2 Year Fixed Rate Bond

What you’ll get

  • 4.00% AER*/gross** fixed rate interest for 2 years.

Things to keep in mind

  • The minimum opening balance is £500.
  • No withdrawals or account closures permitted during the fixed term.
  • No further deposits allowed after the first 14 days since opening.

When your bond matures, we’ll transfer your money into a cahoot Savings Account. You can access your funds from this account via Online Banking or over the phone.

Summary box

cahoot Fixed Rate Bond

Interest rate

Account name/termMaturity dateTierIf interest is paid annuallyIf interest is paid monthly
2 Year cahoot Fixed Rate Bond/24 months2 Year/24 months after account opened£500+4.00% AER*/gross** (fixed) for 24 months from account opening3.93% gross** (fixed) for 24 months from account opening

We calculate interest daily and pay it annually or monthly. You can decide to have your interest paid monthly or annually. Once decided, you can't change this.


Annual interest

You can choose to pay interest into your bond, or elsewhere. This can be another cahoot or external account. We will pay interest each year on the date you opened the account.


Monthly interest

You can choose to pay interest into another cahoot account. Or you can choose to pay interest into an external account. We cannot pay interest back into your bond. We will pay interest each month on the date you opened the account.



We'll pay the final interest payment to your account on the date it matures. If your interest is due on a non-working day, we may pay you the next available working day. Your account balance including interest will then be available for withdrawal on the following working day.

AER is based on funds deposited on the day you open the account. If you deposit funds later than this, you may receive less interest than advertised.


No, the interest rate is fixed during the term.

Estimated balance for cahoot fixed rate bonds

Account name/termInterest earnedBalance at the end of the term of the account
2 year cahoot Fixed rate Bond/24 months £81.60£1,081.60


Estimates assume:

  • You open the account and deposit £1,000 that same day.

  • We pay interest annually and back into this account.

These illustrations are only an example. They don't take your personal circumstances into account.

To open the account you must:

  • Be a UK resident.

  • Be 18 years old or over.

  • Be registered or will register for online banking.

  • Provide us with a valid email address. We’ll use this to let you know when we have sent you an e-Document.

  • You can open the account in single or joint names.

  • You need to open the account with a minimum opening balance of £500. The maximum you can pay in is £2 million.

How to pay into the account

  • We’ll send you a sort code and account number you can use to pay in.
  • You’ll need to use your details to make an online transfer into the new account within 14 days of opening.
  • Within those 14 days, you can make as many deposits as you like.
  • You cannot make further deposits after the 14 days.

Manage the account

You can manage the account on Online Banking.


You can’t withdraw or close the account during the fixed term.

At the end of the term

The term of the account is 24 months. On maturity, we’ll transfer your money into a cahoot Savings Account. We’ll get in touch with more details, closer to your maturity date. This will include your new interest rate.

  • There’s no cancellation period on this account.
  • Subject to availability and may be withdrawn without notice. Rates and information correct as at 2 February 2024. 

*AER stands for Annual Equivalent Rate. It shows what the interest rate would be if we paid interest and added it to your account each year.

**The gross rate is the interest rate we pay where no income tax has been taken off.

We calculate interest daily and pay it annually or monthly.

Key Information

Before applying, we recommend reading the relevant documents. You can find these below. You may like to save or print them, so you can refer to them in the future.