Fixed-Rate Bonds

Want to save for something in the future? Taking out a fixed-rate bond means you won't have access to your funds until the maturity date; however, you may secure a better rate for the period of the bond.

Account Interest rate Open from Withdrawals Useful information
Fixed-Rate Bond to 30th June 2025

4.15%

Gross p.a

4.15% AER

£5,000 Not permitted
  • Save up to £85,000 per individual
  • Ages 18 and over
  • Open in branch or online
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Monthly Income Fixed-Rate Bond to 31st January 2026 4.20% AER

4.12%

Gross p.a

4.20% AER

£20,000 Not permitted
  • Save up to £100,000 per individual
  • Ages 18 and over
  • Open in branch or online
View

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.

Fixed-Rate Bonds Explained

Thinking about saving with a Fixed-Rate Bond?

Here's everything you need to know.

Fixed-Rate Bonds Explained

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