iFAST Global Bank launches new fixed rate Cash ISAs with £500 cashback bonus
iFAST Global Bank's new fixed rate Cash ISAs offer up to 4.25% AER and a £500 cashback bonus.
iFAST Global Bank announced the launch of its new Fixed Rate Cash ISA products, offering competitive rates to help UK savers maximise their tax-free returns all year round.
Catering to various savings timelines, the Bank’s new range of Fixed Rate ISAs offers guaranteed returns over one- and two-year terms: 1-Year Fixed Rate ISA has 4.20% AER, and a 2-Year Fixed Rate ISA has 4.25% AER.
Simon Lee, general manager of digital personal banking at iFAST Global Bank said: “Safeguarding savings from tax exposure is a critical anchor for wealth building. We are pleased to introduce our range of competitive Fixed Rate ISA products, helping our customers grow their savings efficiently. This product is structured to support sustainable tax-free savings, ensuring that savers can lock in guaranteed rates.”
To further incentivise savers to consolidate or transition older, lower-yielding ISA provisions into higher-performing environments, iFAST Global Bank is offering a cashback incentive from 13 July 2026 to 15 September 2026. New and existing customers who deposit and/or transfer at least £20,000 into an eligible iFAST Global Bank Fixed Rate ISA can receive a cash payment of up to £500, direct to their account.
The cashback value scales with the total amount deposited or transferred new funds during the promotional period:
- Total qualifying deposits of £20,000 - £49,999.99 will receive £100 cashback
- Total qualifying deposits of £50,000 - £99,999.99 will receive £250 cashback
- Total qualifying deposits of £100,000 or more will receive £500 cashback
To qualify, customers must open a Fixed Rate ISA, add new funds and maintain the Fixed Rate ISA until maturity.
For customers seeking flexible alternatives, the bank also offers a Flexible Cash ISA account with 3.00% AER(tax free), which allows customers to withdraw and redeposit funds at any time without affecting their annual allowance.
For full promotion details, please refer to the Terms and Conditions of the Cashback Program.
This article is produced by SWNS based on content distributed by GlobeNewswire.