Compare 2 year savings bonds

The Cynergy Bank 2 Year Fixed Rate Bond offers a straightforward option for savers looking to lock in an interest rate for a defined period. As a fixed-term savings account, it is designed for individuals who can commit their funds for 24 months. To open this bond, a minimum initial deposit of £1,000 is required, providing an accessible entry point for many savers. This bond features a competitive fixed interest rate, ensuring your returns remain consistent throughout the two-year term. It offers an Annual Equivalent Rate (AER) of 5.05%, with a gross rate of 4.94%. This rate applies to balances starting from the minimum initial deposit of £1,000 up to the maximum balance limit. Interest payments are made annually, allowing savers to see their returns accumulate over the life of the bond. Managing your 2 Year Fixed Rate Bond is convenient, as all account management is conducted online. This digital-first approach provides flexibility and easy access to your account details. Savers can deposit up to a maximum balance of £1,000,000. Furthermore, customers can rest assured that their savings are protected, as this account is covered by the Financial Services Compensation Scheme (FSCS), safeguarding eligible deposits up to £85,000 per person. For more detailed information, prospective customers can visit the Cynergy Bank website.