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Compare 2 Year Fixed Rate Bonds

QIB UK Bank
Fixed Rate Bond QIB UK Bank
Min deposit £1000
Term 2 Years
Interest AER 1.50%

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

Charter Savings Bank
Fixed Rate Bond Charter Savings Bank
Min deposit £1000
Term 2 Years
Interest AER 1.41%

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

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 2 Years
Interest AER 1.37%

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

Hampshire Trust Bank
Fixed Rate Bond Hampshire Trust Bank
Min deposit £1
Term 2 Years
Interest AER 1.30%

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

QIB UK Bank
Fixed Rate Bond QIB UK Bank
Min deposit £1000
Term 18 Months
Interest AER 1.30%

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

Cambridge & Counties Bank
Fixed Rate Bond Cambridge & Counties Bank
Min deposit £10000
Term 2 Years
Interest AER 1.30%

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

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 2 Years
Interest AER 1.30%

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

IS Bank
Fixed Rate Bond IS Bank
Min deposit £1000
Term 2 Years
Interest AER 1.30%

Why we like it: Market leading 2 year fixed rate bond. Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 18 Months
Interest AER 1.27%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a cash bonus. 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 2 Years
Interest AER 1.25%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a cash bonus. 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 18 Months
Interest AER 1.22%

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

FCMB
Fixed Rate Bond FCMB
Min deposit £1000
Term 18 Months
Interest AER 1.22%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a cash bonus. 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 Investec Bank currently offer 0.58% on their Freedom Saver Instant Access Savings 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. QIB Bank 2 Year Fixed Rate Bond »

  • Fixed 2 Year 1.50% 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 QIB Bank

2. Charter Savings Bank 2 Year Fixed Rate Bond »

  • Fixed 1 Year 1.41% 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 Charter Savings 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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Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

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