Cash ISA

Metro Bank Fixed Rate Cash ISA (2 Year) Review

A two-year cash ISA from Metro Bank. It ranks 44th of 44 two-year cash ISAs we track.

Fixed rate · 2 years

3.60%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

No limit

Access

At maturity only

Interest paid

Annually

Transfers in

Accepted

How It Stacks Up

Ranks 44th of 44

2-year cash ISAs we track

Well below average
This account 3.60%
UK CPI (Aug 2026)
3.10%
Pays 0.50% more
Average 2-year cash ISA
4.50%
Pays 0.90% less
Best 2-year cash ISA
5.05%
Pays 1.45% less

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

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Pros and cons

  • Pro: New and existing savers
  • Con: Your money is locked in for 2 years

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Estimated returns with Metro Bank's Cash ISA

What you could earn with Metro Bank's Fixed Rate Cash ISA (2 Year).

Estimated interest

£1,000 saved

£73.30

At 3.6% AER

£5,000 saved

£366

At 3.6% AER

£10,000 saved

£733

At 3.6% AER

£50,000 saved

£3,665

At 3.6% 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 Metro Bank Fixed Rate Cash ISA (2 Year)

Jan WatermannCo-Founder, DepositScout

Metro Bank's two-year fixed cash ISA pays 3.60%, which sits below the market average for cash ISAs and 1.52% behind the category leader at 5.12%, so this is not a rate I would prioritise. It does at least beat August 2026 CPI of 3.1% by 0.50%, meaning your money grows in real terms, but only just. The real catch is the total lock-in: no access until maturity, so it suits savers who are certain they will not need the funds for two years. If you want ISA flexibility, Moneybox's Open Access Cash ISA currently offers 3.80% with easier access.

Compare Cash ISAs

2 alternatives to Metro Bank's Fixed Rate Cash ISA (2 Year)

Same type of account, closest on rate.

Common questions about the Fixed Rate Cash ISA (2 Year)

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