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Home » Banking & Savings » 2 Year Fixed Rate Cash ISAs

2 Year Fixed Rate Cash ISAs

Updated: 23rd September 2021

Cash ISAs provide the advantage of tax free savings. If you’re able to put your money away for 2 years, these fixed rate cash ISAs could offer you better interest rate than their easy access relatives. Note that while you can withdraw from a fixed rate cash ISA, the heavy penalties make it a good idea to avoid that unless absolutely necessary.

Jump to Our Picks for top-rated 2 Year Fixed Rate Cash ISAs

Offers from our affiliate partners appear first and are ordered from highest rating to lowest, followed by other top-rated offers. You can read more about our ratings and page sort here. Offers from affiliate partners are marked with a *.

Great For: Highly competitive fixed rate interest in a cash ISA

4.5 stars question mark

Ford Money logo

  • Interest Rate (AER):

    0.65%

  • Account Type:

    2 Year Fixed Rate ISA

  • Account Minimum:

    £500

WHAT YOU NEED TO KNOW

  • Minimum deposit £500
  • Maximum account balance £2,000,000
  • Deposits must be made within 14 days of opening, but can be done via an unlimited number of payments
  • Choice of annual or monthly interest payments
  • Tax-free savings up to the current limit of £20,000 each tax year

what we like

  • Tax free saving
  • Highly competitive interest rate
  • Unlimited deposits within the first 14 days of opening

WHAT YOU NEED TO KNOW

  • Minimum deposit £500
  • Maximum account balance £2,000,000
  • Deposits must be made within 14 days of opening, but can be done via an unlimited number of payments
  • Choice of annual or monthly interest payments
  • Tax-free savings up to the current limit of £20,000 each tax year

DISCLAIMER

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Great For: Competitive fixed rate ISA interest

4.5 stars question mark

Paragon logo

  • Interest Rate (AER):

    0.91%

  • Account Type:

    2 Year Fixed Rate ISA

  • Account Minimum:

    £500

  • Account Maximum:

    £500,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £500
  • Maximum account balance £500,000
  • Fixed interest rate
  • You have 28 days from the date of application to make your initial deposit - by one payment
  • Quickly transfer your existing ISA from other providers
  • Choice of monthly or annual interest payments
  • Save up to the annual statutory limit of £20,000 each tax year
  • Early withdrawals are subject to a penalty

what we like

  • Competitive fixed interest rate
  • Quickly transfer your existing ISA from other providers
  • Choice of monthly or annual interest payments

WHAT YOU NEED TO KNOW

  • Minimum deposit £500
  • Maximum account balance £500,000
  • Fixed interest rate
  • You have 28 days from the date of application to make your initial deposit - by one payment
  • Quickly transfer your existing ISA from other providers
  • Choice of monthly or annual interest payments
  • Save up to the annual statutory limit of £20,000 each tax year
  • Early withdrawals are subject to a penalty

DISCLAIMER

Show More

Great For: Competitive fixed rate - with tax savings

4.5 stars question mark

Shawbrook Bank logo

  • Interest Rate (AER):

    0.97%

  • Account Type:

    2 Year Fixed Rate ISA

  • Account Minimum:

    £1,000

  • Account Maximum:

    £250,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum account balance £250,000
  • Highly competitive fixed interest rate
  • If you want to transfer money from an existing ISA into this account, make sure to request this during application, as later requests may be denied
  • Choice of monthly or annual interest payments
  • Save up to the annual statutory limit of £20,000 each tax year
  • Withdrawals ahead of term will be subject to a loss of interest penalty

what we like

  • Competitive fixed interest rate
  • Choice of monthly or annual interest payments
  • Tax-free savings up to the current limit of £20,000 each tax year

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum account balance £250,000
  • Highly competitive fixed interest rate
  • If you want to transfer money from an existing ISA into this account, make sure to request this during application, as later requests may be denied
  • Choice of monthly or annual interest payments
  • Save up to the annual statutory limit of £20,000 each tax year
  • Withdrawals ahead of term will be subject to a loss of interest penalty

DISCLAIMER

Show More

Great For: Competitive fixed rate ISA interest

3.5 stars question mark

Post Office Money logo

  • Interest Rate (AER):

    0.35%

  • Account Type:

    2 Year Fixed Rate ISA

  • Account Minimum:

    £500

  • Account Maximum:

    No max

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £500
  • Maximum account balance - no upper limit but you are only protected up to £85,000 under the FSCS
  • Competitive fixed interest rate
  • If you want to transfer money from an existing ISA into this account, make sure to request this during application, as later requests may be denied
  • Interest paid annually in March
  • Save up to the annual statutory limit of £20,000 each tax year
  • Withdrawals ahead of term will be subject to a loss of interest penalty

what we like

  • Competitive fixed interest rate
  • No upper limit for ISA transfers
  • Tax-free savings up to the current limit of £20,000 each tax year

WHAT YOU NEED TO KNOW

  • Minimum deposit £500
  • Maximum account balance - no upper limit but you are only protected up to £85,000 under the FSCS
  • Competitive fixed interest rate
  • If you want to transfer money from an existing ISA into this account, make sure to request this during application, as later requests may be denied
  • Interest paid annually in March
  • Save up to the annual statutory limit of £20,000 each tax year
  • Withdrawals ahead of term will be subject to a loss of interest penalty

DISCLAIMER

Show More