Best 2 year fixed rate bonds

Discover all you need to know about 2 year fixed rate bonds and compare accounts with interest rates up to 4.59% AER.

FSCS logo
Is my money safe?

The Financial Services Compensation Scheme (FSCS) guarantees that it will step in to compensate the first £85,000 (£170,000 for a joint account) you have saved with a UK-authorised bank, building society or credit union in the event that the business goes bust.

Compare 2 year fixed rate bonds

Table: sorted by interest rate, promoted deals first
{"visibility":"visibilityTable","ctaLabel":"Calculate","tableCode":"fixedratecalculator","nicheCode":"UKFSA-SAV","fields":[{"name":"INITIAL_DEPOSIT","value":"5000","options":"","label":"Initial deposit","suffix":"\u00a3","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""},{"name":"INTEREST_PAID","value":"Compounded","options":"{\"Compounded\":\"Leave to compound\",\"Paidaway\":\"Pay to a separate account\"}","label":"Interest","suffix":"","useSuffixAsPrefix":false,"useDropDownOption":true,"tooltip":""}]}
Product UKFSA-SAV
Rate
Invest
Deposit protection
Open via
Incentive
Apply link
Return
4.36% AER fixed for 2 years
£2,000 - £85,000
FSCS logo
protected
Open via: website, mobile app.
Get £100 cashback when you register with our code until 14/03/25, and fund your first savings account with £10,000 until 28/03/25. T&Cs apply.
Go to site
View details
£5,445.50
at maturity
Vida Savings – 2 Year Fixed Rate Bond
Vida Savings logo
4.59% AER fixed for 2 years
£100 - £85,000
FSCS logo
protected
Open via: website.
View details
£5,469.53
at maturity
Vida Savings – 2 Year Fixed Rate Bond
Vida Savings logo
4.59% AER fixed for 2 years
£100 - £85,000
FSCS logo
protected
Open via: website.
View details
£5,469.53
at maturity
Oxbury Bank – Personal 2 Year Bond Account (Issue 25)
Oxbury Bank logo
4.53% AER fixed for 2 years
£1,000 - £500,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,463.26
at maturity
Birmingham Bank – 2 Year Fixed Rate Bond - Issue 10
Birmingham Bank logo
4.53% AER fixed for 2 years
£5,000 - £250,000
FSCS logo
protected
Open via: website.
View details
£5,463.26
at maturity
Close Brothers Savings – 2 Year Fixed Rate Bond
Close Brothers Savings logo
4.52% AER fixed for 2 years
£10,000 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
N/A
JN Bank – Fixed Term Savings Account
JN Bank logo
4.51% AER fixed for 2 years
£100 - £500,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,461.17
at maturity
Chetwood Bank – Fixed Rate Savings Account
Chetwood Bank logo
4.51% AER fixed for 2 years
From £1,000
FSCS logo
protected
Open via: website.
View details
£5,461.17
at maturity
SmartSave – 2 Year Fixed Rate Saver
SmartSave logo
4.51% AER fixed for 2 years
£10,000 - £85,000
FSCS logo
protected
Open via: website.
Go to site
View details
N/A
RCI Bank UK – 2 Year Fixed Term Savings Account
RCI Bank UK logo
4.5% AER fixed for 2 years
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,460.12
at maturity
RCI Bank UK – 2 Year Fixed Term Savings Account
RCI Bank UK logo
4.5% AER fixed for 2 years
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,460.12
at maturity
Zenith Bank (UK) Ltd – 2 Year Fixed Term Deposit
Zenith Bank (UK) Ltd logo
4.5% AER fixed for 2 years
£1,000 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
N/A
United Trust Bank – UTB 2 Year Bond
United Trust Bank logo
4.45% AER fixed for 2 years
£5,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,454.90
at maturity
GB Bank – 2 Year Fixed Rate Bond
GB Bank logo
4.4% AER fixed for 2 years
£1,000 - £100,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,449.68
at maturity
Hodge Bank – 2 Year Fixed Rate Bond
Hodge Bank logo
4.4% AER fixed for 2 years
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,449.68
at maturity
Zopa – 2 Year Fixed Term Savings
Zopa logo
4.4% AER fixed for 2 years
£1,000 - £250,000
FSCS logo
protected
Open via: website, mobile app.
Go to site
View details
£5,449.68
at maturity
Hodge Bank – 2 Year Fixed Rate Bond
Hodge Bank logo
4.4% AER fixed for 2 years
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,449.68
at maturity
GB Bank – 2 Year Fixed Rate Bond
GB Bank logo
4.4% AER fixed for 2 years
£1,000 - £100,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,449.68
at maturity
Hampshire Trust Bank – 2 Year Online Fixed Saver (Issue 94)
Hampshire Trust Bank logo
4.36% AER fixed for 2 years
£1 - £250,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,445.50
at maturity
UBL UK – 2 Year Fixed Term Deposit
UBL UK logo
4.36% AER fixed for 2 years
£2,000 - £1,000,000
FSCS logo
protected
Open via: branch, website, mobile app, post.
Go to site
View details
N/A
UBL UK – 2 Year Fixed Term Deposit
UBL UK logo
4.36% AER fixed for 2 years
£2,000 - £1,000,000
FSCS logo
protected
Open via: branch, website, mobile app, post.
Go to site
View details
N/A
UBL UK – 2 Year Fixed Term Deposit
UBL UK logo
