Vanquis Bank

trickydicky14

jimexbox said:

I'm going to open a one year's fix tonight. You have 30 days to fund the account, enough time to see how one year rates are heading. 

Just to add, I was looking through the various accounts earlier and the 2 year fixed vanished in front of my eyes, no longer available.

meat_n2_reg

yep just looked and 2 year fix not available any more 

PeskyBlunder

I can see the 2 year fix at the moment - 5% interest.

refluxer

PeskyBlunder said:

I can see the 2 year fix at the moment - 5% interest.

If you click 'apply', it's no longer available.

PeskyBlunder

Ah ok - I understand. Just saw that it still seemed to be available.

meat_n2_reg

Just opened a 1yr fix seemed easy enough and said successful, awaiting paperwork 
Shame about the 2 yr fix don't really want to fix for any longer than 2 years at the moment 

jimexbox

Can you deposit more than you indicate on initial application?

PeskyBlunder

From their FAQ:-

Once you have funded your Vanquis Bank Savings account you cannot add to it. You can however open another Vanquis Bank Savings account provided you are able to fund the new deposit with at least the minimum investment amount. To apply for another Vanquis Bank Savings account please log into your account online and select the "Open Another Account" tab

bristolleedsfan

jimexbox said:

I'm going to open a one year's fix tonight. You have 30 days to fund the account, enough time to see how one year rates are heading. 

FAQ says you have 30 days to fund, however -

Special Conditions for
Vanquis Bank Savings Account (Issue 1)

5. Each Account will be a limited issue, and will therefore be subject to availability. If the issue becomes fully subscribed between the date we receive your application and the date we receive your deposit and/or any necessary proof of identity and residency documents, we will no open an Account for you and will return the amount of your deposit without interest. We may discontinue or stop opening new accounts without telling you.

https://www.vanquissavings.co.uk/1-year-fixed-rate-bonds/

jimexbox

Account opened, very easy tbh. Waiting for paperwork now.