Today we have seen a response from Vanquis Bank to its 4 Year Fixed Rate Bond being relieved of its market-leading position earlier in the week.
Vanquis Bank has improved the rates on its 2, 3 and 4 year bonds, with the 4 year product grabbing the most attention. The improved version sees the provider join PCF Bank atop our 4 year best buy table, paying 2.25% gross/AER.
Interestingly, looking at our 5 year table, we again see both Vanquis Bank and PCF Bank battling at the top, with both paying 2.50% gross/AER.
We have also seen Atom Bank improve rates on its 1, 2 and 3 Year Fixed Savers, subsequently the rate on its 1 year product (1.85% gross/AER), pushes the provider up to second position in our table. It is important to be aware that to both apply for and manage accounts with Atom Bank, you are required to download the provider's app.
Looking across to the fixed rate cash ISA domain, we have seen Yorkshire Bank and Clydesdale Bank storm to the top of our 3 year table, paying 2.00% tax free/AER, which sees the providers sit head and shoulders above the rest of the field.
Alternatively, for those who would like easy access to their savings, rates up to 1.25% gross/AER can be obtained. For more information on the current market-leaders, please refer to our easy access best buy table.
If you would like any help with your savings, please call us on 0800 321 3581, we’d love to hear from you.
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