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


Interest Rate (Gross/AER)


Interest Payable

1.30% AER



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

Help Centre

Got a question about savings?

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

Help Centre

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.


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