thisbank 2-Year Fixed Term Deposit Review5.00% AER (Sep 2026)

Fixed Rate from thisbank

Already got this account?Leave a review to help other savers

Protection

FSCS

Up to £120,000

Min balance

£100

Max balance

£500,000

Access

No access until maturity

Interest paid

Anniversary

Who Is This For

Learn more about thisbank

New and existing savers
Savers happy with a £500,000 cap
Savers who can lock money away for 2 Years

Additional Info

To open this account you must provide a UK bank account in your name and registered at your address – this will be your Nominated Account. Thisbank will use Open Banking to verify your Nominated Account details and your Nominated Account will be the only bank account that you can use to send money in and out of. You can only make a maximum of 11 deposits of up to £500,000 from your Nominated Account within 14 days of submitting your application.

Please verify all details with the provider – for more info read our Disclaimer

Calculate your tax liability for this accountSee what you might pay on the interest from thisbank's 2-Year Fixed Term Deposit.

Estimated returns with thisbank's Fixed Rate

Want to know how much interest you will receive with thisbank's 2-Year Fixed Term Deposit?

Estimated interest

£1,000 saved

£103

At 5% AER

£5,000 saved

£513

At 5% AER

£10,000 saved

£1,025

At 5% AER

£500,000 saved

£51,250

At 5% 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 thisbank 2-Year Fixed Term Deposit

Thisbank's 2-Year Fixed Term Deposit pays 5.00% and is a solid choice for anyone who can set aside between £100 and £500,000 and genuinely does not need to touch it for two years. The low minimum makes it accessible, but the key catch is that there is no access until maturity and interest can only be withdrawn when the account matures, so you cannot draw on it annually even though it is credited on each anniversary. If you want to shop around at this term, OakNorth Bank's Fixed Term 24 Months is currently nudging ahead at 5.03%.
Jonny Pease (Co-Founder)DepositScout