Cash ISACompare 2 Year Fixed Rate Cash ISAs

Progressive Building Society 2 Year Fixed Rate ISA Bond Review

A two-year cash ISA from Progressive Building Society. It ranks 38th of 53 two-year cash ISAs we track.

Fixed rate · 2 years

4.25%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

£20,000

Access

At maturity only

Interest paid

Yearly

Transfers in

Accepted

How It Stacks Up

Ranks 38th of 53

2-year cash ISAs we track

Below average
This account 4.25%
UK CPI (Aug 2026)
3.10%
Pays 1.15% more
Average 2-year cash ISA
4.56%
Pays 0.31% less
Best 2-year cash ISA
5.08%
Pays 0.83% less

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

Compare cash ISAs

A Good Fit For

  • Pro: New and existing savers

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

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Estimated returns with Progressive Building Society's Cash ISA

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

Estimated interest

£1,000 saved

£86.81

At 4.25% AER

£5,000 saved

£434

At 4.25% AER

£10,000 saved

£868

At 4.25% AER

£20,000 saved

£1,736

At 4.25% 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 Progressive Building Society 2 Year Fixed Rate ISA Bond

Jan WatermannCo-Founder, DepositScout

Progressive Building Society's 2 Year Fixed Rate ISA Bond pays 4.25%, which beats August 2026 CPI of 3.1% by 1.15%, so your money does grow in real terms. That said, it sits below the cash ISA market average and 1.00% behind the category leader at 5.25%, so it is not the sharpest rate available. The cap of £20,000 aligns with the annual ISA allowance, and the account accepts transfers in, which is useful if you want to consolidate existing ISAs. The real catch is that access is locked until maturity, so only commit money you are certain you will not need for two years.

Compare Cash ISAs

2 alternatives to Progressive Building Society's 2 Year Fixed Rate ISA Bond

Same type of account, closest on rate.

Common questions about the 2 Year Fixed Rate ISA Bond

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