Cash ISA

Bank of Scotland Fixed Cash ISA 2 Year Review

A two-year cash ISA from Bank of Scotland. It ranks 36th of 44 two-year cash ISAs we track.

Fixed rate · 2 years

4.10%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£500

Max balance

£20,000

Access

2 Years

Interest paid

Annually

Transfers in

Accepted

How It Stacks Up

Ranks 36th of 44

2-year cash ISAs we track

Below average
This account 4.10%
UK CPI (Aug 2026)
3.10%
Pays 1.00% more
Average 2-year cash ISA
4.50%
Pays 0.40% less
Best 2-year cash ISA
5.05%
Pays 0.95% less

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

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Pros and cons

  • Pro: New and existing savers
  • Con: Not flexible: money you withdraw can't be replaced without using more allowance

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Estimated returns with Bank of Scotland's Cash ISA

What you could earn with Bank of Scotland's Fixed Cash ISA 2 Year.

Estimated interest

£1,000 saved

£83.68

At 4.1% AER

£5,000 saved

£418

At 4.1% AER

£10,000 saved

£837

At 4.1% AER

£20,000 saved

£1,674

At 4.1% 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.

Our Expert Opinion on Bank of Scotland Fixed Cash ISA 2 Year

Jan WatermannCo-Founder, DepositScout

Bank of Scotland's Fixed Cash ISA pays 4.10% for two years, which is below the market average for Cash ISAs and 1.02% behind the category leader at 5.12%. The rate does beat August 2026 CPI by 1.00%, so you get a real return, but I would look at Cynergy Bank's Online ISA at 4.15% before committing here. The main catch is the early exit penalty: 180 days' tax-free interest, which can eat into your original £500 minimum balance if you haven't accrued enough yet.

Compare Cash ISAs

2 alternatives to Bank of Scotland's Fixed Cash ISA 2 Year

Same type of account, closest on rate.

Common questions about the Fixed Cash ISA 2 Year

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