Compare 2 year savings bonds

The Cynergy Bank 2 Year Fixed Rate Bond offers a secure and straightforward way to grow your savings over a fixed 24-month period. Designed as a fixed-term savings account, it provides the predictability of a guaranteed interest rate for the duration of the term. The account is available to permanent UK residents and can be opened as a joint account, offering flexibility for couples or co-savers. Furthermore, your deposits are protected by the Financial Services Compensation Scheme (FSCS), ensuring peace of mind up to the eligible limits. Savers will benefit from a highly competitive fixed interest rate of 5.15% AER (5.03% Gross), which applies to all balances from £0. This rate remains consistent throughout the 2-year term, shielding your returns from potential market fluctuations. Customers have the choice of receiving their interest payments either annually or monthly, allowing them to align their income stream with their personal financial planning. To open this bond, a minimum initial deposit of £1,000 is required. While there's no stated maximum for the initial deposit, the overall maximum balance permitted in the account is £1,000,000. It's crucial to understand the access rules for this fixed-term product: no withdrawals are permitted at any point before the 24-month maturity date, and early closure of the account is also not allowed. This makes the bond ideal for those who are confident they won't need access to their funds during the two-year period. The account can be conveniently managed online, providing easy access to your account information.