If you require a safe but accessible place to keep your savings and have a minimum deposit of £500 to open an account, then the Easy Access account could be the account you are looking for.
This account is available to UK residents only who live within a 25-mile radius from the postcode noted on the account to our Stockport head office postcode SK1 1HF and are 18 years and above.
What is the interest rate?
The interest rate is variable. Interest is calculated daily and added to your account annually on the 31st March. Interest is paid gross without tax deducted.
*The gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
**The AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Can the Vernon Building Society change the interest rate?
We have the right to vary the rate of interest at any time.
Please see section 10 of our General Savings Account Terms & Conditions for a more detailed explanation which sets out when we can vary the interest rate and how and when we will notify you if this happens. A copy of the General Savings Account Terms and Conditions are provided when you open the account.
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 the 12-month period 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, that live within a 25-mile radius of our Stockport Head Office, i.e., the postcode noted on the account must be within 25-miles of postcode SK1 1HF.
You can open and manage the account in-branch or you can complete an application, and either email or post it back to us. Your transactions and balance will be printed in your passbook. Additionally, you can keep up to date by registering for our Online Services.
A minimum deposit of £500 is required to open the account.
The maximum balance is £250,000, plus any interest that is added to the account.
You can deposit by cash or cheque in branch or by standing order or online banking.
Can I withdraw money?
Withdrawals from the account can be made in branch, over the telephone or through our Online Services.
The minimum balance allowed on this account after a withdrawal in order to keep the account open is £0.01.
Please refer to section 12 of the General Savings Terms & Conditions brochure for further information.
The information contained in this summary box form part of the terms and conditions of the account and should be read in conjunction with our General Savings Account Terms & Conditions.
Book an appointment at your local branch and speak to one of our friendly advisorsBRANCH FINDER
08:45 - 17:00
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