Skipton 2 Year Fixed Rate ISA
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
£500.002% fixed
for 2 years
on £500+
FSCSallowed
Aldermore 2 Year Fixed Rate Cash ISA
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
£1,000.001.85% fixed
for 2 years
on £1,000+
FSCSallowed
Halifax 2 Year ISA Saver Fixed
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
£500.001.80% fixed
for 2 years
on £500+
FSCSallowed
No withdrawals allowed except on early closure subject to the loss of 180 days tax-free interest.
Punjab National Bank (International) Ltd 2 Year - < 3 Year Fxd Rate ISA
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
£1,000.002.15% fixed
for 2 years
on £1,000+
FSCSallowed
Available in branch only.
Punjab National Bank (International) Ltd 2 Year - < 3 Year Fxd Rate ISA Maturity
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
£1,000.002.15% fixed
for 2 years
on £1,000+
FSCSallowed
Available in branch only.
Kent Reliance Loyalty Flexible Fxd Rate NISA Two Yr Iss 5 Ex/C
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
£1,000.002.1% fixed
for 2 years
on £1,000+
FSCSallowed
Virgin Fixed Rate Cash ISA Issue 114
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
£1.002.1% fixed
until 15 Nov 2016
on £1+
FSCSallowed
Virgin Fixed Rate e-ISA Issue 93
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
£1.002.1% fixed
until 24 Nov 2016
on £1+
FSCSallowed
Nottingham Building Society Fixed Rate ISA Issue 15
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
£500.002.03% fixed
until 30 Nov 2016
on £500+
FSCSallowed
Available in branch only.
Barclays 2 Year Flexible Cash ISA Issue 4
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
£1.002.02% fixed
for 2 years
on £1+
FSCSallowed
AA 2 Year Fixed Rate ISA
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
£1.002% fixed
for 2 years
on £1+
FSCSallowed
Post Office 2 Year Fixed Rate Cash ISA Issue 13
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
£500.001.95% fixed
for 2 years
on £500+
FSCSallowed
Kent Reliance Flexible Fixed Rate NISA Two Year Issue 19
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
£1,000.001.85% fixed
for 2 years
on £1,000+
FSCSallowed
Newcastle Build. Soc. Member ISA Issue 15 Ex/C
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
£500.001.85% fixed
until 25 Nov 2016
on £500+
-allowed
Saffron Building Society Two Year Fixed Rate Members Cash NISA Ex/C
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
£500.001.85% fixed
for 2 years
on £500+
FSCSnot allowed
Bank of Cyprus UK Loyalty 2 Year Fixed Rate ISA Ex/C
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
£500.001.8% fixed
for 2 years
on £500+
FSCSallowed
This product is only available to existing customers.
Julian Hodge Bank Cash ISA 2 Year
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
£5,000.001.8% fixed
for 2 years
on £5,000+
FSCSallowed
Nationwide 2 Year Fixed Rate ISA
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
£1.001.8% fixed
for 2 years
on £1+
FSCSallowed
Available in branch only.
Triodos Bank Triodos Two Year Fixed Rate ISA
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
£1.001.8% fixed
for 2 years
on £1+
DDGSallowed
Lloyds Bank Two Year Fixed Rate Cash ISA
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
£3,000.001.75% fixed
for 2 years
on £20,000+
FSCSallowed

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How to Compare 2 Year Fixed Rate ISAs

by Hannah from money.co.uk

Find out how to secure the best tax-free returns possible with a 2 year fixed rate ISA.

Woman White Laptop

Banks and other ISA providers generally offer higher interest rates on their 2 year fixed ISA savings accounts than are available on 1 year and instant access cash ISAs. This is to compensate for the fact that you're forgoing access to your money during that time.

When you compare 2 year fixed rate ISAs you should focus on the rate of interest available on the deposit balance you have.

Remember that when you opt for a fixed rate ISA, you want 2 year ISA rates that are likely to remain competitive relative to the other options available throughout the term of the ISA so choosing the best account you can is a must.

Of course, it is impossible for anyone to accurately predict what the market rate would be after 6 months. However, going with the provider offering the best 2 year ISA rates means your opportunity cost will not be as high as what you would have incurred if you went for a lower interest rate provider.

To pick out the best deals, establish what the minimum deposit requirement for each account is. The amount you have available to save will determine which deposit limit will be most practical for you.

Many 2 year ISA bonds require a 500 deposit as a minimum but you will find a few exceptions that fall on either side of that figure.

You also need to check whether the advertised rate of interest paid on the account applies to all balances, or only to balances in excess of a certain amount. It's important that you choose an account that will pay a competitive rate of interest on the amount that you have to save.

In the case that you already have one or more cash ISAs and would want to transfer them to your new account, you need the best 2 year fixed rate ISA accounts that allow incoming transfers.

You should also check whether the account permits withdrawals at all during the account term and if so the extent of the withdrawal penalty - it is likely to be around 90 days or 180 days worth of interest.

As such you should only open a 2 year fixed term ISA if you are sure you can commit to investing your money for the duration of the term. If there's any chance that unexpected circumstances may push you to early withdrawal then consider a shorter term account or opt for an account that allows early closure subject to the smallest penalty possible.

Do not forget to transfer the account balance to a new ISA at the end of the 2 years. If you do not, the cash continues to earn interest but at a significantly lower rate.