Best 2 Year ISA Rates up to 0.9% Fixed | moneyfacts.co.uk
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Best 2 Year Fixed Rate ISAs

Why choose a 2 year fixed rate ISA?

If you don’t want to commit your money for too long, but are looking to earn a better rate of interest than is available on a 1 year ISA, a 2 year fixed rate ISA could be your best option. Further deposits after account opening are not usually allowed. View today's best rates below or read our guide to 2 year fixed rate ISAs to learn more.  

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Browse Fixed Rate ISA Terms

Best ISA rates - 2 year fixed

Best ISA rates - 2 year fixed

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  • Paragon Bank 2 Year Fixed Rate Cash ISA
    AER
    0.70%
    Account Type
    Cash ISA
    Term
    2 Year Bond
    Interest Paid
    Anniversary
    Further Options ˅
    Go To Provider's Site
    AER
    0.70%
    Account Type
    Cash ISA
    Term
    2 Year Bond
    Interest Paid
    Monthly
    Go To Provider's Site
  • Charter Savings Bank 2 Year Fixed Rate Cash ISA
    AER
    0.92%
    Account Type
    Cash ISA
    Term
    2 Year Bond
    Interest Paid
    Anniversary
    Further Options ˅
    AER
    0.92%
    Account Type
    Cash ISA
    Term
    2 Year Bond
    Interest Paid
    Monthly
  • Coventry BS Fixed Rate ISA (113) 30.11.2022
    AER
    0.85%
    Account Type
    Cash ISA
    Term
    30.11.22
    Interest Paid
    Yearly
  • Ipswich BS Deben Fixed ISA (Issue 27)
    AER
    0.85%
    Account Type
    Cash ISA
    Term
    31.08.22
    Interest Paid
    Yearly
  • Monmouthshire BS 2 Year Fixed Rate Cash ISA - Issue 6
    AER
    0.85%
    Account Type
    Cash ISA
    Term
    2 Year Bond
    Interest Paid
    Yearly
  • Skipton BS 30 Month Fixed Rate ISA Issue 128
    AER
    0.85%
    Account Type
    Cash ISA
    Term
    30 Month Bond
    Interest Paid
    Anniversary
  • Skipton BS 30 Month Online Fixed Rate ISA Issue 128
    AER
    0.85%
    Account Type
    Cash ISA
    Term
    30 Month Bond
    Interest Paid
    Anniversary
  • Cambridge BS Members' 2 Year Fixed Rate ISA (Issue 3)
    AER
    0.80%
    Account Type
    Cash ISA
    Term
    2 Year Bond
    Interest Paid
    Yearly
  • Furness BS Fixed Rate Cash ISA (Issue 165)
    AER
    0.80%
    Account Type
    Cash ISA
    Term
    2 Year Bond
    Interest Paid
    Anniversary
  • Furness BS Fixed Rate eSavings Cash ISA (Issue 15)
    AER
    0.80%
    Account Type
    Cash ISA
    Term
    2 Year Bond
    Interest Paid
    Anniversary
Note

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme up to a maximum level of protection of £85,000 per person per institution.

Disclaimer

All rates subject to change without notice. Please check all rates and terms before investing or borrowing.

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How does a 2 year ISA work?

At a glance

  • A medium-term option for ISA cash you don’t need to access
  • Make sure you can commit your money for the full two-year term
  • Further deposits after account opening are not usually allowed

How does a 2 year ISA work?

In the 2018-19 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 are only allowed to open one new cash ISA per tax year, so if you opt for a 1-year fixed rate ISA, you will not be able to open another cash ISA until the next tax year. The only exception to this is if a provider allows you to ‘share’ your ISA allowance across their range of cash ISAs.

You may only be able to make a single deposit and/or transfer in to your 2-year ISA when you open the account. You might be permitted to make further deposits into the ISA, but this is only while the product remains on general sale. However, as soon as the fixed rate ISA is withdrawn from sale to new customers, you won’t be able to put any further money into it.

Although you will be able to transfer money out of your ISA, there will usually be a hefty interest penalty to pay. If you think you’ll need access to your money within the 2-year term, look instead at an ISA that will allow easy access, or penalty-free access after a notice period has been served.

Looking for easy access?

Moneyfacts tip Leanne Macardle

Don’t open a 2 year fixed rate ISA if you think you’ll need access to your money during the term. If you make a withdrawal the interest penalty charged could mean that you’ll earn less interest on your ISA savings than if you had opted for the top-paying easy access cash ISA instead.

Discover different fixed rate ISA terms

Best 2 Year ISA Rates

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