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Vanquis Bank increases 4 and 5yr bond rates

Vanquis Bank increases 4 and 5yr bond rates

Category: Savings
Date: 24/02/2017

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Vanquis Bank has increased selected fixed bond rates by up to 0.20%. This has enabled its four-year bond to become the joint market-leader and its five-year offer to improve its place in the Best Buys, both earning a high rating in the process.

The basics…

The four-year bond now boasts a joint-top fixed rate of 2.06% on its anniversary, while the five-year equivalent pays 2.16%, a top-10 rate for its term.

These accounts are also available as monthly interest options, paying reduced rates of 2.04% and 2.14% respectively.

The finer details…

These online-only deals require a minimum investment of £1,000. No additions, withdrawals or earlier access are permitted on these accounts, which can only be accessed through a nominated account after the full term is up, which means savers will have to make sure they won't need their funds for the full length of their chosen term.

Why we like them…

The highly competitive rates on these bonds have easily earned them their competitive places in the Best Buys, as well as their high rating.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

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