As the end of the week looms, we have seen a flurry of improved fixed term accounts hitting the market, along with an improved notice account with a market-leading rate.

Vanquis Bank has launched a revamped range of fixed rate bonds, most notable of which is the 4 and 5 year terms.

The 4 Year Fixed Rate Bond paying 2.05% gross/AER now leads the field, not only offering the top rate, but also giving the option of monthly interest payments should you prefer it.

Although the same cannot be said for the 5 year term, paying 2.21% gross/AER, it has climbed the best buys and is now sitting in third place, again with the option of monthly interest payments. 

We also saw new improved rates from Bank of London and the Middle East (BLME), increasing rates by up to 0.50% on a number of accounts. 

1 Year Premier Deposit Account - 2.00% gross/AER
18 Month Premier Deposit Account - 2.05% gross/AER
2 Year Premier Deposit Account - 2.10% gross/AER
3 Year Premier Deposit Account - 2.25% gross/AER
4 Year Premier Deposit Account - 2.40% gross/AER

Before proceeding it is important to be understand that accounts from BLME are sharia compliant and therefore pay an expected profit rate, rather than an interest rate, in order to comply with sharia law. For more detailed information on this, please refer to our Best Buy Overview.

Finally, Paragon Bank launched a new version of its 120 Day Notice account, paying the market-leading rate, 1.45% gross/AER.

To see how these accounts compare to others currently available, please refer to our best buy tables.

If you would like any help with your savings, please call us on 0800 321 3581, we’d love to hear from you.