Fixed Rate

Vernon Building Society Fixed-Rate Bond Review

An 18-month fixed rate bond from Vernon Building Society, running for 21 months, with a £5,000 minimum deposit. It ranks 12th of 15 18-month fixed rate bonds we track.

Fixed rate · 21 months

4.20%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 12th of 15

18-month fixed bonds we track

Below average
This account 4.20%
UK CPI (Aug 2026)
3.10%
Pays 1.10% more
Average 18-month fixed
4.62%
Pays 0.42% less
Best 18-month fixed
5.12%
Pays 0.92% 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 21 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

£373

At 4.2% AER

£10,000 saved

£747

At 4.2% AER

£50,000 saved

£3,733

At 4.2% AER

£250,000 saved

£18,663

At 4.2% AER

Estimated over the 21-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

Jonny PeaseCo-Founder, DepositScout

Vernon's Fixed-Rate Bond pays 4.20% until 31 July 2028, which beats August 2026 CPI of 3.1% by 1.10%, so your money does grow in real terms. That said, the rate sits below the market average for fixed-rate bonds, and the category leader is paying 5.35%, leaving Vernon 1.15% behind. The money is completely locked until maturity, so this suits savers who are certain they won't need between £5,000 and £250,000 for that period. I would still check Chetwood Bank's 18 Month Fixed Rate Savings at 4.90% before committing.

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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4.75%
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