4.36% AER fixed for 2 years
£2,000 - £1,000,000
FSCS logo
protected
Open via: branch, website, mobile app, post.
Go to site
View details
£5,445.50
at maturity
Investec Bank plc – 2-Year Fixed Rate Saver
Investec Bank plc logo
4.35% AER fixed for 2 years
£5,000 - £250,000
FSCS logo
protected
Open via: website.
Go to site
View details
N/A
Bank of London and The Middle East – 2 Years Premier Deposit Account
Bank of London and The Middle East logo
4.35% AER fixed for 2 years
£1,000 - £1,000,000
FSCS logo
protected
Open via: website. Additional account needed
Go to site
View details
N/A
Castle Trust Bank – Fixed Rate e-Saver
Castle Trust Bank logo
4.3% AER fixed for 2 years
£1,000 - £500,000
FSCS logo
protected
Open via: website, mobile app.
Green - Castle Trust Bank will plant a tree when an e-Cash ISA or e-Saver account is opened and funded within the 14 day funding window.
Go to site
View details
£5,439.24
at maturity
Kent Reliance – 2 Year Exclusive Fixed Rate Bond - Issue 9
Kent Reliance logo
4.26% AER fixed for 2 years
£1,000 - £1,000,000
FSCS logo
protected
Open via: branch, website. Existing customers only
Go to site
View details
£5,435.07
at maturity
Kent Reliance – 2 Year Exclusive Fixed Rate Bond - Issue 9
Kent Reliance logo
4.26% AER fixed for 2 years
£1,000 - £1,000,000
FSCS logo
protected
Open via: branch, website. Existing customers only
Go to site
View details
£5,435.07
at maturity
Leek Building Society – 2 Year Existing Customer Fixed Rate Bond
Leek United Building Society logo
4.25% AER fixed for 2 years
£1,000 - £250,000
FSCS logo
protected
Open via: branch, website, post. Existing members only
Go to site
View details
£5,434.03
at maturity
Tandem Bank – 2 Year Fixed Saver
Tandem Bank logo
4.25% AER fixed for 2 years
£1 - £2,500,000
FSCS logo
protected
Open via: website, mobile app.
Green - By opening an account you are supporting Tandem Bank's green lending initiatives and helping to make UK homes more sustainable and environmentally friendly.
Go to site
View details
N/A
Leek Building Society – 2 Year Fixed Rate Bond
Leek United Building Society logo
4.25% AER fixed for 2 years
£1,000 - £250,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
£5,434.03
at maturity
Cynergy Bank – Fixed Rate Bond
Cynergy Bank logo
4.25% AER fixed for 2 years
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,434.03
at maturity
Leek Building Society – 2 Year Fixed Rate Bond
Leek United Building Society logo
4.25% AER fixed for 2 years
£1,000 - £250,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
£5,434.03
at maturity
Leek Building Society – 2 Year Existing Customer Fixed Rate Bond
Leek United Building Society logo
4.25% AER fixed for 2 years
£1,000 - £250,000
FSCS logo
protected
Open via: branch, website, post. Existing members only
Go to site
View details
£5,434.03
at maturity
Kent Reliance – 2 Year Fixed Rate Bond - Issue 9
Kent Reliance logo
4.21% AER fixed for 2 years
£1,000 - £499,999
FSCS logo
protected
Open via: website.
Go to site
View details
£5,429.86
at maturity
Kent Reliance – 2 Year Fixed Rate Bond - Issue 9
Kent Reliance logo
4.21% AER fixed for 2 years
£1,000 - £499,999
FSCS logo
protected
Open via: website.
Go to site
View details
£5,429.86
at maturity
Sensible Savings – Fixed Rate Bond
Sensible Savings logo
4.2% AER fixed for 2 years
£5,000 - £500,000
FSCS logo
protected
Open via: website, post.
Go to site
View details
£5,428.82
at maturity
Ford Money – Fixed Saver 2 Year
Ford Money logo
4.2% AER fixed for 2 years
£500 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,428.82
at maturity
Skipton BS – 2 Year Fixed Rate Branch Bond Issue 272
Skipton Building Society logo
4.2% AER fixed for 2 years
£500 - £1,000,000
FSCS logo
protected
Open via: branch, post, telephone.
Go to site
View details
£5,428.82
at maturity
Skipton BS – 2 Year Fixed Rate Branch Bond Issue 272
Skipton Building Society logo
4.2% AER fixed for 2 years
£500 - £1,000,000
FSCS logo
protected
Open via: branch, post, telephone.
Go to site
View details
£5,428.82
at maturity
Ford Money – Fixed Saver 2 Year
Ford Money logo
4.2% AER fixed for 2 years
£500 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,428.82
at maturity
Skipton BS – 2 Year Fixed Rate Bond Issue 272
Skipton Building Society logo
4.2% AER fixed for 2 years
£500 - £1,000,000
FSCS logo
protected
Open via: branch, website, mobile app, post, telephone.
Go to site
View details
£5,428.82
at maturity
Cambridge BS – 2 Year Fixed Rate Bond (Issue 24)
Cambridge Building Society logo
4.2% AER fixed for 2 years
£1,000 - £2,000,000
FSCS logo
protected
Open via: branch, website, mobile app, post, telephone.
Go to site
View details
£5,428.82
at maturity
Skipton BS – 2 Year Fixed Rate Bond Issue 272
Skipton Building Society logo
4.2% AER fixed for 2 years
£500 - £1,000,000
FSCS logo
protected
Open via: branch, website, mobile app, post, telephone.
Go to site
View details
