Vanquis enters long-term bond chart | Product News | moneyfacts.co.uk

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Vanquis enters long-term bond chart

Vanquis enters long-term bond chart

Category: Savings
Author: Lieke Braadbaart
Date: 24/08/2018

Vanquis Bank has raised the rate on its five-year fixed rate bond by 0.03%, which has resulted in it entering the Best Buys and earning a high Moneyfacts rating.

The basics…

The five-year Vanquis Bank Savings now has a rate of 2.68%, paid on its anniversary. An alternative version that pays a slightly reduced rate on a monthly basis is also available.

The finer details…

This account requires a minimum investment of £1,000. As is usual in this sector of the market, additions and early access are not permitted, so savers will have to ensure they won't need their funds for the entire term. The bond requires a nominated current account for access and can only be opened online, after which it can be operated by post and phone as well.

Why we like it…

Given its improved rate, it's easy to see why this account has earned a high rating as well as a position in the charts.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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