It's quick and simple
See a wide range of two-year fixed-rate bonds all in one place.
The amount you earn with a two-year fixed rate bond depends on:
How much deposit you can save in the bond
The fixed interest rate on the bond
Our table gives some examples of how much you could earn over a two-year period with a fixed rate bond for different savings amounts at different annual fixed interest rates.
*Rates are for illustration purposes only and are not related to actual savings products on MoneySuperMarket.
Fixed rates mean you know what you’ll get back in interest
Savings are protected by government FSCS scheme
Potential good option for those with a large lump sum to save
Some bonds pay monthly or quarterly interest
Bond rates can often be lower than investment returns
You can’t access your money early
Not suitable for regular savers
Interest rates could rise after you lock into your fixed rate
After two years your bond will have matured. You can either withdraw the funds with the interest you’ve earned or move it to another savings account – even another fixed rate bond. Remember to shop around again for the best interest rates. You don’t have to keep your money with the same savings provider.
You’ll need to be proactive though or the provider is likely to move your bond to a very low interest account until you make a decision.
With a fixed-rate savings bond, you choose a bond and deposit a lump sum and don’t touch your savings for an agreed timeframe e.g. two years. Once the two years are up, the bond has ‘matured’ and you can now access your savings. However, with a regular savings account, you put away money on a regular basis, typically every month for a fixed time period, e.g. one year.
You may be able to withdraw your money before the bond matures, however you’ll likely face a penalty, e.g. an equivalent to 90 days' interest on the money cashed in.
You might have to pay tax on your savings bond if it’s above your Personal Savings Allowance.
Interest is normally paid annually on the anniversary of when you opened the savings bond. Interest may be paid quarterly or monthly depending on your provider.
Yes, there will be a maximum limit, check with your provider for the maximum amount you can deposit.
You can find interest rates from up to 5.25% on a 2-year fixed rated bond. When comparing with us, you can sort fixed rated bonds by rate to find our most competitive offers.
You can pay into your fixed rate bond as long as the product is still open to funds, your provider will let you know the deposit end date.
So how do we make our money? In a nutshell, when you use us to buy a product, we get a reward from the company you’re buying from.
But you might have other questions. Do we provide access to all the companies operating in a given market? Do we have commercial relationships or ownership ties that might make us feature one company above another?
We commit to providing you with clear and informative answers on all points such as this, so we have gathered the relevant information on this page.