35-Day Notice Account (Issue 2)

The interest rate is variable. Interest is calculated daily and added to your account annually on the 31st March. Interest is paid gross without tax deducted.

*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.

We have the right to vary the rate of interest at any time.

Please see section 10 of our General Savings Account Terms & Conditions for a more detailed explanation which sets out when we can vary the interest rate and how and when we will notify you if this happens. A copy of the General Savings Account Terms and Conditions are provided when you open the account.

£1,007.50

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 the 12-month period and that the interest rate does not change.

This account is only available to UK residents aged 18 or above, that live within a 25-mile radius of our Stockport Head Office, i.e., the postcode noted on the account must be within 25-miles of postcode SK1 1HF.

You can open and manage the account in-branch or you can complete an application, and either email or post it back to us. Your transactions and balance will be printed in your passbook. Additionally, you can keep up to date by registering for our Online Services.

A minimum deposit of £1,000 is required to open the account.
The maximum balance is £200,000 plus any interest that is added to the account. 

You can deposit by cash or cheque in branch or by standing order or online banking.

There is no minimum withdrawal amount for this account. However, the minimum balance allowed on this account after a withdrawal to keep the account open is £1000.

You must notify us in writing or via Online Services, specifying the amount you wish to withdraw, 35 days before making a withdrawal. If this falls on a non-working day, the withdrawal will be made on the next working day. 

Withdrawals without notice are not permitted. 

Withdrawals are paid by cheque or via Faster Payment directly to your nominated bank account or to another Vernon Building Society account in your name. Cash withdrawals are not permitted.

Please also refer to section 12 of the General Savings Terms & Conditions 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 General Savings Account Terms & Conditions.