A savings account that gives easy access to your money providing you make no more than three withdrawals each calendar year.
Triple Access
3.40% Gross*/AER*
Interest is calculated daily and added to your account annually on the 31st December.
Yes, the rate is variable. That means we can move it, up or down.
Section 10 of our ‘Terms and Conditions for Savers’ explains when we can do this, and how we’ll let you know.
£1,034.00
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 a 365-day period starting from the 1st January, and that the interest rate does not change.
This account is only available to UK residents aged 18 or over. You can only hold one Triple Access account at a time. Joint accounts are allowed, but each account holder will be treated as having a Triple Access account and cannot hold another one in their own name. If you close your account, you cannot open another Triple Access account in the same calendar year.
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.
A minimum deposit of £500 is required to open the account. The maximum balance is £20,000.
Deposits can be made in branch by cash or cheque, standing order or online banking.
You can operate your account in branch and through our Online Services.
Withdrawals can be made up to three times each calendar year without notice or penalty. After this, your money cannot be withdrawn until the start of the following calendar year. If you close your account this counts as one of the permitted withdrawals.
Withdrawals from the account can be made in branch, over the telephone or through our Online Services.
Withdrawals in branch can be made by cash, cheque, or Faster Payment. Withdrawals over the telephone or through Online Services will be sent by Faster Payment directly to your nominated bank account or to another Vernon Building Society account in your name.
There is no minimum withdrawal amount for this account. However, some balance must remain to avoid it being closed.
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.
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.
Gross
This means we do not take income tax off the interest.
Personal Savings Allowance (PSA)
You may need to pay tax on any interest that takes you over your PSA. The treatment of your account for tax purposes will depend on your individual circumstances. All tax information is based on our understanding of current law and HM Revenue & Customs practice, both of which may change. For more information, visit hmrc.gov.uk
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Print and complete this form and email to: info@thevernon.co.uk or post to your nearest branch.
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Did you know that your eligible deposits with the Vernon are protected up to a total of £120,000 (£240,000 for joint accounts) by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme?
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