REGULAR SAVER ISA

Our Regular Saver ISA offers tax-free interest on regular savings whilst retaining easy access. Providing you meet the account conditions, we will reward you with a 1.50% annual interest bonus each year! 

You can save for as long as you like, building your balance over time. It has flexibility too, meaning you can change the amount you want to save each month and even take a break once a year if necessary.

If you are saving for a deposit to buy your first home then this account has an additional benefit as it pays a 10% bonus if you take your mortgage with the Vernon! (See below for details).  

PLEASE NOTE THAT THIS PRODUCT IS ONLY AVAILABLE TO INVESTORS THAT LIVE WITHIN A 25 MILE RADIUS OF STOCKPORT

Summary Box
Account name  Regular Saver ISA
Interest rates (AERs)  
Including bonusGrossNetAER
£25+2.50%N/A2.50%
Excluding bonus
£25+1.00%N/A1.00%
Tax status  Tax exempt
Conditions for bonus payment

A 1.50% interest rate bonus will be paid provided that you have:

  • met the terms and conditions of the account and;
  • made no more than 2 withdrawals and missed no more than 1 monthly payment during the period (1st April to 31st March or from the date of opening this account to 31st March)
Paying in Standing order, cash cheque or bank transfer
Withdrawal arrangements

2 withdrawals are allowed during each period (1st April to 31st March) without notice or penalty

Any further withdrawals will mean that the annual 1.50% interest rate bonus will not be payable on 31st March

Access  Branch / Online
Minimum/
Maximum limits

Minimum: £25 per month

Maximum: £500 per month

You have the flexibility to adjust the amount of your monthly payments as long as each monthly  payment is between £25 and £500.  Please note that should you wish to invest more of your annual ISA allowance than £6,000, the account may be unsuitable for you (see our ISA's Explained page for more information).

Transfers accepted? No
Other conditions

The information contained in this web page forms part of the terms and conditions of the account and should be read in conjunction with our General Savings Account Terms and Conditions

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

 

The Society reserves the right to close an account if more than 2 monthly payments are missed during the period 

 For more general information about ISAs and how they work, visit our 'ISAs explained' page

First time buyers additional benefit:

If you're saving for a deposit on a home, in addition to the benefits detailed above we'll give you an amount equivalent to 10% of the capital balance in your account when you complete a mortgage with us!

The maximum bonus payable is £1,000. Applies to first time buyers only. For joint mortgage applicants only one bonus will be awarded.

How To Apply

Opening an account with the Vernon could not be easier – simply read through our Terms & Conditions, complete an application form and a tax residency form and take or post them to your nearest branch along with a standing order form (if required) for making monthly payments. A minimum initial investment of £25 is needed to open the account. You will also need to provide proof of identity documentation. Click here for details of our identification requirements.  

I have been with the Vernon for many years and have always found the staff helpful and friendly.
Mr B, Hazel Grove