Vanquis Bank Fixed Rate Bonds

Challenger bank Vanquis offers a variety of fixed rate bonds for savers who wish to tie their money away for a set period of time. If you feel you can afford to lock away some of your savings for a set period of time then a Vanquis bank fixed rate saver might be the right choice for you, before you apply you may first wish to use the comparison tables below to compare a range of fixed rate bonds.

ProviderAccountInterest RateTermApply
5.00%Current Account
Instant Access
More Info >
5.00% interest for 12 months on balances up to £2,500 for the first year. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 12 month fee-free arranged overdraft available. No monthly fee. Must be aged 18 or older.
5.00%Current Account
Instant Access
More Info >
5.00% interest on balances up to £2,000 PLUS 5% cashback on first £100 of Contactless payments every month. Must pay in a minimum of £500 into the account each month. No monthly account fee.

2.01%

per annum

£500More Info >
Earn 2.01% fixed interest. 5 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

1.80%

per annum

£1,000More Info >
Earn 1.80% gross/AER fixed for 4 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available. Annual or monthly interest.

1.61%

per annum

£500More Info >
Earn 1.61% fixed interest. 3 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

1.53%

per annum

£500More Info >
Earn 1.53% fixed interest. 2 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected
1.50%Current Account
Instant Access
More Info >
Monthly Interest of 1.50% AER (variable) payable on your entire balance up to £20,000 (3.0% AER until 1st November 2016). Monthly Cashback on selected household bills. Must pay in £500 into the account each month.

1.35%

per annum

£500More Info >
Earn 1.35% fixed interest. 1 year term. Interest can be paid monthly or at maturity. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected
1.00%Instant AccessMore Info >
MARKET LEADING: Earn 1.00% gross/AER Instant Access. No notice periods. Unlimited payments and withdrawals. Pay in from £100. RCI Bank are protected up to a total of €100,000 by the FGDR, the French deposit protection scheme. Manage account online.

0.95%

per annum

1 YearMore Info >
0.95% gross/AER fixed for 1 year. £1,000 minimum opening balance. Withdraw cash early if you need to (subject to loss of interest).
0.75%Current Account
Instant Access
More Info >
Innovative new banking service powered by Clydesdale and Yorkshire Banks. Get your current account and instant access savings account working together. Earn 0.75% AER on ALL instant access savings balances, and 0.25% AER on current account balances up to £2,000. No monthly account fee
0.75%Easy AccessMore Info >
Earn 0.75% tax free/AER variable. Open with £100. Unlimited free withdrawals. Transfer in ISAs held elsewhere - no limit
0.75%Easy AccessMore Info >
0.75% gross/AER on balances from £1,000 to £1 million. Guaranteed to be at least 0.50% above Base Rate** until 31st December 2017. Unlimited withdrawals without restriction or loss of interest.
Savings Selection
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Instant Access Savings Accounts Deals
ProviderAccountInterest Rate (AER)TermApply
1.00%Instant AccessMore Info >
MARKET LEADING: Earn 1.00% gross/AER Instant Access. No notice periods. Unlimited payments and withdrawals. Pay in from £100. RCI Bank are protected up to a total of €100,000 by the FGDR, the French deposit protection scheme. Manage account online.
0.75%Easy AccessMore Info >
0.75% gross/AER on balances from £1,000 to £1 million. Guaranteed to be at least 0.50% above Base Rate** until 31st December 2017. Unlimited withdrawals without restriction or loss of interest.
5.00%Current Account
Instant Access
More Info >
5.00% interest for 12 months on balances up to £2,500 for the first year. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 12 month fee-free arranged overdraft available. No monthly fee. Must be aged 18 or older.

Gross is the interest you will receive before tax is deducted.

AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Latest Fixed Rate Bond Deals
ProviderAccountInterest Rate (AER)TermApply

1.80%

per annum

£1,000Apply Now >
Earn 1.80% gross/AER fixed for 4 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available. Annual or monthly interest.

1.35%

per annum

£1,000Apply Now >
Earn 1.35% gross/AER fixed for 3 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available
Growth Structured Deposits
ProviderPlan NameMaximum Potential Return*TermMore Info
Kick Out Deposit Plan

3%

per annum

Up to
6 years
More Info >
Capital protected deposit plan with the potential to mature after years 3, 4, 5 and 6. If the plan matures early it will return 3% times the number of years the plan has been in force. Also available for Cash ISA and ISA transfer.
* Maximum Growth Yields are not guaranteed and subject to certain conditions

Vanquis bank fixed rate bonds feature:

  • Choices to invest for 1,2,3,4 or 5 years
  • Minimum investment of £1,000
  • Maximum investment of £250,000
  • You can choose to be paid interest monthly or annually
  • Account can be served online or via telephone
  • To apply you need to be a UK resident and at least 18 years old

Although Vanquis bank to offer an array of different fixed rate bonds you might also want to consider ones from other providers to try and make sure you find the best plan for what you need from an investment, as well as looking at other fixed rate bonds it might also be wise to consider different kinds of saving plans before you lock your savings away.

 

Other types of savings plan include:

 

Tracker Bonds

Tracker bonds are similar to fixed rate bonds however your interest rate will fluctuate over its term in response to changes made to the base rate by the bank of England. Due to the fact that the interest rate you receive can change it is not possible to predict how much you will receive at the end of the term like you can with.

 

Structured Deposit

With structured deposits you risk only getting back your original investment with no interest paid, however they generally offer a better potential interest rate than fixed rate bonds or easy access savings accounts. Getting an interest payment is dependent on the performance of a share index or indices, to receive an interest payment the index has to perform a certain way over the structured deposit’s term as set down by its terms and conditions.

 

Instant access savings account

 If you want to earn interest on your savings and maintain easy access to your funds, in case you should ever need them, then an instant access savings account might suit you. Although instant access savings accounts tend to offer lower rates of interest than bonds or structured deposits, they generally permit unlimited free withdrawals.