Aldermore 2 Year Fixed Rate Cash ISA
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
Fixed Term£1,0002% fixed
for 2 years
FSCSallowed
 
Halifax 2 Year ISA Saver Fixed
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
Fixed Term£5001.80% fixed
for 2 years
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
Fixed Term£1,0002.15% fixed
for 2 years
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
Fixed Term£1,0002.15% fixed
for 2 years
FSCSallowed
Available in branch only.
 
Kent Reliance Flexible Fixed Rate NISA Two Year Issue 16
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
Fixed Term£1,0002.1% fixed
for 2 years
FSCSallowed
 
Kent Reliance Loyalty Flexible Fxd Rate NISA Two Yr Iss 5 Ex/C
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
Fixed Term£1,0002.1% fixed
for 2 years
FSCSallowed
 
Cheshire 2 Year Fixed Rate Cash ISA
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
Fixed Term£1002.05% fixed
for 2 years
FSCSallowed
Available in branch only.
 
Derbyshire Building Society Fixed Rate Cash ISA (Issue 87)
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
Fixed Term£1002.05% fixed
until 30 Sep 2016
FSCSallowed
Available in branch only.
 
Nationwide 2 Year Fixed Rate ISA
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
Fixed Term£12.05% fixed
for 2 years
FSCSallowed
Available in branch only.
 
Barclays 2 Year Flexible Cash ISA Issue 4
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
Fixed Term£12.02% fixed
for 2 years
FSCSallowed
 
AA 2 Year Fixed Rate ISA
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
Fixed Term£12% fixed
for 2 years
-allowed
 
Bank of Cyprus UK Loyalty 2 Year Fixed Rate ISA Ex/C
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
Fixed Term£5002% fixed
for 2 years
FSCSallowed
This product is only available to existing customers.
 
Leeds Building Society 2 Year Fixed Rate ISA Issue 56
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
Fixed Term£1002% fixed
for 2 years (31 Aug 2016)
FSCSallowed
 
Santander 2 Year Fixed Rate ISA (123) Ex/C
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
Fixed Term£5002% fixed
for 2 years (01 Aug 2016)
FSCSallowed
 
Bank of Cyprus UK 2 Year Fixed Rate ISA
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
Fixed Term£5001.9% fixed
for 2 years
FSCSallowed
 
Principality Building Society 2 Year Fixed Rate Cash ISA Issue 127
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
Fixed Term£5001.85% fixed
for 2 years
FSCSallowed
 
Saffron Building Society Two Year Fixed Rate Members Cash NISA Ex/C
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
Fixed Term£5001.85% fixed
for 2 years
FSCSnot allowed
 
Britannia Fixed Rate Cash ISA to 31/07/2016
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
Fixed Term£15,0001.8% fixed
until 31 Jul 2016
FSCSallowed
Available in branch only.
 
Julian Hodge Bank Cash ISA 2 Year
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
Fixed Term£5,0001.8% fixed
for 2 years
FSCSallowed
 
Skipton 2 Year Fixed Rate ISA to 10/08/2016
Open WithInterest Rate (AER)Protection SchemeISA Transfers In
Fixed Term£5001.8% fixed
for 2 years (10 Aug 2016)
FSCSallowed
 

We provide an independent comparison service free of charge but we may receive a commission from some of the companies we refer you to. These are indicated with purple buttons.

Free Brochures & Guides

How to Compare 2 Year Fixed Rate ISAs

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 2 year fixed rate ISA 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 2 year ISA 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.

Savings Comparison

View all savings reviews.