Vanquis Bank has upped the rate by 0.10% on its already competitive five-year fixed rate bond.
5 Year Fixed Rate High Yield now pays a highly competitive 2.76% yearly to savers with at least £1,000 to invest.
There is also a monthly option for those investors looking to supplement their income, paying a slightly lower rate of 2.73%
Savers can invest up to a maximum of £250,000.
This account can only be opened and operated online.
As is the case with most fixed rate bonds, early access to funds or further additions are not allowed.
Savers looking for a long-term online bond would do well to consider this highly competitive product from Vanquis Bank. This deal sits comfortably in the top 10 of comparable accounts.
Four Moneyfacts Stars have been awarded.
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