Fixed RateCompare 2 Year Fixed Rate Bonds

Nationwide 2 Year Fixed Rate Bond Review

A two-year fixed rate bond from Nationwide. It ranks 38th of 73 two-year fixed rate bonds we track.

Fixed rate · 2 years

4.55%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

£5,000,000

Access

At maturity only

Interest paid

Annually

Nationwide is also paying £175 to switch your current account.

See the switch offer

How It Stacks Up

Ranks 38th of 73

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
4.63%
Pays 0.08% less
Best 2-year fixed
5.20%
Pays 0.65% less

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

Compare fixed bonds

Pros and cons

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

Good to Know

No withdrawals are permitted once the 14-day cancellation period ends.

Please verify all details with the provider – see our Disclaimer

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Estimated returns with Nationwide's Fixed Rate

What you could earn with Nationwide'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

£5,000,000 saved

£465,351

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 Nationwide 2 Year Fixed Rate Bond

Jonny PeaseCo-Founder, DepositScout

Nationwide's 2 Year Fixed Rate Bond pays 4.55%, which does beat August 2026 CPI of 3.1% by 1.45%, but it sits below the market average for fixed-rate accounts and trails the category leader by 0.82%, where the best available rate across fixed-rate terms is 5.37%. If you want to stay with a familiar high-street name and can lock away up to £5,000,000 for two years without touching it, this works, but I would still check OakNorth Bank or Shawbrook, both offering 4.85% over the same 24-month term.

Compare Fixed Rate Bonds

2 alternatives to Nationwide'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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