Fixed Rate

Vernon Building Society Fixed-Rate Bond Review

A three-year fixed rate bond from Vernon Building Society, running for 33 months, with a £5,000 minimum deposit. It ranks 34th of 46 three-year fixed rate bonds we track.

Fixed rate · 33 months

4.40%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 34th of 46

3-year fixed bonds we track

Below average
This account 4.40%
UK CPI (Aug 2026)
3.10%
Pays 1.30% more
Average 3-year fixed
4.66%
Pays 0.26% less
Best 3-year fixed
5.18%
Pays 0.78% 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 33 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

£629

At 4.4% AER

£10,000 saved

£1,257

At 4.4% AER

£50,000 saved

£6,285

At 4.4% AER

£250,000 saved

£31,427

At 4.4% AER

Estimated over the 33-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 4.40% until 31 July 2029, which does beat inflation by 1.30% against a CPI of 3.1%, so your money grows in real terms. That said, the rate sits below the market average for fixed-rate bonds, and the best available across that category is 5.35%, putting this 0.95% behind the leader. You need at least £5,000 to open it and there is no access whatsoever until maturity, so this suits someone who can genuinely lock money away and is comfortable staying with a regional building society rather than chasing the top rate.

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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