2-Year Fixed Rate Savings Accounts

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Calfiny does not have a commercial relationship with the following providers. We do not receive a commission from them and you will need to contact the provider directly if you are interested in one of these products.

Atom 2-Year Fixed Rate Saver

FSCS
PROTECTED

Account typeFixed Rate

Interest rate5.1% AER

Fixed term2 Year

Open with£50

Tandem Bank 2-Year Fixed Term Saver

FSCS
PROTECTED

Account typeFixed Rate

Interest rate5.0% AER

Fixed term2 Year

Open with£0

Monzo 2-Year Fixed Rate Savings

FSCS
PROTECTED

Account typeFixed Rate

Interest rate4.6% AER

Fixed term2 Year

Open with£500

Zopa Bank 2-Year Fixed Rate

FSCS
PROTECTED

Account typeFixed Rate

Interest rate4.5% AER

Fixed term2 Year

Open with£0

Choose to either compound your interest or have it paid to you

How do 2-year fixed-rate savings accounts work?

A 2-year fixed-rate savings account pays an agreed interest rate for a term of approximately 24 months. The rate normally remains unchanged throughout the term, regardless of changes to variable savings rates or rates offered on newly available accounts.

In return, your money is usually committed until the account matures. Many providers do not permit withdrawals or early closure, while others may impose conditions or penalties. Deposit windows and interest-payment arrangements can also differ.

Key features of a 2-year fixed term

Check your maturity notice

Your provider will normally explain the maturity date and any instructions you need to provide. If you take no action, the balance may automatically move into another account.
Decide whether to withdraw or reinvest

Depending on the provider, you may be able to withdraw the money, transfer it to another savings account or choose a new fixed-rate term.
Compare the rates available at maturity

Savings rates may have changed substantially during the preceding two years. Review current rates and account conditions before choosing where to keep your money next.

2-Year Fixed Rate Savings Accounts

Compare 2-Year Fixed Rates Savings Account

Other providers

Interest

Deposits

Access

Eligibility

Open & manage

Interest

Deposits

Access

Eligibility

Open & manage

Important account conditions

Interest

Deposits

Access

Eligibility

Open & manage

Important account conditions

Interest

Deposits

Access

Eligibility

Open & manage

How do 2-year fixed-rate savings accounts work?

See how interest could grow your savings

When might a 2-year fixed-rate savings account be useful?

Your savings goal is around two years away

You want longer-term interest-rate certainty

You have sufficient accessible savings elsewhere

You are comfortable reviewing your options in two years

Potential advantages

Two years of rate certainty

Less frequent reinvestment decisions

Potential for interest to compound

Potential limitations

Longer restrictions on access

Missing increases in savings rates

Inflation and purchasing power

Annual Equivalent Rate (AER)

Minimum opening deposit

Additional deposits

Interest payments and compounding

Early withdrawals and closure

Maturity arrangements

Deposit protection

Check your maturity notice

Decide whether to withdraw or reinvest

Compare the rates available at maturity