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Vanquis improves long-term fixed bonds

Vanquis improves long-term fixed bonds

Category: Savings
Date: 27/01/2017

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 It is now over 6 months old so the content may be out of date.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 several of its fixed bond rates, which sees its four and five-year deals sit comfortably in the Best Buy charts - with the four-year bond even becoming a market-leader - earning them both a high Moneyfacts rating.

The basics…

The four-year savings account now boasts a market-leading yearly rate of 1.96% (1.94% monthly), while the five-year equivalent pays a rate of 2.02% (2.00% monthly).

The finer details…

These accounts require a minimum investment of £1,000 and have to be opened and operated online. Additions, withdrawals and early access are not permitted on these accounts, which can only be accessed via a nominated current account. This means that savers will need to be sure they are happy with the term and amount they choose before committing.

Why we like them…

The market-leading rate on the four-year bond and the competitive rate on the five-year option are more than enough to see them settling into the Best Buy charts, easily also earning them 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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