Fixed-Term 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.

Fixed-Rate Bond to 31st July 2023

Minimum Deposit

£5000.00

Interest Rate (Gross/AER)

1.30%

Interest Payable

1.30% AER

Withdrawals

No

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

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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.


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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