Vanquis Bank has increased the rates on its longer-term fixed savings bonds.
The three-year option on the bank's High Yield fixed rate bond now pays a market-leading 2.51% yearly, or 2.48% monthly.
Savers looking for a longer term could also choose the five-year option paying a competitive 2.91% yearly, or 2.87% monthly.
Both bonds must be opened and operated online and savers will need to deposit at least £1,000.
As is common with fixed rate bonds, early access to funds or further additions will not be allowed.
Vanquis Bank has upped the rates on its already market-leading High Yield fixed savings accounts.
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