Young Saver Accounts

Simple and easy to use with plenty of access to savings, our Young Savers accounts allow plenty of flexibility and promote good savings habits early.

Young Saver Easy Access

Minimum Deposit


Interest Rate (Gross/AER)

Up to 1.50%

Interest Payable

Up to 1.50% AER


No Limit

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

Young Saver Accounts for foster children

You will need a signed letter from SMBC, which a supervising social worker can provide in place of proof of address. You will also need a copy of the child's birth certificate to open the account.

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