Vanquis Bank has increased the rate on its already competitive High Yield savings account.
The four-year fixed rate High Yield bond now pays 2.86% yearly on a minimum investment of £1,000.
Savers can also choose a monthly option paying 2.82%.
Savers must open and operate this account via the internet.
As is the case with most fixed rate bonds, early access to funds or further additions will not be allowed.
Vanquis Bank is paying the top rate for a four-year bond. Savers must make sure they are able to commit funds from the outset as early access during the term will not be permitted.
Four Moneyfacts Stars have been awarded.
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