Vanquis Bank increases fixed bond rates | Product News | moneyfacts.co.uk

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Vanquis Bank increases fixed bond rates

Vanquis Bank increases fixed bond rates

Category: Savings
Date: 13/10/2017

Vanquis Bank Savings has increased rates on selected savings accounts by up to 0.25%, which sees its two and three-year deals enter the Best Buy charts for their respective sectors and its five-year deal improve its position, earning them all a high rating.

The basics…

The two-year account now boasts a fixed rate of 2.00%, paid on its anniversary, while the three-year deal pays 2.15% and the five-year pays 2.40%. Monthly versions of these accounts which pay slightly reduced rates of interest are also available.

The finer details…

These accounts require a minimum investment of £1,000. They don't allow additions, withdrawals or other early access, so savers will have to make sure they are happy to set their funds aside for the entirety of their chosen term. Access has to be arranged through a nominated current account. The accounts can only be opened online, after which they can be managed by post and over the phone as well.

Why we like them…

These bonds offer attractive rates for savers looking to put their funds aside for the medium to long term, which has earned them their places in the Best Buys, as well as a 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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