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 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 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.
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
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