Best 2 Year Fixed Rate ISAs 2018 | moneyfacts.co.uk

2 Year Fixed Rate ISA Best Buys

  - Find the best 2 year fixed rate ISA with our independent Best Buys.
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Compare the Best 2 Year Fixed Rate Cash ISAs

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AER Notice / Term Min Invest Transfer In Account Opening Search all
1863 accounts
 

1.90%
2 Year Bond £5000 Yes
  1. No
  2. Yes
  3. No
  4. No
Details...  

1.82%
24.05.21 £1 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.82%
2 Year Bond £5000 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.81%
2 Year Bond £100 Yes
  1. No
  2. Yes
  3. Yes
  4. No
Details...
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1.81%
2 Year Bond £1000 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.81%
expected rate
24 Month Bond £1000 Yes
  1. Yes
  2. Yes
  3. Yes
  4. Yes
Details...  

1.80%
2 Year Bond £1000 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.76%
2 Year Bond £500 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.75%
2 Year Bond £1 Yes
  1. No
  2. Yes
  3. No
  4. No
Details...  

1.75%
01.06.21 £100 Yes
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...
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1.60%
30.06.21 £1000 No
  1. No
  2. Yes
  3. Yes
  4. No
Details...
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1.60%
2 Year Bond £500 Yes
  1. No
  2. Yes
  3. Yes
  4. No
Details...
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Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to open an account today. Products shown with a yellow background are sponsored products.

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.
 

Best two-year fixed ISA rates

During February, Charter Savings Bank was also offering the best rate for a two-year fixed rate cash ISA, paying 1.95% AER/Gross.

This two-year bond required a minimum deposit of £1,000 and paid interest on its anniversary. It allowed further additions for a limited period as well as withdrawals, but this early access was subject to 180 days’ loss of interest. Another competitive two-year fixed rate ISA last month came from Shawbrook Bank with its 2 Year Fixed Rate Cash ISA Bond Issue 28 offering a rate of 1.91% AER/Gross. The account needed a minimum deposit of £1,000 to open and allowed further additions, while withdrawals and early access were also permitted subject to a 180-day loss of interest penalty.

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2 year fixed rate ISAs explained

  • A solid medium term option for ISA cash you don’t need to access
  • Make sure you can commit your money for the full 2 year term
  • Not usually allowed to make further deposits after account opening

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 short term ISAs, a 2 year fixed rate ISA could be for you.

All cash ISAs have to allow you to transfer your money to another provider, at any point during the term. However, a sizeable interest penalty will be charged if you do – typically anything up to 180 days’ loss of interest.

Warning As with all fixed rate ISAs, it’s important that you’re certain you can commit your money for the full term.

In the 2018-19 tax year (which 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 two-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

When opening a fixed rate ISA, you’ll normally only be allowed to make a single deposit. So if you don’t deposit your full cash ISA allowance, and wished to make a further deposit later, you may only be able to contribute to a pre-existing easy access cash ISA as you’ll likely be unable to make further contributions to your fixed rate ISA pot.

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Best cash ISA rates
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