Cash ISACompare 2 Year Fixed Rate Cash ISAs

Scottish Building Society 2 Year Fixed Rate ISA Review

A competitive two-year cash ISA from Scottish Building Society. It ranks 22nd of 53 two-year cash ISAs we track.

Fixed rate · 2 years

4.75%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£500

Max balance

£20,000

Access

No withdrawals without penalty

Interest paid

Yearly

Transfers in

Accepted

How It Stacks Up

Ranks 22nd of 53

2-year cash ISAs we track

Above average
This account 4.75%
UK CPI (Aug 2026)
3.10%
Pays 1.65% more
Average 2-year cash ISA
4.56%
Pays 0.19% more
Best 2-year cash ISA
5.08%
Pays 0.33% less

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

Compare cash ISAs

Pros and cons

  • Pro: New and existing savers
  • Con: Not flexible: money you withdraw can't be replaced without using more allowance

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Estimated returns with Scottish Building Society's Cash ISA

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

Estimated interest

£1,000 saved

£97.26

At 4.75% AER

£5,000 saved

£486

At 4.75% AER

£10,000 saved

£973

At 4.75% AER

£20,000 saved

£1,945

At 4.75% 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 Scottish Building Society 2 Year Fixed Rate ISA

Jan WatermannCo-Founder, DepositScout

Scottish Building Society's 2 Year Fixed Rate ISA pays 4.75%, which sits above the Cash ISA market average but is 0.50% behind the category leader at 5.25%. At 1.65% above CPI inflation of 3.1%, it does at least offer a real return. The main catch is that no withdrawals are permitted without penalty, so your money is locked for two years. If you want a slightly better fixed ISA rate, Buckinghamshire Building Society has a comparable account at 4.87%, though the minimum here is just £500.

Compare Cash ISAs

2 alternatives to Scottish Building Society's 2 Year Fixed Rate ISA

Same type of account, closest on rate.

Common questions about the 2 Year Fixed Rate ISA

D

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