£5,428.82
at maturity
Investec Bank plc – Raisin UK - 2 Year Fixed Term Deposit
Investec Bank plc logo
4.16% AER fixed for 2 years
£1,000 - £85,000
FSCS logo
protected
Open via: website, mobile app.
Get £100 cashback when you register with our code until 14/03/25, and fund your first savings account with £10,000 until 28/03/25. T&Cs apply.
Go to site
View details
£5,424.65
at maturity
Aldermore – 2 Year Fixed Rate Savings Account
Aldermore logo
4.16% AER fixed for 2 years
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,424.65
at maturity
Aldermore – 2 Year Fixed Rate Savings Account
Aldermore logo
4.16% AER fixed for 2 years
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,424.65
at maturity
Gatehouse Bank – 2 Year Fixed Term Woodland Saver
Gatehouse Bank logo
4.15% AER fixed for 2 years
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Green - Gatehouse Bank will plant a tree in a UK woodland when an account is opened and funded. Trees are planted in UK woodland projects certified by the UK Government’s Woodland Carbon Code.
Go to site
View details
£5,423.61
at maturity
Saffron BS – Two Year Fixed Rate Bond
Saffron Building Society logo
4.15% AER fixed for 2 years
£500 - £500,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
£5,423.61
at maturity
Principality BS – 2 Year Fixed Rate Bond (Issue 485)
Principality Building Society logo
4.15% AER fixed for 2 years
£500 - £2,000,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
N/A
Principality BS – 2 Year Fixed Rate Bond (Issue 485)
Principality Building Society logo
4.15% AER fixed for 2 years
£500 - £2,000,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
£5,423.61
at maturity
Saffron BS – Two Year Fixed Rate Monthly Income Bond
Saffron Building Society logo
4.15% AER fixed for 2 years
£500 - £2,000,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
£5,423.61
at maturity
Progressive BS – Online 2 Year Fixed Rate Bond (Issue 6)
Progressive Building Society logo
4.15% AER fixed for 2 years
£1 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,423.61
at maturity
Gatehouse Bank – 2 Year Fixed Term Woodland Saver
Gatehouse Bank logo
4.15% AER fixed for 2 years
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Green - Gatehouse Bank will plant a tree in a UK woodland when an account is opened and funded. Trees are planted in UK woodland projects certified by the UK Government’s Woodland Carbon Code.
Go to site
View details
£5,423.61
at maturity
Union Bank of India (UK) Ltd – Fixed Rate Deposit
Union Bank of India (UK) Ltd logo
4.1% AER fixed for 2 years
£1,000 - £1,000,000
FSCS logo
protected
Open via: branch, post.
Go to site
View details
N/A
State Bank of India – Fixed Deposit
State Bank of India logo
4.1% AER fixed for 2 years
£50,000 - £5,000,000
FSCS logo
protected
Open via: branch, website, post. Additional account needed
Go to site
View details
N/A
State Bank of India – Fixed Deposit
State Bank of India logo
4.1% AER fixed for 2 years
£50,000 - £5,000,000
FSCS logo
protected
Open via: branch, website, post. Additional account needed
Go to site
View details
N/A
State Bank of India – Fixed Deposit
State Bank of India logo
4.1% AER fixed for 2 years
£10,000 - £5,000,000
FSCS logo
protected
Open via: branch, website, post. Additional account needed
Go to site
View details
N/A
Earl Shilton BS – 2 Year Fixed Rate Savings Bond - Issue 5
Earl Shilton Building Society logo
4.1% AER fixed for 2 years
£10,000 - £85,000
FSCS logo
protected
Open via: branch, post.
Go to site
View details
N/A
Shawbrook Bank – 2 Year Fixed Rate Bond Issue 90
Shawbrook Bank logo
4.08% AER fixed for 2 years
£1,000 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,416.32
at maturity
Shawbrook Bank – 2 Year Fixed Rate Bond Issue 90
Shawbrook Bank logo
4.08% AER fixed for 2 years
£1,000 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,416.32
at maturity
National Bank of Egypt (UK) Limited – Raisin UK - 2 Year Fixed Term Deposit
National Bank of Egypt (UK) Limited logo
4.07% AER fixed for 2 years
£10,000 - £85,000
FSCS logo
protected
Open via: website, mobile app.
Get £100 cashback when you register with our code until 14/03/25, and fund your first savings account with £10,000 until 28/03/25. T&Cs apply.
Go to site
View details
N/A
Atom Bank – 2 Year Fixed Saver
Atom Bank logo
4.05% AER fixed for 2 years
£50 - £100,000
FSCS logo
protected
Open via: mobile app.
Go to site
View details
£5,413.20
at maturity
Ikano Bank – Ikano Bank Fixed 2 Year Saver Account
Ikano Bank logo
4.05% AER fixed for 2 years
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,413.20
at maturity
Ikano Bank – Ikano Bank Fixed 2 Year Saver Account
Ikano Bank logo
4.05% AER fixed for 2 years
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,413.20
at maturity
Progressive BS – 2 Year Fixed Rate Bond (Issue 19)
Progressive Building Society logo
4.05% AER fixed for 2 years
£500 - £1,000,000
