This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

Compare 2 Year Fixed Rate Bonds

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 30 Months
Interest AER 2.25%

Why we like it: 30 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

Axis Bank
Fixed Rate Bond Axis Bank
Min deposit £1000
Term 2 Years
Interest AER 2.24%

Why we like it: Interest can be paid monthly, quarterly or at maturity - Minimum deposit £1,000 - Maximum deposit £200,000 - No withdrawals permitted - FSCS Protected

Vanquis
Fixed Rate Bond Vanquis
Min deposit £1000
Term 2 Years
Interest AER 2.20%

Why we like it: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.

Zenith Bank UK
Fixed Rate Bond Zenith Bank UK
Min deposit £1000
Term 2 Years
Interest AER 2.20%

Why we like it: Interest paid at annually. Minimum deposit £1,000, maximum £2,000,000. No withdrawals permitted. FSCS Protected

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 2 Years
Interest AER 2.15%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

Wyelands Bank
Fixed Rate Bond Wyelands Bank
Min deposit £5000
Term 2 Years
Interest AER 2.15%

Why we like it: Save from £5,000. No withdrawals during the term. FSCS Protected

Masthaven Bank
Fixed Rate Bond Masthaven Bank
Min deposit £500
Term 2 Years
Interest AER 2.14%

Why we like it: 2 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 2 Years
Interest AER 2.11%

Why we like it: Save from £1,000 to £1,000,000. No withdrawals before the end of the term. RCI Bank are protected up to a total of €100,000 by the FGDR (Fonds de Garantie Dépôts et de Résolution), the French deposit protection scheme. Apply online.

Ford Money
Fixed Saver Ford Money
Min deposit £500
Term 2 Years
Gross AER 2.05%

Why we like it: Minimum deposit £500. Open an account singly or jointly. Interest can be paid monthly or annually. Eligible deposits covered by UK FSCS.

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 18 Months
Interest AER 2.05%

Why we like it: 18 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 15 Months
Interest AER 2.00%

Why we like it: 15 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 2 Years
Interest AER 1.95%

Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected

Is a 2 year fixed rate bond right for you?

Savings accounts may provide good rates of interest on small deposits. For example RCI Bank presently offer 1.30% on their savings accounts.

If your savings are higher than the limit your savings account pays interest on, however, you are likely missing out on significant potential returns. Fixed rate bonds provide a guaranteed income for the life of the bond and usually allow you to deposit far more than most current accounts.

Fixed rate bonds let you keep your current account, so you don’t have to worry about rearranging your day-to-day banking, while making sure that all of your money is earning a return.

2 year fixed rate bonds are great if you don’t immediately need access to your savings, but want to keep your options open for the not too distant future. They allow you to earn a good rate of interest on your savings and help maintain the value of your money relative to inflation.

Compare 2 year fixed rate bonds

We have selected some of the most attractive 2 year fixed rate bonds currently on offer below. The rates of interest they offer change regularly, so please see the table above for the latest rates.

 

1. Axis Bank 2 Year Fixed Rate Bond »

  • Fixed 2 Year 2.24% at time of writing
  • Interest is paid monthly, quarterly or annually
  • Online access only
  • Minimum deposit - £1,000
  • Maximum deposit - £200,000
  • FSCS Protected up to £85,000

Quick online application from Axis Bank


2. Zenith Bank 2 Year Fixed Rate Bond »

  • Fixed 2 Year 2.20% at time of writing
  • Interest is paid annually or at maturity
  • Online access only
  • Minimum deposit - £1,000
  • Maximum deposit - £2,000,000
  • FSCS Protected up to £85,000

Quick online application from Zenith Bank

 

3. Vanquis Bank 2 Year Fixed Rate Bond »

  • Fixed 2 Year 2.20% at time of writing
  • Interest is paid monthly or annually
  • Online access only
  • Minimum deposit - £1,000
  • Maximum deposit - £250,000
  • FSCS Protected up to £85,000

Quick online application from Vanquis Bank

 

Other fixed rate bonds

If are unsure about locking your savings away for 2 years, you might be better opting for a 1 year fixed rate bond. These often have the option to automatically rollover your deposit, allowing you to keep earning a return while giving you more flexibility if you need to access your savings sooner.

Alternatively, you could also consider a 3 year or 5 year fixed rate bond as these generally offer a better rate of interest that a 2 year bond.

Find 2 Year Fixed Rate Bond Best Buys

Choosing the best 2 year fixed rate bond for your needs can seem complicated, but if you are clear what you want from your money, you can find some fantastic deals. Carefully compare the different features various providers offer and you should be able to find a good match for your requirements.

Latest news

Pensioner Bond Maturity - 5 Ideas For Your Cash

From January 2018 over 900,000 people who invested in pensioner bonds will start to see their bonds mature. Savers who have been enjoying 4% pa are going to get a shock when they look for comparable returns from cash in the current market. We have put together 5 ideas for your cash in 2018

Newsletter signup

Sign up to our Newsletter to get exclusive news and offers direct to your inbox.

Let's get social now! Twitter Facebook

About us

Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

We've been comparing savings and current accounts for many years so you can trust you're in good hands.