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Compare 2 Year Fixed Rate Bonds

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 2 Years
Interest AER 2.50%

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

QIB UK Bank
Fixed Rate Bond QIB UK Bank
Min deposit £1000
Term 18 Months
Interest AER 2.40%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £25 cash bonus for deposits of £10,000 or more. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

Paragon Bank
Fixed Rate Bond Paragon Bank
Min deposit £1000
Term 2 Years
Interest AER 2.36%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £25 cash bonus for deposits of £10,000 or more. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

Paragon Bank
Fixed Rate Bond Paragon Bank
Min deposit £1000
Term 18 Months
Interest AER 2.30%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £25 cash bonus for deposits of £10,000 or more. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

QIB UK Bank
Fixed Rate Bond QIB UK Bank
Min deposit £1000
Term 2 Years
Interest AER 2.30%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £25 cash bonus for deposits of £10,000 or more. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 2 Years
Interest AER 2.25%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £250,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

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

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £25 cash bonus for deposits of £10,000 or more. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

FCMB
Fixed Rate Bond FCMB
Min deposit £1000
Term 18 Months
Interest AER 2.10%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £25 cash bonus for deposits of £10,000 or more. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

ICICI Bank
Fixed Rate Bond ICICI Bank
Min deposit £1000
Term 2 Years
Interest AER 1.90%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £25 cash bonus for deposits of £10,000 or more. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

Zenith Bank UK
Fixed Rate Bond Zenith Bank UK
Min deposit £1000
Term 2 Years
Interest AER 1.90%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £25 cash bonus for deposits of £10,000 or more. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

Hampshire Trust Bank
Fixed Rate Bond Hampshire Trust Bank
Min deposit £1
Term 2 Years
Interest AER 1.70%

Why we like it: Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2021. Must be UK resident and be aged 18 or older. No withdrawals permitted

UBL
Fixed Rate Bond UBL
Min deposit £1000
Term 2 Years
Interest AER 1.65%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £25 cash bonus for deposits of £10,000 or more. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

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Is a 2 year fixed rate bond right for you?

For smaller amounts of money, a savings account is likely to offer the best rate of interest. For example RCI Bank currently offer 1.10% on their Freedom Saver Account.

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. Paragon Bank 2 Year Fixed Rate Bond »

  • Fixed 2 Year 2.55% at time of writing
  • Interest paid at maturity
  • Open online
  • Minimum deposit - £1,000
  • Register for a free Raisin UK Account to apply for product
  • FSCS Protected up to £85,000

Quick online application from Paragon Bank

2. Access Bank 2 Year Fixed Rate Bond »

  • Fixed 2 Year 2.50% at time of writing
  • Interest paid annually
  • Open online
  • Minimum deposit - £5,000
  • FSCS Protected up to £85,000

Quick online application from Access 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.

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