FSCS logo
protected
Open via: branch, post.
Go to site
View details
£5,413.20
at maturity
Atom Bank – 2 Year Fixed Saver
Atom Bank logo
4.05% AER fixed for 2 years
£50 - £100,000
FSCS logo
protected
Open via: mobile app.
Go to site
View details
£5,413.20
at maturity
Union Bank of India (UK) Ltd – Fixed Rate Deposit
Union Bank of India (UK) Ltd logo
4.02% AER fixed for 2 years
£1,000 - £1,000,000
FSCS logo
protected
Open via: branch, post.
Go to site
View details
£5,410.08
at maturity
Union Bank of India (UK) Ltd – Union Premier Bond
Union Bank of India (UK) Ltd logo
4.02% AER fixed for 2 years
£5,000 - £340,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,410.08
at maturity
Harpenden BS – 2 Year Fixed Rate Bond (Issue 9)
Harpenden Building Society logo
4.01% AER fixed for 2 years
£1,000 - £1,000,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
£5,409.04
at maturity
iFAST Global Bank – Fixed Term Deposit
iFast GlobaL Bank logo
4% AER fixed for 2 years
From £1
FSCS logo
protected
Open via: website, mobile app.
View details
£5,408
at maturity
Progressive BS – 2 Year Fixed Rate Monthly Income Bond (Issue 19)
Progressive Building Society logo
4% AER fixed for 2 years
£25,000 - £1,000,000
FSCS logo
protected
Open via: branch, post.
Go to site
View details
N/A
ICICI Bank UK – SuperSaver Bond
ICICI Bank UK logo
4% AER fixed for 2 years
From £1,000
FSCS logo
protected
Open via: branch, website, telephone. Additional account needed
Go to site
View details
N/A
FirstSave – FirstSave 2 Year Fixed Rate Bond
FirstSave logo
4% AER fixed for 2 years
£1,000 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,408
at maturity
Ziraat Bank – Raisin UK - 2 Year Fixed Term Deposit
Ziraat logo
4% AER fixed for 2 years
£1,000 - £85,000
FSCS logo
protected
Open via: website, mobile app.
Get £100 cashback when you register with our code until 14/03/25, and fund your first savings account with £10,000 until 28/03/25. T&Cs apply.
Go to site
View details
£5,408
at maturity
TSB – Fixed Bond
TSB logo
4% AER fixed for 2 years
£1 - £1,000,000
FSCS logo
protected
Open via: branch, website.
Go to site
View details
£5,408
at maturity
Paragon Bank – 2 Year Fixed Rate Savings Account
Paragon Bank logo
4% AER fixed for 2 years
£1,000 - £500,000
FSCS logo
protected
Open via: website, post.
Go to site
View details
£5,408
at maturity
ICICI Bank UK – SuperSaver Bond
ICICI Bank UK logo
4% AER fixed for 2 years
From £1,000
FSCS logo
protected
Open via: branch, website, telephone. Additional account needed
Go to site
View details
N/A
TSB – Fixed Bond
TSB logo
4% AER fixed for 2 years
£1 - £1,000,000
FSCS logo
protected
Open via: branch, website.
Go to site
View details
£5,408
at maturity
Nationwide BS – 2 Year Fixed Rate Online Bond
Nationwide Building Society logo
4% AER fixed for 2 years
£1 - £5,000,000
FSCS logo
protected
Open via: website, mobile app.
Go to site
View details
£5,408
at maturity
Dudley BS – Two Year Fixed Rate Bond Issue 41
Dudley Building Society logo
4% AER fixed for 2 years
£1,000 - £1,000,000
FSCS logo
protected
Open via: branch, post.
Go to site
View details
£5,408
at maturity
Bath BS – Two Year Fixed Rate Bond (Issue 5)
Bath Building Society logo
4% AER fixed for 2 years
£500 - £100,000
FSCS logo
protected
Open via: branch, website, mobile app.
Go to site
View details
£5,408
at maturity
Paragon Bank – 2 Year Fixed Rate Savings Account
Paragon Bank logo
4% AER fixed for 2 years
£1,000 - £500,000
FSCS logo
protected
Open via: website, post.
Go to site
View details
£5,408
at maturity
Nationwide BS – 2 Year Fixed Rate Branch Bond
Nationwide Building Society logo
4% AER fixed for 2 years
£1 - £5,000,000
FSCS logo
protected
Open via: branch.
Go to site
View details
£5,408
at maturity
ICICI Bank UK – SuperSaver Bond
ICICI Bank UK logo
4% AER fixed for 2 years
From £1,000
FSCS logo
protected
Open via: branch, website, telephone. Additional account needed
Go to site
View details
N/A
QIB (UK) – Raisin UK - 2 Year Fixed Term Deposit
QIB (UK) logo
4% AER fixed for 2 years
£1,000 - £85,000
FSCS logo
protected
Open via: website, mobile app.
Get £100 cashback when you register with our code until 14/03/25, and fund your first savings account with £10,000 until 28/03/25. T&Cs apply.
Go to site
View details
£5,408
at maturity
FirstSave – FirstSave 2 Year Fixed Rate Bond
FirstSave logo
4% AER fixed for 2 years
£1,000 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,408
at maturity
HSBC – Fixed Rate Savings
HSBC logo
3.9% AER fixed for 2 years
£2,000 - £1,000,000
FSCS logo
protected
Open via: branch, website. Additional account needed
Go to site
View details
N/A
ICICI Bank UK – HiSAVE Fixed Rate Account
ICICI Bank UK logo
3.9% AER fixed for 2 years
From £1,000
FSCS logo
protected
Open via: website. Additional account needed
Go to site
View details
N/A
Vanquis Bank – Vanquis Bank Savings
Vanquis Bank logo
3.9% AER fixed for 2 years
