What interest rate does the Vanquis Bank 2 Year Fixed Rate Cash ISA pay?

The Vanquis Bank 2 Year Fixed Rate Cash ISA pays 5.07% AER fixed.

How much interest could I earn?

Saving £10,000 for 2 years would earn about £1,040 at 5.07% AER. This assumes the rate stays the same and interest stays in the account.

How much can I pay in?

You can deposit at least £1,000 and up to £20,000.

Can I withdraw my money?

No. Withdrawals aren't allowed until the account matures.

When is interest paid?

Interest is paid on each anniversary of opening.

Who can open this account?

New and existing Vanquis Bank customers can open it. You can open it online, by post or by phone.

Is my money protected?

Yes. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking licence.

Can I transfer an existing ISA in?

Yes, transfers in from other ISAs are accepted.

How does it compare with other two-year cash ISAs?

At 5.07% AER it ranks 3rd of 54 two-year cash ISAs we track. The best pays 5.10% and the average is 4.59%.

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Cash ISA Compare 2 Year Fixed Rate Cash ISAs

Vanquis Bank 2 Year Fixed Rate Cash ISA Review

One of the best-paying two-year cash ISAs, from Vanquis Bank, with a £1,000 minimum deposit. It ranks 3rd of 54 two-year cash ISAs we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 2 years

5.07%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1,000

Max balance

£20,000

Access

At maturity only

Interest paid

Anniversary

Transfers in

Accepted

How It Stacks Up

Ranks 3rd of 54

2-year cash ISAs we track

Among the best

This account 5.07%

UK CPI (Aug 2026): 3.10%; Pays 1.97% more
Average 2-year cash ISA: 4.59%; Pays 0.48% more
Best 2-year cash ISA: 5.10%; About the same

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

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A Good Fit For

Pro: New and existing savers
Pro: Flexible: take money out and put it back in the same tax year without using more allowance

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

All payments into your account need to be made within 30 days of us receiving your application.

Please verify all details with the provider – see our Disclaimer

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Estimated returns with Vanquis Bank's Cash ISA

What you could earn with Vanquis Bank's 2 Year Fixed Rate Cash ISA.

Estimated interest

£1,000 saved

£104

At 5.07% AER

£5,000 saved

£520

At 5.07% AER

£10,000 saved

£1,040

At 5.07% AER

£20,000 saved

£2,079

At 5.07% 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 Vanquis Bank 2 Year Fixed Rate Cash ISA

Jonny PeaseCo-Founder, DepositScout

Vanquis Bank's 2 Year Fixed Rate Cash ISA pays 5.07%, which is above the cash ISA market average but 0.18% behind the category leader at 5.25%. At 1.97% above August 2026 CPI of 3.1%, it does at least beat inflation in real terms. The £1,000 minimum and £20,000 maximum make it accessible for most savers, though the money is locked until maturity and early exit costs you 180 days of interest. Tandem Bank offers a marginally higher 5.08% on the same term if you want to squeeze out a little more.

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