🔔 Further improvements to fixed rates

Author: Anna Bowes
03rd March 2017

Savings Champion Rate Alert

Friday 3rd March 2017

We've seen competition in the fixed rate markets gaining pace recently and today is no exception.

Vanquis Bank launched new versions of its three, four and five year fixed rate bonds.

3 Year Fixed Rate Bond - 1.70% gross/AER
4 Year Fixed Rate Bond - 2.10% gross/AER
5 Year Fixed Rate Bond - 2.21% gross/AER

Vanquis Bank stretched its lead over the rest of the field in the four year table, improving on its already market-leading rate and is now paying 2.10% gross/AER. Also the improved rate of 2.21% gross/AER on its five year bond pushes the provider higher up our best buy table. 

In addition to this, Paragon Bank launched a new market-leading five year fixed rate ISA, paying 1.75% tax free/AER. The provider also launched new one and five year fixed rate bonds with improved rates, paying 1.35% gross/AER and 2.15% gross/AER respectively.

For more information on these accounts, take a look at our Fixed Rate Bond and Fixed Rate ISA Best Buy Tables.

If you have any questions or would like help with your savings, we'd love to hear from you, call us on 0800 321 3581.

Best Savings Deals Summary

If you have any queries regarding our Best Buy Tables, an account featured or the suitability of the account for your needs, please call us on 0800 321 3581.

Best Buy Table Best Account(s) Best Rate (AER)

High Interest Paying Current Account *

Nationwide Building Society

5.00%

Easy Access

RCI Bank^

1.10%

Fixed Rate Bonds

Atom Bank (5 years)

2.40%

Variable Rate ISAs

Paragon Bank

1.05%

Fixed Rate Cash ISAs

Paragon Bank (5 years)

1.75%

Notice Accounts

Secure Trust Bank (90 days)

1.35%

Monthly Income

Atom Bank (5 years)

2.37% gross

Regular Savings

Nationwide Building Society / First Direct M&S Bank

5.00%

Children's Accounts

Saffron Building Society / Halifax 
(Regular Savers)

4.00%

Junior ISAs

Coventry Building Society

3.25%

Help to Buy ISAs

Barclays

2.27%

Our Best Buy Tables are based on whole of market research, independent and have no commercial bias, ensuring that you can rely on them to make an informed decision. Alternatively, please call us on 0800 321 3581 to discuss your savings with one of our expert advisers.

*High interest current accounts often have a number of conditions attached to qualify for the headline rate. Please ensure you carefully read the terms and conditions before proceeding. Many of these current accounts do not require customers to switch their main account.

^Deposits held with RCI Bank are covered up to the value of €100,000 by the FGDR, which is the French equivalent of the UK Financial Services Compensation Scheme (FSCS). For more information on this, please call one of our advisers on 0800 321 3581.