What interest rate does the Vanquis Bank 1 Year Fixed Rate Bond pay?

The Vanquis Bank 1 Year Fixed Rate Bond pays 5.08% AER, fixed for one year.

How much interest could I earn?

Saving £10,000 for 1 year would earn about £508 at 5.08% AER. This assumes the rate stays the same and interest stays in the account.

How much can I pay in?

You can deposit at least £1,000 and up to £250,000.

Can I withdraw my money?

No. Your money is locked in until the fixed term ends, so only put in what you won't need before then.

When is interest paid?

You can choose to have interest paid monthly or annually.

Who can open this account?

New and existing Vanquis Bank customers can open it. You can open it online.

Is my money protected?

Yes. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking licence.

How does it compare with other one-year fixed rate bonds?

At 5.08% AER it ranks 8th of 76 one-year fixed rate bonds we track. The best pays 5.13% and the average is 4.55%.

Dashboard

Fixed Rate

Vanquis Bank 1 Year Fixed Rate Bond Review

One of the best-paying one-year fixed rate bonds, from Vanquis Bank, with a £1,000 minimum deposit. It ranks 8th of 76 one-year fixed rate bonds we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 1 year

5.08%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1,000

Max balance

£250,000

Access

At maturity only

Interest paid

Monthly/Annually

How It Stacks Up

Ranks 8th of 76

1-year fixed bonds we track

Among the best

This account 5.08%

UK CPI (Aug 2026): 3.10%; Pays 1.98% more
Average 1-year fixed: 4.55%; Pays 0.53% more
Best 1-year fixed: 5.13%; About the same

Inflation: ONS. Averages and best rates: accounts on DepositScout.

Compare fixed bonds

A Good Fit For

Pro: New and existing savers
Pro: Savers who want a monthly income

Worth Weighing Up

Con: Your money is locked in for 1 year
Con: You need at least £1,000 to open it

Good to Know

All payments into your account need to be made within 30 days of Vanquis receiving your application and made from your nominated account.

Please verify all details with the provider – see our Disclaimer

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Estimated returns with Vanquis Bank's Fixed Rate

What you could earn with Vanquis Bank's 1 Year Fixed Rate Bond.

Estimated interest

£1,000 saved

£50.80

At 5.08% AER

£5,000 saved

£254

At 5.08% AER

£10,000 saved

£508

At 5.08% AER

£250,000 saved

£12,700

At 5.08% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Vanquis Bank 1 Year Fixed Rate Bond

Jonny PeaseCo-Founder, DepositScout

Vanquis Bank's 1 Year Fixed Rate Bond pays 5.08%, which sits near the market average for fixed-rate bonds and is 0.29% behind the current market leader at 5.37%. That said, 5.08% does beat August 2026 CPI of 3.1% by 1.98%, so your money grows in real terms. The genuine catch is that access is locked until maturity, so only commit funds you will not need for a year. If you want to squeeze a little more, Close Brothers Savings offers a 1 Year Fixed Rate Bond at 5.12% with a £1,000 minimum, the same as here.

Compare Fixed Rate Bonds