Fixed Rate

Royal Bank of Scotland Fixed Term Savings 2 Year Review

A two-year fixed rate bond from Royal Bank of Scotland. It ranks 56th of 63 two-year fixed rate bonds we track.

Fixed rate · 2 years

4.15%AER

Up to 4.25% on some tiers

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

Monthly

Royal Bank of Scotland is also paying up to £500 to switch your current account.

See the switch offer

Rate Tiers

£1 – £99,999

4.15%AER

£100,000 – £3,000,000

4.25%AER

How It Stacks Up

Ranks 56th of 63

2-year fixed bonds we track

Below average
This account 4.15%
UK CPI (Aug 2026)
3.10%
Pays 1.05% more
Average 2-year fixed
4.61%
Pays 0.46% less
Best 2-year fixed
5.16%
Pays 1.01% 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 2 years

Good to Know

Early closure charges

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Estimated returns with Royal Bank of Scotland's Fixed Rate

What you could earn with Royal Bank of Scotland's Fixed Term Savings 2 Year.

Estimated interest

£1,000 saved

£84.72

At 4.15% AER

£5,000 saved

£424

At 4.15% AER

£10,000 saved

£847

At 4.15% AER

£50,000 saved

£4,236

At 4.15% 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 Royal Bank of Scotland Fixed Term Savings 2 Year

Jan WatermannCo-Founder, DepositScout

Royal Bank of Scotland's Fixed Term Savings 2 Year pays 4.15% on balances up to £99,999, rising to 4.25% for £100,000 to £3,000,000, and it does at least beat August 2026 CPI of 3.1% by 1.05%. That said, it sits below the market average for fixed-rate accounts, trailing the category leader by 1.20%. The real catch is no access until maturity and no partial withdrawals, so it suits patient savers only. Kent Reliance's 2 Year Fixed Rate Bond at 4.91% is worth a look first.

Compare Fixed Rate Bonds

2 alternatives to Royal Bank of Scotland's Fixed Term Savings 2 Year

Same type of account, closest on rate.

Common questions about the Fixed Term Savings 2 Year

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