2 Year Fixed

Provider Rate Min/Max Deposit Opening Account Accessing Account Interest Options SG Verdict
BLME
2.10% £25,000 / £2,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid On Maturity

This account pays expected profit, rather than interest, to meet Sharia law requirements. This and their high minimum balance level may make this account less attractive to savers.

Hodge Bank
2.10% £1,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

Hodge bank is based in South Wales and was authorised in 1987.  It looks after just under £1bn of deposits.    

Paragon Bank
2.11% £1,000 / £100,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

Competitive rate from Birmingham based Paragon who now have over £4bn of savings deposits.    

PCF Bank
2.15% £1,000 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Anniversary
  • Paid Annually
  • Paid On Maturity
  • Paid Away

PCF Bank are the newest entrant to the market having been awarded their banking licence in July 2017    

Secure Trust Bank
2.16% £1,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid Annually
  • Paid 31st December

This is the best rate in the market seen so far in 2018!    

Secure Trust Bank’s fixed rate products tend to be withdrawn ahead of the stated close date (26th May in this case) so move quickly if this appeals to you