What interest rate does the Leek Building Society 2 Year Fixed Rate Bond pay?

The Leek Building Society 2 Year Fixed Rate Bond pays 4.55% AER, fixed for 2 years.

How much interest could I earn?

Saving £10,000 for 2 years would earn about £931 at 4.55% AER. This assumes the rate stays the same and interest stays in the account.

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?

It's only open to people who are new to Leek Building Society. You can open it online, in branch 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 4.55% AER it ranks 33rd of 63 two-year fixed rate bonds we track. The best pays 5.16% and the average is 4.61%.

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Fixed RateAvailable to new customers

Leek Building Society 2 Year Fixed Rate Bond Review

A two-year fixed rate bond from Leek Building Society. It ranks 33rd of 63 two-year fixed rate bonds we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 2 years

4.55%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£0

Max balance

No limit

Access

At maturity only

Interest paid

Monthly/Annually

How It Stacks Up

Ranks 33rd of 63

2-year fixed bonds we track

Just below average

This account 4.55%

UK CPI (Aug 2026): 3.10%; Pays 1.45% more
Average 2-year fixed: 4.61%; Pays 0.06% less
Best 2-year fixed: 5.16%; Pays 0.61% less

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

Compare fixed bonds

A Good Fit For

Pro: Savers who want a monthly income

Worth Weighing Up

Con: Your money is locked in for 2 years
Con: Only open to people new to Leek Building Society

Good to Know

You must fund this account within 14 calendar days of opening it. After this period, you won’t be able to pay any additional money in.

Please verify all details with the provider – see our Disclaimer

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Estimated returns with Leek Building Society's Fixed Rate

What you could earn with Leek Building Society's 2 Year Fixed Rate Bond.

Estimated interest

£1,000 saved

£93.07

At 4.55% AER

£5,000 saved

£465

At 4.55% AER

£10,000 saved

£931

At 4.55% AER

£50,000 saved

£4,654

At 4.55% 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 Leek Building Society 2 Year Fixed Rate Bond

Jan WatermannCo-Founder, DepositScout

Leek Building Society's 2 Year Fixed Rate Bond pays 4.55%, which sits below the market average for fixed-rate accounts and 0.80% behind the current market leader at 5.35%, so I would shop around before committing. That said, the rate does beat August 2026 CPI inflation of 3.1% by 1.45%, so your money is at least growing in real terms. The main catch is the usual one for fixed bonds: no access until maturity, so only lock away money you genuinely will not need for two years. Shawbrook's 2 Year Fixed Rate Bond at 4.96% is worth a look as a closer alternative.

Compare Fixed Rate Bonds