Vanquis Bank enters fixed rate bond fray - Savings - News - Moneyfacts

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Vanquis Bank enters fixed rate bond fray

Vanquis Bank enters fixed rate bond fray

Category: Savings

Updated: 01/08/2011
First Published: 21/07/2011

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Vanquis Bank has made a startling entrance into the fixed rate bond market with two competitive offerings.

Paying 3.45%, the one year bond nestles comfortably amongst some of the best bonds over this term.

The two year option paying 3.70% is slightly less high flying, but remains attractive nonetheless.

The minimum investment required on the bonds is £10K, while additional investments are not allowed during the term.

As is common with most fixed rate bonds, withdrawals are not permitted either, so savers will need to be sure how much they can afford to commit from the outset.

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