We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Vanquis bank savings ltd sort code
Options
Comments
-
SeeMe said:wmb194 said:slam555 said:I read on one of Vanquis' review a concern from a saver about their account. This person said he/she could not access their account and is worried about their savings. Has anyone else heard anything similar?
I am also thinking of vanquis as an option, i normally stick with the bigger better known players, so would be good to hear any recent reviews of Vanquis bank.1 -
I need to protect the savings from a house sale (c.£400k) to cover my mother’s care home expenses. Should I break this down across 5 different banks or is somewhere like Vanquis a safe haven for the whole sum in present circumstances?0
-
Albermarle said:colsten said:It's rare to find good reviews on Trustpilot because people are very quick with moaning, complaining and ranting, and not so quick to write a positive, or even a neutral review.
https://uk.trustpilot.com/review/www.aldermore.co.uk
https://uk.trustpilot.com/review/chartersavingsbank.co.uk?page=40 -
Ricardodo said:I need to protect the savings from a house sale (c.£400k) to cover my mother’s care home expenses. Should I break this down across 5 different banks or is somewhere like Vanquis a safe haven for the whole sum in present circumstances?1
-
colsten said:Ricardodo said:I need to protect the savings from a house sale (c.£400k) to cover my mother’s care home expenses. Should I break this down across 5 different banks or is somewhere like Vanquis a safe haven for the whole sum in present circumstances?
Except NS&I - you can keep it all 100% safe (Guaranteed by HM Gov) while you sort out your options.. and earn 1% atm.
https://www.nsandi.com/direct-saver
I'd use Vanquis.. but only under the FSCS limit - part of Provident Finance which has been vulnerable of late.
2 -
Looked at Vanquis for a 5 yr bond but RCI bank recently launched a 1.90% 5 yr bond so went with them.
Opened with zero and I have 14 days to fund it as many times as I like.
1 -
Have had no problem opening a 5 yr bond with Vanquis but also have been unable to access the account and I'm pretty sure all the details were correct. The 2 day promised email response is now overdue so maybe I will look at RCI - interesting that they are going higher in the current climate.0
-
Thanks guys for your replies.It seems as others have said Vanquis use Barclays as the holding account.The transfer went through successfully, and I can log on to my account without any issues.0
-
I was interested in putting some money into RCI Bank - but I looked at their Companies House history - prior to 2018, they were a dormant company with only £1 share capital. Then in 2019, they received a huge shares transfer from RCI Financials Ltd which is probably their holding company....and then again, looking into detail at RCI Financials, they had funds from Renault Cars huge charges in 2015 and 2016. It all goes to show how companies duck and dive...worrying to say the least. Also wasn't there some rumour that Renault isn't doing very well? Might all collapse like a house of cards...in the current crisis as well....The old saying goes, if something looks too good to be true - and why would RCI Bank offer an interest rate higher than other banks? Only reason - they need our money to prop them up, no? DO enlighten me - I might be talking a lot of bull...and being paranoid - blame it on the lockdown...
0 -
and why would RCI Bank offer an interest rate higher than other banks? Only reason - they need our money to prop them up, no?
All the so called challenger banks offer better rates than the better known high st banks . The latter offer poor rates because they can get away with it and they have access to different funding lines.
0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards