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2 Year Fixed Rate Bonds

Updated: 15th June 2021

If you’re able to put your money away for 2 years, these fixed rate bonds could offer you a higher interest rate than a typical current account or easy access savings account.


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Here are MyWalletHero’s picks for the fixed rate bonds:

Great for: competitive interest rates on fixed term savings from as little as £500
5 stars question mark
Ford Money logo
  • Interest Rate (AER):

    0.70%
  • Account Type:

    2 Year Fixed Rate
  • Account Minimum:

    £500
  • Account Maximum:

    £2,000,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • Interest can be paid into a nominated account.
  • 14-day cooling off period after account opening.
  • Best-rate guarantee before you make your initial deposit.
  • No withdrawals or account closures allowed before the end of the two-year term.

what we like

  • Highly competitive interest rate
  • Choice of annual or monthly interest payments
  • Unlimited deposits within the first 14 days – from £500 up to £2 million

WHAT YOU NEED TO KNOW

  • Interest can be paid into a nominated account.
  • 14-day cooling off period after account opening.
  • Best-rate guarantee before you make your initial deposit.
  • No withdrawals or account closures allowed before the end of the two-year term.

DISCLAIMER

Great for: Competitive fixed rate interest
5 stars question mark
Paragon logo
  • Interest Rate (AER):

    1.00%
  • Account Type:

    2 Year Fixed Rate
  • Account Minimum:

    £1,000
  • Account Maximum:

    £500,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum total balance £500,000
  • Your total sum must be deposited within 28 days of application - via one payment
  • Can be opened as a single or joint account
  • Interest can be paid monthly or annually

what we like

  • Can be opened as a single or joint account
  • Offers monthly or annual interest payments
  • Competitive interest rate

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum total balance £500,000
  • Your total sum must be deposited within 28 days of application - via one payment
  • Can be opened as a single or joint account
  • Interest can be paid monthly or annually

DISCLAIMER

Great for: Highly competitive fixed rate interest
4.5 stars question mark
charter savings bank logo
  • Interest Rate (AER):

    1.00%
  • Account Type:

    2 Year Fixed Rate
  • Account Minimum:

    £5,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £5,000
  • Maximum total balance £1 million
  • If you open the account online, you will have 14 days to make unlimited deposits
  • If you open via post, you'll have 30 days to make deposits
  • Interest can be paid monthly or annually

what we like

  • Competitive interest rate
  • Choice of annual or monthly interest payments
  • Unlimited number of deposits during the initial funding period

WHAT YOU NEED TO KNOW

  • Minimum deposit £5,000
  • Maximum total balance £1 million
  • If you open the account online, you will have 14 days to make unlimited deposits
  • If you open via post, you'll have 30 days to make deposits
  • Interest can be paid monthly or annually

DISCLAIMER

Great for: Competitive interest on fixed term savings
4.5 stars question mark
RCI Bank logo
  • Interest Rate (AER):

    0.60%
  • Account Type:

    2 Year Fixed Rate
  • Account Minimum:

    £1,000
  • Account Maximum:

    £1,000,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

    • Minimum deposit £1,000
    • Maximum total balance £1,000,000
    • Deposit must be made within 14 days of opening, but can be done via unlimited payments
    • Annual or monthly interest options available

 

  •  

 

what we like

  • Competitive interest rate
  • Unlimited deposit payments with the first 14 days of opening
  • Option for annual or monthly interest payments

WHAT YOU NEED TO KNOW

    • Minimum deposit £1,000
    • Maximum total balance £1,000,000
    • Deposit must be made within 14 days of opening, but can be done via unlimited payments
    • Annual or monthly interest options available

 

  •  

 

DISCLAIMER

Great for: Competitive interest on savings
4 stars question mark
Vanquis Bank Savings logo
  • Interest Rate (AER):

    0.20%
  • Account Type:

    2 Year Fixed Rate
  • Account Minimum:

    £1,000
  • Account Maximum:

    £250,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum total balance £250,000
  • Open as a sole or joint account
  • Deposit must be made within 30 days of opening via a single payment
  • Annual or monthly interest options available

what we like

  • Competitive interest rate
  • Can be opened as a sole or joint account
  • Annual or monthly interest options

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum total balance £250,000
  • Open as a sole or joint account
  • Deposit must be made within 30 days of opening via a single payment
  • Annual or monthly interest options available

DISCLAIMER