High yield bonds from Vanquis Bank stay in the top | Product News - Moneyfacts

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High yield bonds from Vanquis Bank stay in the top

High yield bonds from Vanquis Bank stay in the top

Category: Savings
Date: 12/09/2014

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 It is now over 6 months old so the content may be out of date.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 increased the rates for its three and five-year bonds by 0.05%, ensuring that they hold their place in the top 10 for their respective sectors.

The basics…

The three-year Vaquis Bank High Yield bond now pays an annual rate of 2.55% (2.52% monthly). Meanwhile, the five-year variant now pays a rate of 3.21% yearly (3.16% monthly).

The finer details…

These bonds can be opened with a minimum investment of £1,000 and can be conveniently managed online.

Like many fixed rate bonds, no early access or further additions are permitted, so investors must be completely happy with the amount they invest and the length of the term.

Why we like them…

The rate increases have reinforced these bonds' positions in the charts and are sure to catch the eyes of investors. While an early access facility is not offered, the option to have a monthly income adds some flexibility to these accounts.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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