Vanquis Bank Savings

90 Day Notice Account (Issue 4)

up to 5.15 % 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
Summary Box
Account Name
Vanquis Bank Savings - 90 Day Notice Account (Issue 4)
What is the interest rate?
Annual Gross*/AER**

5.15% (variable)

This rate is based on interest being paid on either:
  • the anniversary of the date we received your first payment into your account; or
  • on the day your account closes, if earlier.
Interest is calculated daily. When you open the account you will be able to choose whether you would like interest to be paid each month or annually. You will also be able to choose whether you would like interest to be paid into your account or transferred to your nominated account.
Monthly Gross*/ AER**

5.03% or 5.15% (variable)

This rate is based on interest being paid each month on:
  • the monthly anniversary of us receiving your first payment into your account; and
  • the date your account closes.
Can Vanquis Bank Savings change the interest rate?
Yes. The interest rate is variable which means we can change it from time to time, e.g. if the Bank of England base rate changes.
What would the estimated balance be after 12 months based on a £1,000 deposit?
Interest paid annually

Balance after 12 months would be £1,051.50

Based on:
  • an annual interest rate of 5.15%; and
  • a deposit of £1,000
Interest paid monthly

Balance after 12 months would be £1,051.50

Based on:
  • a monthly interest rate of 5.03%; and
  • a deposit of £1,000
The amount above shows what the future balance of your account would be if:
  • the interest rate remains the same for the full 12 months;
  • the interest is paid into your account rather than transferred to your nominated account; and
  • no further payments are made in or out of the account.
How do I open and manage my account?
Opening your account:
To open your account you need to:
  • be aged 18 years or over
  • be resident in the UK
  • deposit at least £1,000
  • deposit no more than £250,000
  • not have more than £250,000 saved with us across all of your accounts

You can apply for an account using:
  • Our website
  • Online Banking (if you are an existing Vanquis Savings customer)
Giving us instructions for your account:
You can contact us using Online Banking, telephone, email or by sending us a written instruction in the post.
Minimum balance
You need to keep at least £1,000 in your account at all times. If the balance of the account falls below £1,000 we will ask you to add more money to your account within the next 30 days.
Can I withdraw money?
You need to tell us at least 90 days before you want to withdraw money from your account. Any money you withdraw will be transferred to your nominated account. You can request a withdrawal using Online Banking.
Additional Information
Tax Status:
Interest will be paid gross* which means no tax is deducted. It is your responsibility to pay any tax due, based on your individual circumstances.
Explanation of key interest rate terms
* 'Gross' interest is the contractual rate of interest.
**'AER' stands for the Annual Equivalent Rate, a notional rate which illustrates what the interest rate would be if paid and compounded on an annual basis.
Availability
Each 90 Day Notice Account will only be available for a limited period of time and will be subject to availability.

These notice accounts are a limited offer and may be withdrawn at any time. The interest rates we offer will vary from time to time, so it is important to keep a regular eye on the wider market because better rates may be available elsewhere.

This Summary Box sets out the key features of the 90 Day Notice Account (Issue 4). For full details, please read the General Terms and Conditions and the 90 Day Notice Account Product Information document.

FSCS Protected. Protecting your money. FSCS Protected. Protecting your money.