£1,000 - £250,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,397.60
at maturity
HSBC – Fixed Rate Savings
HSBC logo
3.9% AER fixed for 2 years
£2,000 - £1,000,000
FSCS logo
protected
Open via: branch, website. Additional account needed
Go to site
View details
N/A
Family Building Society – 2 Year Fixed Rate Bond (44)
Family Building Society logo
3.9% AER fixed for 2 years
£1,000 - £250,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
£5,397.60
at maturity
Family Building Society – 2 Year Fixed Rate Bond (44)
Family Building Society logo
3.9% AER fixed for 2 years
£5,000 - £250,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
N/A
Furness BS – Raisin UK - 2 Year Fixed Term Deposit
Furness Building Society logo
3.9% AER fixed for 2 years
£1,000 - £85,000
FSCS logo
protected
Open via: website, mobile app.
Get £100 cashback when you register with our code until 14/03/25, and fund your first savings account with £10,000 until 28/03/25. T&Cs apply.
Go to site
View details
£5,397.60
at maturity
Paragon Bank – Raisin UK - 2 Year Fixed Term Deposit
Paragon Bank logo
3.9% AER fixed for 2 years
£1,000 - £85,000
FSCS logo
protected
Open via: website, mobile app.
Get £100 cashback when you register with our code until 14/03/25, and fund your first savings account with £10,000 until 28/03/25. T&Cs apply.
Go to site
View details
£5,397.60
at maturity
ICICI Bank UK – HiSAVE Fixed Rate Account
ICICI Bank UK logo
3.9% AER fixed for 2 years
From £1,000
FSCS logo
protected
Open via: website. Additional account needed
Go to site
View details
N/A
Vanquis Bank – Vanquis Bank Savings
Vanquis Bank logo
3.9% AER fixed for 2 years
£1,000 - £250,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,397.60
at maturity
Castle Trust Bank – Fixed Rate Saver
Castle Trust Bank logo
3.85% AER fixed for 2 years
£1,000 - £500,000
FSCS logo
protected
Open via: website, post, telephone. Existing customers only
Go to site
View details
£5,392.41
at maturity
Bank of Scotland – Fixed Rate Bond
Bank of Scotland logo
3.85% AER fixed for 2 years
£2,000 - £9,000,000
FSCS logo
protected
Open via: branch, website, telephone. Existing customers only
Go to site
View details
£5,392.41
at maturity
Halifax – Fixed Saver
Halifax logo
3.85% AER fixed for 2 years
£500 - £9,000,000
FSCS logo
protected
Open via: branch, website, mobile app, telephone. Existing customers only
Go to site
View details
£5,392.41
at maturity
Bank of Ireland UK – Limited Edition Fixed Term Deposit
Bank of Ireland UK logo
3.85% AER fixed for 2 years
£2,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,392.41
at maturity
Isbank – Raisin UK - 2 Year Fixed Term Deposit
Isbank logo
3.85% AER fixed for 2 years
£1,000 - £85,000
FSCS logo
protected
Open via: website, mobile app.
Get £100 cashback when you register with our code until 14/03/25, and fund your first savings account with £10,000 until 28/03/25. T&Cs apply.
Go to site
View details
N/A
Halifax – Fixed Saver
Halifax logo
3.85% AER fixed for 2 years
£500 - £9,000,000
FSCS logo
protected
Open via: branch, website, mobile app, telephone. Existing customers only
Go to site
View details
£5,392.41
at maturity
Lloyds Bank – Online Fixed Bond
Lloyds Bank logo
3.85% AER fixed for 2 years
£2,000 - £1,000,000
FSCS logo
protected
Open via: branch, website, telephone. Existing customers only
Go to site
View details
£5,392.41
at maturity
Bank of Scotland – Fixed Rate Bond
Bank of Scotland logo
3.85% AER fixed for 2 years
£2,000 - £9,000,000
FSCS logo
protected
Open via: branch, website, telephone. Existing customers only
Go to site
View details
£5,392.41
at maturity
Post Office Money® – Online Bond Issue 129
Post Office Money® logo
3.85% AER fixed for 2 years
£500 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,392.41
at maturity
Post Office Money® – Online Bond Issue 129
Post Office Money® logo
3.85% AER fixed for 2 years
£500 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,392.41
at maturity
Allica Bank – 24-Month Fixed Term Savings Account (Issue 40)
Allica Bank logo
3.81% AER fixed for 2 years
£10,000 - £250,000
FSCS logo
protected
Open via: website.
Go to site
View details
N/A
AIB (NI) – Fixed Rate Saver
AIB (NI) logo
3.8% AER fixed for 2 years
£5,000 - £200,000
FSCS logo
protected
Open via: branch, website. Additional account needed
Go to site
View details
£5,387.22
at maturity
M&S Bank – M&S Fixed Rate Savings Issue 56
M&S Bank logo
3.8% AER fixed for 2 years
£500 - £1,000,000
FSCS logo
protected
Open via: website, post, telephone.
Go to site
View details
£5,387.22
at maturity
Allied Irish Bank (GB) – Fixed Rate Saver
Allied Irish Bank (GB) logo
3.8% AER fixed for 2 years
£5,000 - £200,000
FSCS logo
protected
Open via: website. Additional account needed
Go to site
View details
£5,387.22
at maturity
Monmouthshire BS – 2 Year Fixed Rate Bond Issue 49
Monmouthshire Building Society logo
3.75% AER fixed for 2 years
£1,000 - £500,000
