Vanquis Bank has increased the rate on its High Yield three year bond to 3.86%, nudging it into the top five of the bond sector.
A monthly interest option is also available at 3.79%.
Savers can invest between £1,000 and £250,000. As with many fixed rate bonds, early access is not allowed so savers must be willing to lock funds away for the duration of the term.
The account is available to investors aged 18 and over and can be operated online only.
This product has been awarded four out of five Moneyfacts stars.
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