Minimum Deposit


Interest Rate (Gross)

Tax Free 4.25%

Interest Rate (AER)

4.25% AER


90-Days Notice

Designed for savers that:

Want tax-free interest

Can give 90 days’ notice for withdrawals

Can leave a minimum balance of £1,000

Not designed for savers that:

Need easy access to their savings

Want a fixed rate of interest

Are under the age of 18

Product Summary

Account Name

90-Day Notice Cash ISA

What is the interest rate?

4.25% Tax Free*/AER*

Interest is calculated daily and added to your account annually on the 31st March.

Can the Vernon Building Society change the interest rate?

Yes, the rate is variable. That means we can move it, up or down.

Section 10 of our ‘General Savings Account Terms and Conditions’ explains when we can do this, and how we’ll let you know.

What would the estimated balance be after 12 months based on a £1,000 initial deposit?


This projection is provided for illustration only and does not consider individual circumstances. This assumes an initial deposit of £1,000, no further deposits or withdrawals being made over a 365-day period starting from the 1st April, and that the interest rate does not change.

How do I open and manage my account?


This account is only available to UK residents aged 18 or above, living in the following postcodes: BL, CH, CW, M, OL, SK, WA or WN.


Opening the account

You can open an account in branch or by downloading an application form from our website and emailing or posting it to us. From the date the account is opened, you have 14 days in which to change your mind and close it without notice or penalty.


Managing the account

You can operate your account in branch and through our Online Services.

A minimum deposit of £1,000 is required to open the account. The maximum deposit is the Cash ISA subscription limit (currently £20,000) in any one tax year. The subscription limit is set by HM Revenue & Customs.

ISA Transfers are not accepted.

Deposits can be made in branch by cash or cheque, standing order or online banking.

Can I withdraw money?

You should notify us through your branch or via Online Services, specifying the amount you wish to withdraw, 90 days before making a withdrawal. If this falls on a non-working day, the withdrawal will be made on the next working day.

Withdrawals from the account can be made in branch, over the telephone or through our Online Services.

Withdrawals without notice are permitted, however you will incur a penalty equivalent to 90 days’ interest. This will be deducted from the accrued interest, and where there is insufficient accrued interest, it will be deducted from your account balance.

Withdrawals in branch can be made by cheque or Faster Payment. Cash withdrawals are not permitted. Withdrawals over the telephone or through Online Services will be sent by Faster Payment directly to your nominated bank account or to another Vernon Building Society account in your name.

There is no minimum withdrawal amount for this account. However, the minimum balance remaining after a withdrawal must be £1,000.

This account is not a Flexible ISA, meaning you cannot withdraw funds from your account and replace them without it counting towards your annual ISA allowance.

Please also refer to section 12 of the General Savings Terms & Conditions brochure for further information.

Additional information

The information contained in this summary box forms part of the terms and conditions of the account and should be read in conjunction with our General Savings Account Terms & Conditions. Section B contains specific Additional Conditions which relate to Cash ISA products.

Your ISA savings and interest are tax exempt and do not count towards your Personal Savings Allowance. The tax treatment of ISAs may be subject to change in the future by Government and HM Revenue and Customs.


ISA Transfers

Transfers in

Transfers into this account are not accepted.

Transfers out

You can transfer funds held in this account to another provider (penalty interest is charged if notice is not given). 

  • Previous years subscriptions can be transferred in full or in part.

  • Current year’s subscriptions must be transferred in full.


*Interest rate terms explained:


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


Tax-Free means that interest is not subject to income tax.

Need some more information about ISAs?


It's easy to apply...

Apply in branch


Book an appointment to speak with one of our friendly advisers in-branch or over the phone.



Print and complete this form and email to: or post to your nearest branch.




0161 429 6262

Financial Services Compensation Scheme

Did you know that your eligible deposits with the Vernon are protected up to a total of £85,000 (£170,000 for joint accounts) by the Financial Services Deposit Scheme (FSCS), the UK's deposit guarantee scheme?

Learn more about the FSCS

Got a question about savings?

Jump over to our savings help centre and see if we can answer it for you.


Savings Jargon Buster

There are a few considerations to make when opening a savings account, so we've explained as many terms as we can.