Vanquis Bank launched Vanquis Bank High Yield in July 2011. Vanquis Bank is part of the Provident Financial Group, a FTSE 250 company, specialising in the provision of personal credit products for consumers in the UK non-standard lending market.
Provident Financial set up Vanquis Bank in 2002 as a credit card provider. Since then Vanquis Bank has accepted over 1.8 million customers in the UK and has operations and call centres in London, Chatham, Bradford and Newcastle.
Vanquis Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority and is registered under the Financial Services Compensation Scheme. As Vanquis Bank is independent of any other UK bank and building societies your savings with Vanquis Bank are eligible for the full FSCS protection.
Vanquis Bank offers Fixed Rate Bonds to UK customers and has opened over 10 thousand accounts since launching in July 2011. Vanquis Bank High Yield has been shortlisted for the Moneyfacts Awards 2013 in the Best Fixed Rate Account Provider category.
Vanquis Bank provides Visa-branded credit cards to UK customers who can find themselves excluded by mainstream credit card issuers. Vanquis Bank have already accepted over 1.8 million customers in the UK and has been named the Credit Today Awards Credit Card Provider of the Year for 2009, 2010, 2011 and 2012.
Provident Financial, our parent company, has the largest home credit business in the UK and Republic of Ireland. Provident Financial provides home credit through its Provident Personal Credit and Greenwood Personal Credit businesses, with 10,500 local agents visiting 1.8 million customers (around one in 20 UK households) to issue loans and collect payments every week.
Vanquis Bank is part of the Provident Financial Group, a leading UK financial provider. Joshua Kelley Waddilove, who devised a system to help local families buy what they needed, when they needed it with vouchers that could be used in local shops, founded the company in Bradford in 1880. The families then paid for the vouchers in small affordable weekly instalments.
Since then Provident Financial Group has grown, leading to the establishment of a home credit group in the 1990s. Provident Financial is now a FTSE 250 company listed on the London Stock Exchange.
Provident Financial Group set up Vanquis Bank in 2002 and by May 2003 Vanquis Bank had issued their first credit card. Today Vanquis Bank has call centres and operations in Chatham, Bradford and London and has accepted over 1.8 million customers in the UK.
In July 2011 Vanquis Bank launched Vanquis Bank High Yield offering Fixed Rate Bonds and opened its call centre in Newcastle.