FSCS logo
protected
Open via: branch, website.
Go to site
View details
£5,382.03
at maturity
Triodos Bank – Triodos Ethical Savings Bond
Triodos Bank logo
3.75% AER fixed for 2 years
£500 - £1,000,000
FSCS logo
protected
Open via: mobile app.
Green - Provider has environmentally focused ethos.
Go to site
View details
N/A
Punjab National Bank (International) Limited – Fixed Term Deposit Account
Punjab National Bank logo
3.75% AER fixed for 2 years
From £1,000
FSCS logo
protected
Open via: branch, post. Additional account needed
Go to site
View details
£5,382.03
at maturity
Halifax – Fixed Saver
Halifax logo
3.75% AER fixed for 2 years
£500 - £9,000,000
FSCS logo
protected
Open via: branch, website, mobile app, telephone.
Go to site
View details
£5,382.03
at maturity
Lloyds Bank – Online Fixed Bond
Lloyds Bank logo
3.75% AER fixed for 2 years
£2,000 - £1,000,000
FSCS logo
protected
Open via: branch, website, telephone.
Go to site
View details
£5,382.03
at maturity
Post Office Money® – Growth Bond Issue 62
Post Office Money® logo
3.75% AER fixed for 2 years
£500 - £1,000,000
FSCS logo
protected
Open via: branch, post.
Go to site
View details
£5,382.03
at maturity
Halifax – Fixed Saver
Halifax logo
3.75% AER fixed for 2 years
£500 - £9,000,000
FSCS logo
protected
Open via: branch, website, mobile app, telephone.
Go to site
View details
£5,382.03
at maturity
Bank of Scotland – Fixed Rate Bond
Bank of Scotland logo
3.75% AER fixed for 2 years
£2,000 - £9,000,000
FSCS logo
protected
Open via: branch, website, telephone.
Go to site
View details
£5,382.03
at maturity
OakNorth Bank – Fixed Term Savings Account
OakNorth logo
3.75% AER fixed for 2 years
£1 - £500,000
FSCS logo
protected
Open via: website, mobile app.
Go to site
View details
£5,382.03
at maturity
Bank of Scotland – Fixed Rate Bond
Bank of Scotland logo
3.75% AER fixed for 2 years
£2,000 - £9,000,000
FSCS logo
protected
Open via: branch, website, telephone.
Go to site
View details
£5,382.03
at maturity
Triodos Bank – Triodos Ethical Savings Bond
Triodos Bank logo
3.75% AER fixed for 2 years
£500 - £1,000,000
FSCS logo
protected
Open via: mobile app.
Green - Provider has environmentally focused ethos.
Go to site
View details
£5,382.03
at maturity
Punjab National Bank (International) Limited – Fixed Term Deposit Account
Punjab National Bank logo
3.75% AER fixed for 2 years
From £1,000
FSCS logo
protected
Open via: branch, post. Additional account needed
Go to site
View details
£5,382.03
at maturity
cahoot – cahoot Fixed Rate Bond
cahoot logo
3.64% AER fixed for 2 years
£500 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,370.62
at maturity
cahoot – cahoot Fixed Rate Bond
cahoot logo
3.64% AER fixed for 2 years
£500 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
N/A
National Savings & Investments – NS&I Guaranteed Income Bonds Issue 72
National Savings & Investments logo
3.6% AER fixed for 2 years
£500 - £1,000,000
HM Treasury protected
Open via: website.
Go to site
View details
N/A
National Savings & Investments – NS&I Guaranteed Growth Bonds Issue 72
National Savings & Investments logo
3.6% AER fixed for 2 years
£500 - £1,000,000
HM Treasury protected
Open via: website.
Go to site
View details
£5,366.48
at maturity
Conister Bank – 2 Year Fixed Rate
Conister Bank logo
3.6% AER fixed for 2 years
£5,000 - £100,000
FSCS logo
protected
Open via: website.
View details
N/A
Danske Bank – Danske Fixed Term Deposit
Danske Bank logo
3.53% AER fixed for 2 years
From £5,000
FSCS logo
protected
Open via: branch, website, telephone. Additional account needed
Go to site
View details
£5,359.23
at maturity
Charter Savings Bank – 2 Year Fixed Rate Bond
Charter Savings Bank logo
3.5% AER fixed for 2 years
£5,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,356.12
at maturity
Charter Savings Bank – 2 Year Fixed Rate Bond
Charter Savings Bank logo
3.5% AER fixed for 2 years
£5,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£5,356.12
at maturity
Conister Bank – 2 Year Fixed Rate
Conister Bank logo
3.45% AER fixed for 2 years
£5,000 - £100,000
FSCS logo
protected
Open via: website.
View details
N/A
ICICI Bank UK – SuperSaver Term Deposit
ICICI Bank UK logo
3.25% AER fixed for 2 years
From £1,000
FSCS logo
protected
Open via: branch, website, telephone. Additional account needed
Go to site
View details
£5,330.28
at maturity
Sainsbury's Bank – Fixed Rate Saver
Sainsbury's Bank logo
2.5% AER fixed for 2 years
£5,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
N/A
Sainsbury's Bank – Fixed Rate Saver
Sainsbury's Bank logo
2.5% AER fixed for 2 years
£5,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
N/A
loading
Please note: This calculator provides estimations based on assumptions such as that you do not make withdrawals. You should always refer to the account provider for exact figures as they may vary from our results. Interest may be taxable.

