Vanquis Bank has reviewed the rate on its five-year fixed rate bond, which sees it remain firmly in the Moneyfacts best buys.
5 Year Fixed Rate High Yield now pays 3.11% yearly on a minimum investment of £5,000. A monthly option paying a slightly reduced rate (3.07%) is also available for those wishing to supplement their monthly income.
The finer details…
The account can be opened and operated online only. Like many fixed accounts, no earlier access or further additions will be permitted, so savers need to be comfortable with both the term and the initial investment.
Why we like it…
Despite a slight reduction, Vanquis' review sees its five-year fixed rate bond easily hold its own, maintaining a competitive top 10 position when compared to similar products.
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 Any products featured may be withdrawn by their provider or changed at any time.
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