Fixed-Rate ISA to 30th April 2027

Fixed-Rate ISA to 30^th April 2027

3.95% Tax Free*/AER*

Interest is calculated daily and added to your account on the 30^th April each year.

The interest rate is fixed until maturity on the 30^th April 2027.

£5,197.50

This projection is provided for illustration only and does not consider individual circumstances. This calculation assumes the account is opened on the 1^st May 2026 and closes on 30^th April 2027 and no further deposits are made.

Eligibility

This account is only available to UK residents aged 18 or above.

Opening the account

You can open an account using our Online Services, 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.

Deposits can be made by cash, cheque, or bank transfer.

A minimum deposit of £5,000 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. Subject to this, additional funds may be added up to 14 days after the opening date of the account. ISA Transfers into this account are accepted subject to an overall maximum balance of £150,000.

Managing the account

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

This account does not allow withdrawals. It can only be closed or transferred and will be subject to a 180-day interest penalty. This will be deducted from the accrued interest, and where there is insufficient accrued interest, it will be deducted from your account balance. Therefore, you may get back less than what you put in.

Closures can be made in branch or through our Online Services.

Closures in branch are made by cheque or Faster Payment. Closures through Online Services are made by Faster Payment directly to your nominated bank account or to another Vernon Building Society account in your name.

Maturity

In the month of maturity, we will send you a Maturity Schedule outlining the options available at that time. If you wish to withdraw funds at term-end, you will need to complete this form and return it to the Society. On the date of maturity, unless you tell us otherwise, your investment will automatically transfer to a new 1 Year Fixed-Rate ISA. You will have 14 days to change your mind.

Please also refer to section 12 of the Terms & Conditions for Savers brochure for further 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 Terms & Conditions for Savers. 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 accepted. A transfer request form is available here.

Transfers out

You can transfer funds held in this account to another provider (a 180-day interest penalty 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

(Annual Equivalent Rate) differs from the Gross annual interest rate if interest is paid more than once a year. If interest is added to the account, it also earns interest, and the AER reflects this by showing the rate as if interest were paid annually.

Tax-Free

This means you do not pay income tax on the interest.