5 Year Savings Bond - Vanquis Bank Ltd

5 Year Savings Bond

Vanquis Bank Ltd
2.4 % AER
Headline Interest Rate
Fixed
For 60 months
FSCS
Compensation Scheme
£ 1,000 min initial deposit
£ 250,000 max balance
  • Open By:

About the account

Account Type: Fixed Term
Headline Interest Rate: 2.4 % AER
Headline Interest Balance: £ 1,000
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 1,000
Date account was introduced: 13 Oct 2017

This account may be appropriate for you if

  • You are happy not withdrawing funds before the end of the term
  • You are over 18 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£1,0002.40%2.40%2.40%

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: annually, monthly
Minimum Balance: £ 1,000
Maximum Balance: £ 250,000
Statement Frequency: not issued
Additional Deposits: Not allowed
Standing Orders: Not allowed

Withdrawals

Withdrawal Conditions: Withdrawals or closure are not permitted during the term.
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: No withdrawals permitted.
Transferred on Maturity: If no instructions are received from the customer at least two days prior to maturity, all funds will be automatically returned to the customers nominated bank account. If the customer doesn't have a nominated account the funds will be re-invested into an Easy Access account.

Conditions

Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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