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


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

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 It is now over 6 months old so the content may be out of date.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.

Find the best savings rates for you - Compare savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Best savings rates

Get a snapshot of the top best buy savings accounts, fixed rate bonds and cash ISAs to help you get more from your money.

Average five-year fixed bond rate falls below 2%

Long-term fixed rate bonds used to be the top solution for savers looking to get a decent return on their savings, but unfortunately, times have changed, with our latest data revealing that the average five-year rate has fallen to a new record low.

Savings rates plummet to fresh lows yet again

It’s becoming a recurring theme, and unfortunately, it’s showing no signs of stopping. Savings rates have plummeted to fresh lows once again as the impact of the base rate cut continues – and this month, product availability has followed.