Fixed Rate

Afin Bank 2-Year Fixed Term Account Review

A two-year fixed rate bond from Afin Bank, with a £1,000 minimum deposit. It ranks 25th of 63 two-year fixed rate bonds we track.

Fixed rate · 2 years

4.70%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1,000

Max balance

£200,000

Access

At maturity only

Interest paid

Annually

How It Stacks Up

Ranks 25th of 63

2-year fixed bonds we track

Just above average
This account 4.70%
UK CPI (Aug 2026)
3.10%
Pays 1.60% more
Average 2-year fixed
4.61%
Pays 0.09% more
Best 2-year fixed
5.16%
Pays 0.46% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

Compare fixed bonds

A Good Fit For

  • Pro: New and existing savers

Worth Weighing Up

  • Con: Your money is locked in for 2 years
  • Con: You need at least £1,000 to open it

Good to Know

You can choose to have interest paid into your Savings Account or Nominated Bank Account.

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Estimated returns with Afin Bank's Fixed Rate

What you could earn with Afin Bank's 2-Year Fixed Term Account.

Estimated interest

£1,000 saved

£96.21

At 4.7% AER

£5,000 saved

£481

At 4.7% AER

£10,000 saved

£962

At 4.7% AER

£200,000 saved

£19,242

At 4.7% AER

Estimated over the 24-month term, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Afin Bank 2-Year Fixed Term Account

Jan WatermannCo-Founder, DepositScout

Afin Bank's 2-Year Fixed Term Account pays 4.70%, which beats August 2026 CPI of 3.1% by 1.60%, so your money does grow in real terms, but the rate sits below the market average for fixed-rate accounts and is 0.65% behind the current leader at 5.35%. If you want a two-year fix specifically, Kent Reliance's 2 Year Fixed Rate Bond is available at 4.91%, which is worth a look. The main catch here is the usual one for fixed bonds: your money is locked away until maturity, with no access at all during the two years.

2 alternatives to Afin Bank's 2-Year Fixed Term Account

Same type of account, closest on rate.

Common questions about the 2-Year Fixed Term Account

D

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