Vanquis Bank increases rate of 5-yr fixed bond | Product News - Moneyfacts

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Vanquis Bank increases rate of 5-yr fixed bond

Vanquis Bank increases rate of 5-yr fixed bond

Category: Savings
Date: 05/12/2014

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 It is now over 6 months old so the content may be out of date.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 rate of its five-year high yield bond by 0.16%, catapulting it into the top 10 of the Moneyfacts charts.


The basics…

The five-year version of Vanquis Bank High Yield now has a competitive rate of 2.96% per annum (2.92% monthly).


The finer details…

This account must be opened and operated online with a minimum deposit of £1,000. Like many other fixed rate deals, this account does not allow further additions or early access to funds. Savers must therefore be happy with the amount they invest and the length of the term from the outset.


Why we like it…

The rate increase has shifted this account into the top 10 for its sector, something that is bound to attract the interest of savers. Although early access to funds and further additions are not allowed, the option of taking interest monthly adds some welcome flexibility.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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