Shawbrook 2 Year Fixed Rate Bond Review4.96% AER (Sep 2026)

Fixed Rate from Shawbrook

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Protection

FSCS

Up to £120,000

Min balance

£1,000

Max balance

£2,000,000

Access

No access until maturity

Interest paid

Monthly/
Annually

Who Is This For

Learn more about Shawbrook

Savers happy with a £2,000,000 cap
Savers who can deposit at least £1,000
Savers who can lock money away for 2 Years

Additional Info

If you take out a 2 Year Bond and opt for interest to be paid annually, your interest will be credited on the anniversary and at closure of the account. If the anniversary falls on a weekend or a bank holiday your interest will be credited on the next working day.

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Calculate your tax liability for this accountSee what you might pay on the interest from Shawbrook's 2 Year Fixed Rate Bond.

Estimated returns with Shawbrook's Fixed Rate

Want to know how much interest you will receive with Shawbrook's 2 Year Fixed Rate Bond?

Estimated interest

£1,000 saved

£102

At 4.96% AER

£5,000 saved

£508

At 4.96% AER

£10,000 saved

£1,017

At 4.96% AER

£2,000,000 saved

£203,320

At 4.96% AER

Estimated over the 24-month term, assuming the rate stays the same and interest stays in the account. Amounts outside this account's minimum or maximum balance are left out.

Our Expert Opinion on Shawbrook 2 Year Fixed Rate Bond

Shawbrook's 2 Year Fixed Rate Bond at 4.96% is a solid pick for savers who have at least £1,000 sitting idle and want a predictable return over a defined period, with the flexibility of choosing monthly or annual interest payments. The main catch is straightforward: your money is completely locked away for two years with no access until maturity, so only commit funds you genuinely will not need. If you want to squeeze out a little more, I would still check Close Brothers Savings, which is currently offering 5.02% on the same two-year term.
Jonny Pease (Co-Founder)DepositScout