If you’re looking for a home for your savings, and you won’t need to access them for two years, a 2 year fixed rate bond is a good option, if you can find one paying a decent amount of interest. Here’s what you need to consider, including the pros and cons and how to compare and choose the best one for you.

What are 2 year fixed rate bonds?

Fixed rate bonds involve depositing a set amount of money for an agreed period of time at a fixed interest rate. With 2 year fixed rate bonds, the money is locked in for a period of 2 years, although there are other fixed terms available, which usually range from 1 to 5 years.

With a 2 year fixed rate bond, normally you won’t be able to add money to the savings pot or withdraw it for the duration of that 2 years. The interest rate you get is fixed from the start, which provides certainty on your level of return (although that’s not so great if interest rates go up elsewhere in the meantime).

There is usually a chunky minimum deposit required, so a 2 year fixed rate bond could be a good option if you have a lump sum available that you know you won’t need to get your hands on again in the immediate future.

Bonds with a 2-year term will generally pay a better rate than 18-month (or shorter) terms but a worse rate than 3-year (or longer) terms.

However, at the moment, you can actually get a better rate (4.61% vs 4.59%) on a 18-month term. If you suspect that interest rates are likely to start to come down, then you may still prefer to "lock in" for 2 years, even if it's at a lower rate.

What are the available types of 2 year fixed rate bonds?

These are two main types of fixed rate bonds:

  • Normal fixed rate bonds provide a fixed interest rate for the duration of the bond (in this case, 2 years).
  • Tracker rate bonds involve fixing the interest rate at an agreed level above the Bank of England base rate. So for example, these might offer a rate of 1% higher than the base rate until the end of the 2 year term – which technically means there’s a chance the interest rate could fluctuate if the BoE decides to change its base rate.

How to choose the best 2 year fixed rate bond

The best 2 year fixed rate bond for you will be the one that best meets your individual needs. So here are some points to consider when choosing your account:

  • Interest rate. This is arguably one of the top factors when selecting your bond since you want your money to earn the best interest rate possible if it is tied in for 2 years.
  • How interest is paid. Want to generate a monthly income by getting the interest “paid away” to another account? Most bonds support this, but not all. Some insist that the interest is left and allowed to compound.
  • Account opening and management. Can you easily open the account online or do you need to go into a branch? And can you then manage or view your savings online or from a mobile app if that’s what you would prefer?
  • Eligibility. Some providers reserve the best bond products for their existing customers (who already have a current or savings account with them, for example). If you have an eye on a particular bond, check that it’s available to new customers.
  • Minimum deposit. You might need a minimum deposit of up to £1,000 for the accounts with the best interest rates. So make sure you have that lump sum available and can afford not to have to withdraw it again for the 2 years.

