Fixed Rate

TSB 2 Year Fixed Bond Review

A competitive two-year fixed rate bond from TSB. It ranks 20th of 63 two-year fixed rate bonds we track.

Fixed rate · 2 years

4.75%AER

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/Annually

How It Stacks Up

Ranks 20th of 63

2-year fixed bonds we track

Above average
This account 4.75%
UK CPI (Aug 2026)
3.10%
Pays 1.65% more
Average 2-year fixed
4.61%
Pays 0.14% more
Best 2-year fixed
5.16%
Pays 0.41% 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

Open to UK residents aged 16 or over; minimum £1 deposit required within 10 working days of opening, up to a £1,000,000 maximum. Can be opened online, in-app (existing customers) or in branch; held in sole or joint names.

Please verify all details with the provider – see our Disclaimer

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Estimated returns with TSB's Fixed Rate

What you could earn with TSB's 2 Year Fixed Bond.

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

£50,000 saved

£4,863

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.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on TSB 2 Year Fixed Bond

Jonny PeaseCo-Founder, DepositScout

TSB's 2 Year Fixed Bond pays 4.75%, which sits below the market average for fixed-rate accounts and 0.60% behind the best available rate of 5.35% across that category. It does beat inflation by 1.65 percentage points against the August 2026 CPI figure of 3.1%, so your money is growing in real terms, but savers who shop around can do better: Kent Reliance's 2 Year Fixed Rate Bond offers 4.91% for the same term. The key catch is that no withdrawals or early closure are permitted during the two years, except on death, so only commit money you genuinely will not need.

2 alternatives to TSB's 2 Year Fixed Bond

Same type of account, closest on rate.

Common questions about the 2 Year Fixed Bond

D

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4.20% AER
4.75%
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