What interest rate does the Vanquis Bank 3 Year Fixed Rate Bond pay?

The Vanquis Bank 3 Year Fixed Rate Bond pays 5.16% AER, fixed for 3 years.

How much interest could I earn?

Saving £10,000 for 3 years would earn about £1,629 at 5.16% 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 three-year fixed rate bonds?

At 5.16% AER it ranks 7th of 49 three-year fixed rate bonds we track. The best pays 5.20% and the average is 4.71%.

Dashboard

Fixed Rate

Vanquis Bank 3 Year Fixed Rate Bond Review

One of the best-paying three-year fixed rate bonds, from Vanquis Bank, with a £1,000 minimum deposit. It ranks 7th of 49 three-year fixed rate bonds we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 3 years

5.16%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 7th of 49

3-year fixed bonds we track

Among the best

This account 5.16%

UK CPI (Aug 2026): 3.10%; Pays 2.06% more
Average 3-year fixed: 4.71%; Pays 0.45% more
Best 3-year fixed: 5.20%; 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 3 years
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.

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Estimated returns with Vanquis Bank's Fixed Rate

What you could earn with Vanquis Bank's 3 Year Fixed Rate Bond.

Estimated interest

£1,000 saved

£163

At 5.16% AER

£5,000 saved

£815

At 5.16% AER

£10,000 saved

£1,629

At 5.16% AER

£250,000 saved

£40,731

At 5.16% AER

Estimated over the 36-month term, 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 3 Year Fixed Rate Bond

Jan WatermannCo-Founder, DepositScout

Vanquis Bank's 3 Year Fixed Rate Bond pays 5.16%, which sits above the market average for fixed-rate bonds but is 0.21% behind the category leader at 5.37%. At 2.06% above August 2026 CPI of 3.1%, it does at least beat inflation meaningfully. The real catch is the total lock-in: no access until maturity, so this suits savers who are confident they will not need between £1,000 and £250,000 for three years. Alternatives from Close Brothers Savings and thisbank both offer 5.18% for the same term.

Compare Fixed Rate Bonds