Vanquis Bank has increased the rate on its fixed rate five-year bond with it rising to the top of the Moneyfacts best buys for its term.
Fixed Rate High Yield: 5 Year now pays a market-leading 3.11% yearly, with a monthly option of 3.07% for those that want to supplement their income.
As with most bonds no further additions or earlier access to funds is permitted.
The account must be opened and operated online with a minimum investment of £1,000.
Paying a market-leading rate, and with a monthly interest option, this bond is a competitive deal for those that are happy to lock their money away.
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 Any products featured may be withdrawn by their provider or changed at any time.
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