Fixed Rate

Vernon Building Society Fixed-Rate Bond Review

A one-year fixed rate bond from Vernon Building Society, running for 11 months, with a £5,000 minimum deposit. It ranks 58th of 69 one-year fixed rate bonds we track.

Fixed rate · 11 months

4.10%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£5,000

Max balance

£250,000

Access

At maturity only

Interest paid

Annually

How It Stacks Up

Ranks 58th of 69

1-year fixed bonds we track

Below average
This account 4.10%
UK CPI (Aug 2026)
3.10%
Pays 1.00% more
Average 1-year fixed
4.47%
Pays 0.37% less
Best 1-year fixed
5.12%
Pays 1.02% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

Compare fixed bonds

A Good Fit For

  • Pro: New and existing savers

Worth Weighing Up

  • Con: Your money is locked in for 11 months
  • Con: You need at least £5,000 to open it

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Estimated returns with Vernon Building Society's Fixed Rate

What you could earn with Vernon Building Society's Fixed-Rate Bond.

Estimated interest

£5,000 saved

£188

At 4.1% AER

£10,000 saved

£375

At 4.1% AER

£50,000 saved

£1,876

At 4.1% AER

£250,000 saved

£9,380

At 4.1% AER

Estimated over the 11-month term, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Vernon Building Society Fixed-Rate Bond

Jan WatermannCo-Founder, DepositScout

Vernon Building Society's Fixed-Rate Bond pays 4.10% until 30 September 2027, which sits below the market average for fixed-rate bonds and 1.25% behind the category leader at 5.35%, so this is not a rate I would choose without a good reason. It does beat August 2026 CPI of 3.1% by 1.00%, so your money grows in real terms, but that is a low bar. The minimum is £5,000 and there is no access until maturity, which is the central catch here. Savers wanting a shorter commitment might look at OakNorth Bank's Fixed Term 12 Months at 4.96% instead.

Compare Fixed Rate Bonds

2 alternatives to Vernon Building Society's Fixed-Rate Bond

Same type of account, closest on rate.

Common questions about the Fixed-Rate Bond

D

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