Easy access
Vanquis Bank savings accounts review
Vanquis Bank offers a broad range of savings accounts with interest rates up to 4.32%.
No reviews yet.
Write a review
Vanquis Bank was established in 2003 by Provident Financial Group to market-test its first credit card. The bank specialises in offering solutions for those who can’t access mainstream credit, but it also offers a range of savings accounts.
Vanquis Bank's top savings rate of 4.35% is available on one of its cash ISA accounts.
Easy access savings accounts
Table: sorted by interest rate
Vanquis Bank's best easy access rate of 4.08% is significantly lower than today's market-best rate of 6%.
4 of 4 results
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseCash ISAs
Table: sorted by interest rate
Vanquis Bank's best cash ISA rate of 4.35% is lower than today's market-best rate of 6%.
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseFixed-rate bonds
Table: sorted by interest rate
Vanquis Bank's best fixed-rate bond rate of 4.32% is very slightly lower than today's market-best rate of 4.75%.
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseNotice savings accounts
Table: sorted by interest rate
Vanquis Bank's best notice savings account rate of 3.67% is slightly lower than today's market-best rate of 4.26%.
4 of 4 results
Compare other products
We currently don't have that product, but here are others to consider:
How we picked these
Be first to know about new deals
Sign up to receive the latest deals, tips and a chance to win £400! (T&Cs)
Error placeholder Click here to sign in
What is Vanquis Bank's best savings account with the highest interest rate?
The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.
Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Vanquis Bank offers, plus the highest interest rate currently available.
| Savings account types include | Easy access, cash ISAs, fixed-rate bonds, notice accounts |
|---|---|
| Best easy access rate | 4.08% |
| Best cash ISA rate | 4.35% |
| Best fixed-rate bond rate | 4.32% |
| Best notice account rate | 3.67% |
| Fixed bond terms | 1 year - 5 years |
| Notice account periods available | 30 days |
| Opening options | Website |
| FSCS protection |
How do I open a Vanquis Bank savings account?
To open an account with Vanquis Bank, you must be at least 18 years old and a UK resident. You must open the account online, and you will need to provide personal details such as your name, address and National Insurance number. You will also need to provide the account number and sort code of your personal bank account to set up a nominated account for transferring funds. It should only take 10 minutes to complete your application.
The account can be managed online, by post or over the phone.
Documents needed to open an account
In certain circumstances, you may need to provide further information to confirm your identity and address.
Proof of identity can include the following:
- A certified copy of a UK passport
- A certified copy of a UK driving licence
- Letter from HMRC
- Letter from the Department of Work and Pensions
Proof of address can include the following:
- Original bank statement
- Original council tax bill
- HMRC correspondence
- Utility statement
- Pension statement
- A certified copy of a UK driving licence
Is Vanquis Bank safe?
Yes, Vanquis Bank savings accounts are covered by the Financial Services Compensation Scheme (FSCS). This means that all eligible deposits are protected up to a total of £120,000, so you’ll get your money back if the bank ceases trading.
Pros and cons
Pros
- Easy to open an account. Quick to open an account online.
- FSCS protection. Money in accounts will be protected up to £120,000 per person.
- Competitive interest rates. Many accounts offer high rates of interest.
Cons
- No bank branches. You'll need to be happy mostly banking online, although you can also instruct the bank by phone or post.
Our verdict: Is a savings account from Vanquis Bank worth it?
Vanquis Bank offers a wide variety of savings options, whether you’re looking to lock away a lump sum, you’d prefer to have easy access to your cash, or you’re looking to shelter your money from tax in a cash ISA. However, as always, it pays to check you can meet the account requirements and compare what else is out there first to be sure you’re making the right choice.
Frequently asked questions
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.
Sources
FREE interest rate alerts
Sign up to receive the latest deals, expert tips, and a chance to win £400! (T&Cs)
Error placeholder Click here to sign in
More resources on Finder
More guides on Finder
-
Best savings accounts for March 2026
Find out more about the different types of savings accounts on offer.
-
How to cash in Premium Bonds
Want to cash in your NS&I premium bonds? Our simple guide explains how to do this online, by phone or through the post.
-
OneFamily Savings Accounts
Find out if OneFamily can provide you and your family with the right savings products.
-
Compare Aldermore savings accounts: ISAs and fixed-rate bonds
Find out more about the specialised financial services provider, Aldermore, and decide if their cash ISAs, fixed rate bonds or other savings accounts are right for you.
-
Leeds Building Society savings accounts and rates
Find out more about Leeds Building Society, and see if their savings accounts are right for you and your savings plan.
-
AA savings accounts overview
Find out more about the breakdown specialists, and see if they can provide you with the right savings account.
-
Best Post Office savings account rates evaluated
Read about the Post Office and the savings accounts they offer. Find out more about the services Post Office Money provide, and see if they are right for you.
-
RCI savings accounts
RCI Bank offers competitive rates to people and businesses.
-
Best NatWest savings accounts compared
The fast pace of the UK banking market forces so-called ‘big banks’ like NatWest to stay ahead of the curve. By constantly refining the user experience with improvements to online banking and mobile apps, NatWest remains one of the UK’s most popular banks.
-
Best cash ISA rates UK 2026
A cash ISA is a savings account where you never pay tax on the interest. Use our comparison table to find the best ISA rates – whether you want to lock cash in for a set time or keep it easy access.