Fixed Rate

Nottingham Building Society 2 Year Fixed Rate Bond Review

A two-year fixed rate bond from Nottingham Building Society, running for 22 months. It ranks 25th of 63 two-year fixed rate bonds we track.

Fixed rate · 22 months

4.70%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

£750,000

Access

At maturity only

Interest paid

Annually

How It Stacks Up

Ranks 25th of 63

2-year fixed bonds we track

Just above average
This account 4.70%
UK CPI (Aug 2026)
3.10%
Pays 1.60% more
Average 2-year fixed
4.61%
Pays 0.09% more
Best 2-year fixed
5.16%
Pays 0.46% 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 22 months

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Estimated returns with Nottingham Building Society's Fixed Rate

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

Estimated interest

£1,000 saved

£87.85

At 4.7% AER

£5,000 saved

£439

At 4.7% AER

£10,000 saved

£878

At 4.7% AER

£750,000 saved

£65,887

At 4.7% AER

Estimated over the 22-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 Nottingham Building Society 2 Year Fixed Rate Bond

Jan WatermannCo-Founder, DepositScout

Nottingham Building Society's 2 Year Fixed Rate Bond pays 4.70%, which sits below the market average for fixed-rate accounts and 0.65% behind the current market leader at 5.35%, so this is not where I would start my search. That said, 4.70% does beat August 2026 CPI of 3.1% by 1.60%, meaning your money grows in real terms. The genuine catch is the complete lock-in until 30 August 2028 with no access whatsoever, and with a minimum of just £1 it is open to almost anyone. I would look at Kent Reliance's 2 Year Fixed Rate Bond at 4.91% first.

Compare Fixed Rate Bonds

2 alternatives to Nottingham Building Society'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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