Best 2 year fixed rate cash ISAs

In the current tax year (a tax year runs from 6 April to the following 5 April), you can deposit up to £20,000 into a cash ISA. Learn more about the yearly ISA allowance and how it works. 

Cash ISAs are available in fixed rate, notice or easy access formats. Unlike variable rate easy access accounts, fixed rate cash ISAs guarantee you a certain rate across a certain amount of time. For example, a two year fixed rate ISA will give you a fixed rate of interest across two years. This can be useful when it comes to reaching your savings goals, in the context of being able to plan ahead.  

Different yearly terms are available and with different rates on offer, its a good idea to compare ISA rates  before opening an account. You may also be interested in: 

1 year fixed rate cash ISAs

3 year fixed rate cash ISAs

4 year fixed rate cash ISAs

5 year fixed rate cash ISAs

Stocks and shares ISAs

• In the current tax year (a tax year runs from 6 April to the following 5 April), you can deposit up to £20,000 into a cash ISA. 
• You may only be able to make a single deposit and/or transfer in to your two year ISA when you open the account. Some providers may allow you to add to the account after opening, but some will not.
• If the provider allows you to withdraw money from your ISA before the end of the term, there will usually be a hefty interest penalty to pay. If you think you’ll need access to your money within the two-year term, look instead at an ISA that will allow easy access, or penalty-free access after a notice period has been served.