Best 2 Year Fixed Rate Bonds
We found 200 products
Use our comparison table and filters to find the best rates for 2 year fixed rate bonds. If you would like more information about 2 year fixed rate bonds read our guide below.
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.Quick Links
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This guide tells you about the range of standard ISA and savings accounts available.
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|Al Rayan Bank Fixed Term Deposit||2.42%||Fixed|
|Bank of London and The Middle East Premier Deposit Account (Anticipated Profit Rate)||2.40%||Fixed|
|Al Rayan Bank Fixed Term Deposit||2.32%||Fixed|
|Bank of London and The Middle East Premier Deposit Account (Anticipated Profit Rate)||2.30%||Fixed|
For savers looking for a medium-term home for their money, a 2-year fixed rate bond can offer a reasonable interest rate, without tying up your money for too long.
When thinking about taking out a 2-year fixed rate bond, you should also consider what you think will happen to interest rates:
When taking out a fixed rate bond, you are promising the bank or building society that you won't withdraw your cash for a specified period of time – in this instance, it will be for two-years. Most 2-year fixed rate bonds do not allow you access to your money once it’s been deposited until the bond matures. Where access is allowed, a considerable interest penalty will probably have to be paid.
Many of the best rates available on 2-year fixed rate bonds are offered by smaller, relatively unknown banks. These are often referred to as challenger banks.
Learn more about challenger banks
As all banks and building societies listed by moneyfacts.co.uk must be UK-licensed and part of the Financial Services Compensation Scheme (or an equivalent), you can be safe in the knowledge that the first £85,000 you have saved is protected if the bank or building society were to go bust.
Learn more about depositor protection