What interest rate does the Lloyds Bank 2 Year Fixed Rate Cash ISA pay?

The Lloyds Bank 2 Year Fixed Rate Cash ISA pays 4.10% AER fixed.

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.

Can I withdraw my money?

No. Withdrawals aren't allowed until the account matures.

When is interest paid?

You can choose to have interest paid monthly or annually.

Who can open this account?

New and existing Lloyds Bank 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.

Can I transfer an existing ISA in?

Yes, transfers in from other ISAs are accepted.

How does it compare with other two-year cash ISAs?

At 4.10% AER it ranks 36th of 44 two-year cash ISAs we track. The best pays 5.05% and the average is 4.50%.

Dashboard

Cash ISA

Lloyds Bank 2 Year Fixed Rate Cash ISA Review

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

No limit

Access

At maturity only

Interest paid

Monthly/Annually

Transfers in

Accepted

Lloyds Bank is also paying £200 to switch your current account. Offer ends 9 December 2026.

See the switch offer

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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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
Con: Not flexible: money you withdraw can't be replaced without using more allowance

Good to Know

Any money you move into an account that isn't an ISA will lose its tax-free status.

Please verify all details with the provider – see our Disclaimer

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Estimated returns with Lloyds Bank's Cash ISA

What you could earn with Lloyds Bank's 2 Year Fixed Rate Cash ISA.

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

£50,000 saved

£4,184

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 Lloyds Bank 2 Year Fixed Rate Cash ISA

Jonny PeaseCo-Founder, DepositScout

Lloyds Bank's 2 Year Fixed Rate Cash ISA pays 4.10%, which sits below the market average for cash ISAs and 1.02% behind the category leader at 5.12%, so it is hard to recommend on rate alone. It does beat August 2026 CPI inflation of 3.1% by 1.00%, which is something, but you need at least £500 to open it and your money is locked for two years. Early closure costs you 180 days' tax-free interest, meaning you could get back less than you deposited.

Compare Cash ISAs