Vanquis Bank Savings

90 Day Notice Cash ISA (Issue 1)

up to 4.60% gross/AER* interest (variable)

  • Invest from £1,000 to £20,000 per tax year
  • Transfer your ISA from your current provider - all our Cash ISAs accept transfers
  • FSCS protection up to £85,000 across all of your Vanquis Savings accounts
  • Annual or monthly interest options
  • If you make a withdrawal without giving 90 days' notice, a deduction of interest will apply and could mean you get back less money than you invested

Please make sure you read these in full before applying.

Summary Box

Account Name
Vanquis Bank Savings - 90 Day Notice Cash ISA (Issue 1)
What is the interest rate?
Annual Gross*/AER**

4.60% (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.
* '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.
Monthly Gross*/ AER**

4.51% or 4.60% (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?
The Interest rate is variable and may change in accordance with this document and Section 28 of the General Terms: "What changes we can make to these terms?"
What would the estimated balance be after 12 months based on a £1,000 deposit?
Interest paid annually

Balance after 12 months would be £1,046.00

Based on:
  • an annual interest rate of 4.60%; and
  • a deposit of £1,000
Interest paid monthly

Balance after 12 months would be £1,046.00

Based on:
  • a monthly interest rate of 4.51%; and
  • a deposit of £1,000
The amount above shows what the future balance of your account would be if:
  • the interest is paid into your account rather than transferred to your nominated account
  • there are no changes to the interest rate, 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 tax resident in the UK
  • deposit at least £1,000
  • not have more than £250,000 saved with us across all of your accounts
Deposit limits:
  • the maximum annual deposit for this account is the ISA allowance (the 2024/2025 ISA allowance is £20,000)
  • you may transfer existing ISAs from other providers but any transfer of current tax year deposits will reduce your available allowance
  • these limits are subject to HM Revenue & Custom rules
You can apply for an account using:
  • our website
  • online Banking (if you are an existing Vanquis Savings customer)
Giving us instructions and talking to us about your account
You can contact us using Online Banking, telephone, email or by 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. If you don't do this, we'll write to you again to give you two months' notice that we're closing the account.
Can I withdraw money?
  • you can make unlimited withdrawals money from your account subject to giving us 90 days' notice or without giving notice where a deduction of interest equivalent to the notice period will apply. This may mean you might get back less than you originally deposited
  • any money you withdraw will be transferred to your nominated account, to another account held with us
  • you must request a withdrawal using Online Banking
  • this is a flexible ISA meaning if you make a withdrawal you can replace the money you've withdrawn without it counting towards your annual ISA subscription limit, providing you replace the funds in the same tax year you withdraw them. All withdrawals will result in a loss of tax-free status on the amount withdrawn
Additional Information
Tax Status:
This is a Cash ISA. Interest payable is exempt from income tax. The tax treatment depends on the individual circumstances of each customer and may change in the future.
The amounts you can invest are set by HM Revenue & Customs (HMRC) and therefore may change.
The tax treatment of ISAs may change.

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 Cash ISA (Issue 1). For full details, please read the General Terms and Conditions and the Notice Cash ISA Product Information document.

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