Instant Access
Transactional Accounts

Instant Access

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Account Details

Suitable for savers who require an account for transactional activity.

This account is available to UK residents only who live within a 25-mile radius from the postcode noted on the account to our Stockport head office postcode SK1 1HF.  

Key Features

A flexible savings account that is also easy to operate. It's been designed to suit the saver who wants the reassurance that they can access their savings without notice.


  • Open with just £10
  • Withdraw anytime without notice
  • Pay money in by cash or cheque in branch, or by standing order/direct transfer from your bank account
  • Access online or in branch

Product Summary

Account Name

Instant Access

What is the interest rate?

Annual Interest Gross Rate* Gross AER**
£0+ 0.00% 0.00%
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.

Can the Vernon Building Society change the interest rate?

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

Please see section 10 of our General Savings Account Terms & Conditions brochure 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 this brochure is provided when you open the account with us.

What would the estimated balance be after 12 months based on a £1,000 initial deposit?


This projection is provided for illustration only and does not take into account individual circumstances. This assumes an initial deposit of £1,000 and no further deposits or withdrawals have been made over the 12 month period and that the interest rate does not change.

How do I open and manage my account?

This account is available to UK residents only who live within a 25-mile radius from the postcode noted on the account to our Stockport head office postcode SK1 1HF.  

You can open and manage the account in branch or by post. 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 £10 is required to open the account. 
The maximum balance is £250,000.

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

Can I withdraw money?

Withdrawals from the account can be made in branch or through our Online Services.

Please refer to section 12 of the General Savings Terms & Conditions brochure for further information.

Additional 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.

2 easy ways to apply

Apply in branch


Book an appointment at your local branch and speak to one of our friendly advisors

Apply online

Apply Now

Ready to apply? Download our application form here, complete it and email it to

Apply by phone

Got a question? Give us a call

0161 429 6262

Monday - Friday

08:45 - 17:00

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