What interest rate does the Cahoot 2 Year Fixed Rate Bond pay?

The Cahoot 2 Year Fixed Rate Bond pays 4.20% AER, fixed for 2 years.

How much interest could I earn?

Saving £10,000 for 2 years would earn about £858 at 4.20% 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 £2,000,000.

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 Cahoot customers can open it. You can open it online or by post.

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 4.20% AER it ranks 55th of 64 two-year fixed rate bonds we track. The best pays 5.16% and the average is 4.62%.

Dashboard

Fixed Rate

Cahoot 2 Year Fixed Rate Bond Review

A two-year fixed rate bond from Cahoot. It ranks 55th of 64 two-year fixed rate bonds we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 2 years

4.20%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£500

Max balance

£2,000,000

Access

At maturity only

Interest paid

Monthly/Annually

How It Stacks Up

Ranks 55th of 64

2-year fixed bonds we track

Below average

This account 4.20%

UK CPI (Aug 2026): 3.10%; Pays 1.10% more
Average 2-year fixed: 4.62%; Pays 0.42% less
Best 2-year fixed: 5.16%; Pays 0.96% 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

Please verify all details with the provider – see our Disclaimer

See all Cahoot accounts

Estimated returns with Cahoot's Fixed Rate

What you could earn with Cahoot's 2 Year Fixed Rate Bond.

Estimated interest

£1,000 saved

£85.76

At 4.2% AER

£5,000 saved

£429

At 4.2% AER

£10,000 saved

£858

At 4.2% AER

£2,000,000 saved

£171,528

At 4.2% 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 Cahoot 2 Year Fixed Rate Bond

Jonny PeaseCo-Founder, DepositScout

Cahoot's 2 Year Fixed Rate Bond pays 4.20%, which sits below the market average for fixed-rate savings and 1.15% behind the current market leader at 5.35%, so I would shop around before committing. Alternatives worth a look include Shawbrook's 2 Year Fixed Rate Bond at 4.96% and Kent Reliance at 4.91%, both of which offer meaningfully more over the same term. The rate does beat August 2026 CPI of 3.1% by 1.10%, so your money grows in real terms, but the key catch is that no withdrawals or closures are permitted during the 24 months.

Compare Fixed Rate Bonds