Fixed Rate

Cynergy Bank 2 Year Fixed Rate Bond Review

A two-year fixed rate bond from Cynergy Bank, with a £1,000 minimum deposit. It ranks 44th of 63 two-year fixed rate bonds we track.

Fixed rate · 2 years

4.40%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1,000

Max balance

£1,000,000

Access

At maturity only

Interest paid

Annually

How It Stacks Up

Ranks 44th of 63

2-year fixed bonds we track

Below average
This account 4.40%
UK CPI (Aug 2026)
3.10%
Pays 1.30% more
Average 2-year fixed
4.61%
Pays 0.21% less
Best 2-year fixed
5.16%
Pays 0.76% less

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

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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

Open online to UK tax residents aged 18+; minimum deposit £1,000, maximum £1,000,000. Existing customers can apply via Fast Track in Online Banking.

Please verify all details with the provider – see our Disclaimer

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Estimated returns with Cynergy Bank's Fixed Rate

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

Estimated interest

£1,000 saved

£89.94

At 4.4% AER

£5,000 saved

£450

At 4.4% AER

£10,000 saved

£899

At 4.4% AER

£1,000,000 saved

£89,936

At 4.4% 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 Cynergy Bank 2 Year Fixed Rate Bond

Jan WatermannCo-Founder, DepositScout

Cynergy Bank's 2 Year Fixed Rate Bond pays 4.40%, which sits below the market average for fixed-rate accounts and 0.95% behind the current leader at 5.35%, so this is not where I would go if rate is your priority. It does beat August 2026 CPI of 3.1% by 1.30%, meaning your money grows in real terms, which is the minimum I would expect. The usual fixed-rate catch applies: no access until maturity, so only commit money you will not need for two years. I would at least compare Kent Reliance's 2 Year Fixed Rate Bond at 4.91% before deciding.

Compare Fixed Rate Bonds

2 alternatives to Cynergy Bank's 2 Year Fixed Rate Bond

Same type of account, closest on rate.

Common questions about the 2 Year Fixed Rate Bond

D

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