Our notice accounts provide a higher rate of interest in exchange for requiring a notice period to make any withdrawals.
| Account | Interest rate | Open from | Withdrawals | Useful information | |
|---|---|---|---|---|---|
| 35-Day Notice Account (Issue 2) | 4.10% Gross p.a4.10% AER |
£500 | 35-Days Notice Required |
|
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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.
Here's everything you need to know.
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