Fixed Rate

Recognise Bank 2 Year Fixed Rate Account Review

A competitive two-year fixed rate bond from Recognise Bank, with a £1,000 minimum deposit. It ranks 15th of 63 two-year fixed rate bonds we track.

Fixed rate · 2 years

4.86%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1,000

Max balance

£250,000

Access

At maturity only

Interest paid

Annually

How It Stacks Up

Ranks 15th of 63

2-year fixed bonds we track

Above average
This account 4.86%
UK CPI (Aug 2026)
3.10%
Pays 1.76% more
Average 2-year fixed
4.61%
Pays 0.25% more
Best 2-year fixed
5.16%
Pays 0.30% less

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

Compare fixed bonds

A Good Fit For

  • Pro: New and existing savers

Worth Weighing Up

  • Con: Your money is locked in for 2 years
  • Con: You need at least £1,000 to open it

Good to Know

Unlimited deposits can be made within the first 14 days from application (up to the maximum account balance allowed of £1m) but the first deposit must be for a minimum of £1,000.

Please verify all details with the provider – see our Disclaimer

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Estimated returns with Recognise Bank's Fixed Rate

What you could earn with Recognise Bank's 2 Year Fixed Rate Account.

Estimated interest

£1,000 saved

£99.56

At 4.86% AER

£5,000 saved

£498

At 4.86% AER

£10,000 saved

£996

At 4.86% AER

£250,000 saved

£24,890

At 4.86% 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 Recognise Bank 2 Year Fixed Rate Account

Jan WatermannCo-Founder, DepositScout

Recognise Bank's 2 Year Fixed Rate Account pays 4.86%, which sits below the market average for fixed-rate accounts and 0.49% behind the current leader at 5.35%, so it is not the sharpest option available. That said, 4.86% does beat August 2026 CPI of 3.1% by 1.76%, meaning your money grows in real terms. The main catch is that access is completely locked until maturity, so only commit funds you will not need for two years. If you want a similar term at a slightly better rate, Shawbrook's 2 Year Fixed Rate Bond at 4.96% is worth a look.

Compare Fixed Rate Bonds

2 alternatives to Recognise Bank's 2 Year Fixed Rate Account

Same type of account, closest on rate.

Common questions about the 2 Year Fixed Rate Account

D

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