Vanquis Bank increases bond rates | Product News - Moneyfacts

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Vanquis Bank increases bond rates

Vanquis Bank increases bond rates

Category: Savings
Date: 16/09/2016

Vanquis Bank has increased its one, two and five-year fixed rate savings bonds by up to 0.14%, which has particularly strengthened the chart position of the five-year bond, while also gaining it an Excellent rating.

The basics…

The five-year bond now boasts a rate of 2.01% yearly (1.99% monthly), strengthening its position in the top 10 to see it sit just behind the market leader.

The finer details…

The solely internet-operated bond requires a minimum investment of £1,000. Withdrawals, additions and early access are not allowed, and any transactions have to be made through a nominated current account.

Why we like it…

This internet-based bond will be attractive to longer-term savers thanks to its competitive rate. As such, it rightly deserves its Moneyfacts rating and second place in the chart for its sector.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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