THREE YEAR FIXED RATE BOND

Account name

Fixed Rate Bond to 30th September 2013.

Interest rates (AERs)

Annual interest	Gross	Net	AER
£1,000 - £250,000	3.75%	3.00%	3.75%

Monthly interest
£5,000 - £250,000	3.69%	2.95%	3.75%

You may choose to receive your interest payments monthly or annually. Annual interest will be added to the Bond on 30th September each year. Monthly interest payments can either be credited to your bank account or another Vernon account.

Tax status

Interest is normally paid net after deduction of income tax or gross, subject to an individual certifying their eligibility using the HMRC form R85. If you are unsure of your eligibility to receive gross interest you can visit the HMRC website to find out more and to obtain the form R85.

Conditions for bonus payment

Not applicable

Withdrawal arrangements

No withdrawals are permitted and the bond may not be closed until the maturity date.

Access

Post / branch

Minimum/ maximum limits

Minimum:

Annual interest, £1,000

Monthly interest, £5,000

Maximum:

£250,000

May I add to the account during the term?

No, your initial investment is the only amount permitted.

What happens when my Fixed Rate Bond matures?

We will write to you prior to your bond maturing to inform you of the various savings options available. In the absence of your instructions by the maturity date, your investment will receive a rate of interest equivalent to our Instant Access account rate at that time.

Opening an account with the Vernon could not be easier – simply read through our Terms & Conditions, complete an application form and take or post it to your nearest branch along with your initial investment and identification documentation. Click here for details of our identification requirements.

Please note that as a Society which aims to deliver products and services to local people we only accept applications from investors who live within a 25 mile radius of Stockport.

I received a friendly and efficient service, especially from the Poynton branch.
Mrs M, Poynton

Need help? Call us

0161 429 6262

or we’ll call you, click here...

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

*The 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Vernon Building Society is authorised and regulated by the Financial Services Authority (registration number 195475). It holds the following authorisations: to advise on and arrange mortgage business; to arrange general insurance business; and to introduce mortgage, general insurance, life assurance and investment business. You can check this on the FSA's website www.fsa.gov.uk/pages/register. We are also a participant of the Financial Services Compensation Scheme (FSCS). Details of the scheme can be obtained from www.fscs.org.uk

For independent information about financial products and services visit www.moneymadeclear.org.uk

Vernon Building Society • 19 St Petersgate • Stockport • SK1 1HF

Tel: 0161 429 6262 • Fax: 0161 429 6996 • Email: info@thevernon.co.uk