What interest rate does the Metro Bank Fixed Term Savings 6 Month pay?

The Metro Bank Fixed Term Savings 6 Month pays 2.01% AER, fixed for 6 months.

How much interest could I earn?

Saving £10,000 for 6 months would earn about £100 at 2.01% 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. 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 at the end of the term.

Who can open this account?

New and existing Metro Bank customers can open it.

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 six-month fixed rate bonds?

At 2.01% AER it ranks 15th of 15 six-month fixed rate bonds we track. The best pays 4.60% and the average is 4.07%.

Dashboard

Fixed Rate

Metro Bank Fixed Term Savings 6 Month Review

A six-month fixed rate bond from Metro Bank. It ranks 15th of 15 six-month fixed rate bonds we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 6 months

2.01%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/On maturity

How It Stacks Up

Ranks 15th of 15

6-month fixed bonds we track

Well below average

This account 2.01%

UK CPI (Aug 2026): 3.10%; Pays 1.09% less
Average 6-month fixed: 4.07%; Pays 2.06% less
Best 6-month fixed: 4.60%; Pays 2.59% 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 6 months

Good to Know

Minimum deposit £500; maximum £2m. Open to UK residents aged 16+ (18+ for online). The 6-month term is available in-store or via Online Banking only - not via the standard online application.

Please verify all details with the provider – see our Disclaimer

See all Metro Bank accounts

Estimated returns with Metro Bank's Fixed Rate

What you could earn with Metro Bank's Fixed Term Savings 6 Month.

Estimated interest

£1,000 saved

£10.00

At 2.01% AER

£5,000 saved

£50.00

At 2.01% AER

£10,000 saved

£100

At 2.01% AER

£50,000 saved

£500

At 2.01% AER

Estimated over the 6-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 Metro Bank Fixed Term Savings 6 Month

Jan WatermannCo-Founder, DepositScout

Metro Bank's six-month fix at 2.01% is below market average and sits 3.34% behind the best rate across fixed-rate accounts at 5.35%, which is a substantial gap to overlook. The rate is also 1.09% below CPI inflation of 3.1% (Aug 2026), meaning your money loses real purchasing power over the term. The genuine catch here is that once the 14-day cooling-off period closes, there is no access whatsoever until maturity, so you are fully locked in. If you want a six-month fix, alternatives like Atom Bank's 6 Month Fixed Saver at 4.55% on a minimum of £500 look far more worthwhile.

Compare Fixed Rate Bonds