How much money do you need to open a 2-year fixed rate bond?

Typically, there is a minimum deposit of £500 or £1,000 required to open a 2-year fixed rate bond, although there are some accounts that can be opened with as little as £50.

The maximum amount you can put into one of these bonds is usually capped at around the £250,000 mark, but some providers will potentially let you put in millions of pounds (if you’re lucky enough to have that much to spare!).

When thinking about how much money to place in your bond, remember there is tax payable on the earnings from savings interest, although everyone gets a yearly allowance before the tax liability kicks in. Basic-rate taxpayers can earn up to £1,000 in interest each year tax-free, and for higher-rate taxpayers, it’s £500.

Is your money safe in a 2-year fixed rate bond?

Funds deposited at a financial institution with a UK banking licence are protected by the Financial Services Compensation Scheme (FSCS) up to the value of £85,000. This is per person, so any joint accounts will be covered for up to £170,000.

But you must be mindful that these limits apply to each bank (or banking group), so if you have a current account and several savings accounts with one provider containing funds totalling more than £85,000, any amount over this threshold won’t be covered.

Money deposited with financial providers that don’t have a UK banking licence also won’t be covered specifically by the FSCS. Although if the provider is regulated by the FCA and is allowed to take customer deposits in this country, it must have other safeguards in place, such as ring-fencing its customers’ money in accounts held at UK banks.

What happens at the end of the 2 years?

It’s time to cash out! As the bond will have reached the end of its fixed term (or “matured”), your provider will pay you the interest you’ve earned during this time, and you can then draw out your original lump sum plus the interest. Typically, you can choose to have this paid back into your current account or into another fixed term bond if you’d like to continue saving.

Which are the best 2-year fixed-rate bonds at the moment?

Our best fixed-rate bonds are the highest interest rates available. To get the latest rates, we use Moneyfacts data, which covers nearly the full market of savings products and is checked and updated daily. We don’t include accounts from private banks.

All the fixed-rate bonds in our list have savings protection – for most, this is the Financial Services Compensation Scheme (FSCS). Other schemes include that of NS&I, which is 100% backed by HM Treasury, and the Gibraltar Deposit Guarantee Scheme.

  • Vida Savings – 2 Year Fixed Rate Bond - 4.59%
  • Oxbury Bank – Personal 2 Year Bond Account (Issue 25) - 4.53%
  • Birmingham Bank – 2 Year Fixed Rate Bond - Issue 10 - 4.53%
  • Close Brothers Savings – 2 Year Fixed Rate Bond - 4.52%
  • JN Bank – Fixed Term Savings Account - 4.51%

An overview of our 2-year fixed-rate bond comparison

Rates up to 4.59% AER
Number of accounts 134
Minimum investment £1
Maximum investment £9,000,000
Opening options Branch, website, mobile app, post, telephone

Pros and cons of 2 year fixed rate bonds

Pros

  • Good option for investing a lump sum in the medium term
  • Have certainty on the interest rate over the 2 years
  • Generally higher interest rates on offer than with easy access savings accounts

Cons

  • Not suitable if you think you may need to access your savings before the 2 years are up
  • Risk that interest rates in the wider market may go up after your interest rate is locked in
  • High minimum deposit usually required, often about £1,000

Interest rates have shot up over the last few years, thanks to the Bank of England raising the base rate, and that means you have lots of options when it comes to fixed-rate savings accounts. Before you open one, always check things like the minimum amount you need to deposit to open the account and also any penalties if you decide to close it within the 2 years. This will normally be a loss of interest or closure of the account but the terms differ depending on the account and the provider.”

Rebecca Goodman, financial journalist

Bottom line

As with any other type of savings account, locking money away into a 2-year fixed bonds comes with advantages and disadvantages. But the key thing to bear in mind with a fixed-rate bond of any term up to 5 years is that they can offer a better return than if you had placed your money in an easy access savings account over the same period.

So, if you have at least £500 – £1,000 in spare cash and want to save for a medium term goal, you may want to look at placing it in a 2 year fixed rate bond. Just be confident that you won’t need access to that money in the meantime, as the penalty fees for withdrawing before the end of the fixed term can be substantial.

If you’re looking at saving for a much longer time horizon, say for 10 years or more, you’re more likely to get a better return on your money by investing it. To find out more about how to choose what kind of investments may suit you, take a look at our investments guide.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
Rebecca Goodman's headshot
To make sure you get accurate and helpful information, this guide has been reviewed by Rebecca Goodman, a member of Finder's Editorial Review Board.
Michelle Stevens's headshot
Deputy editor

Michelle Stevens is a deputy editor at Finder, specialising in banking, credit, loans and mortgages. She has a journalism degree from the University of Sheffield and has been a journalist for 15 years, writing on topics including fintech, payment systems and retail. In her spare time, Michelle likes to travel, explore new foodie experiences and attempt to improve her own culinary skills. See full bio

Michelle's expertise
Michelle has written 108 Finder guides across topics including:
  • Banking
  • Mortgages
  • Credit
  • Fintech
  • Payments
  • Loans

More guides on Finder

Go to site