What interest rate does the Bank of Scotland Fixed Rate Bond 2 Year pay?

The Bank of Scotland Fixed Rate Bond 2 Year pays 4.10% AER, fixed for 2 years.

How much interest could I earn?

Saving £10,000 for 2 years would earn about £837 at 4.10% AER. This assumes the rate stays the same and interest stays in the account.

How much can I pay in?

You can deposit at least £500 and up to £9,000,000.

Can I withdraw my money?

No. Your money is locked in until the fixed term ends, so only put in what you won't need before then.

When is interest paid?

You can choose to have interest paid monthly or annually.

Who can open this account?

New and existing Bank of Scotland customers can open it. You can open it online, in branch, in the app or by phone.

Is my money protected?

Yes. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking licence.

How does it compare with other two-year fixed rate bonds?

At 4.10% AER it ranks 59th of 63 two-year fixed rate bonds we track. The best pays 5.16% and the average is 4.61%.

Dashboard

Fixed Rate

Bank of Scotland Fixed Rate Bond 2 Year Review

A two-year fixed rate bond from Bank of Scotland. It ranks 59th of 63 two-year fixed rate bonds we track.

Rate checked Oct 2026Got this account? Leave a review

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

£9,000,000

Access

At maturity only

Interest paid

Monthly/Annually

How It Stacks Up

Ranks 59th of 63

2-year fixed bonds we track

Well below average

This account 4.10%

UK CPI (Aug 2026): 3.10%; Pays 1.00% more
Average 2-year fixed: 4.61%; Pays 0.51% less
Best 2-year fixed: 5.16%; Pays 1.06% less

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

Compare fixed bonds

A Good Fit For

Pro: New and existing savers
Pro: Savers who want a monthly income

Worth Weighing Up

Con: Your money is locked in for 2 years

Good to Know

You have to make your initial deposit within 10 days of opening the account.

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Estimated returns with Bank of Scotland's Fixed Rate

What you could earn with Bank of Scotland's Fixed Rate Bond 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

£9,000,000 saved

£753,129

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.

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

Our Expert Opinion on Bank of Scotland Fixed Rate Bond 2 Year

Jan WatermannCo-Founder, DepositScout

Bank of Scotland's Fixed Rate Bond pays 4.10% for two years, which sits below the market average for fixed-rate savings and 1.25% behind the category leader at 5.35%. It does beat August 2026 CPI of 3.1% by 1.00%, so your money grows in real terms, but savers who shop around can do meaningfully better - Kent Reliance's 2 Year Fixed Rate Bond offers 4.91%, for instance. The main catch is the early-closure penalty of 180 days' gross interest, which could leave you with less than you deposited if you need the money before the two years are up.

Compare Fixed Rate Bonds