account.
That said, the savings accounts available on our platform often have different minimum deposit sizes – this is up to our bank partners.
For each savings account you open through Flagstone, we receive a small share of the interest. We deduct that share before we feature any savings account on our platform – so the rate you see will always be the rate you receive.
We don't charge any annual management or administration fees.
As well as the minimum £10,000 deposit, you’ll also need to share some information about you. This includes:
• Basic personal details, like address history and employment status
• Tax status, including National Insurance number or Tax Identification Number
• Details on the source of your funds
• Your mainland UK bank account details (we call this your ‘nominated account’)*
To keep our platform secure, we may also need proof of ID, proof of address, or proof of source of funds after you’ve submitted your initial application.
*We can only accept funds from your nominated account. This is also where we’ll return any funds you withdraw from your Flagstone holding account.
We're able to open most accounts within minutes.
In some cases, we may need to ask for more information to complete our mandatory security checks, such as proof of ID. Once we have everything we need, we aim to open your account within two working days.