Vanquis Savings

Anyone used Vanquis Savings

90 Day Notice Account (Issue 3)
up to 5.40 % gross/AER*
Invest from £1,000 (up to a total of £85,000 for FSCS protection)
Annual or monthly interest options
Sole or joint accounts
Subject to your own bank's payment limits, make your deposit with as little as one simple payment by bank transfer or cheque

Comments

  • wmb194
    wmb194 Posts: 3,126
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    edited 10 February at 11:53AM
    Anyone used Vanquis Savings

    90 Day Notice Account (Issue 3)
    up to 5.40 % gross/AER*
    Invest from £1,000 (up to a total of £85,000 for FSCS protection)
    Annual or monthly interest options
    Sole or joint accounts
    Subject to your own bank's payment limits, make your deposit with as little as one simple payment by bank transfer or cheque
    Yes, I presently have a few savings bonds with it and have used it in the past as well. The website’s a bit basic but it’s fine.

    Vanquis Bank is owned by the company that used to call itself Provident Financial but renamed itself Vanquis Banking Group, formed in 1880.
  • jaypers
    jaypers Posts: 654
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    Is that new? Hadn’t noticed the 90 Day at 5.4% so am tempted. 
  • Note that our reading of the Vanquis Ts and Cs, and a reply from them, seems to show that they only give 30 days' notice of a decrease in interest rates, so if (when) interest rates fall, you could be stuck for 60 days with a lower rate than you'd like (no one knows if anywhere else will be better then, of course). See Notice Accounts - Page 92 — MoneySavingExpert Forum and following pages (there's an example of FirstSave already doing this to their customers).
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