Fixed RateCompare 1 Year Fixed Rate Bonds

Vernon Building Society Fixed-Rate Bond until 31 Oct 2027 Review

A one-year fixed rate bond from Vernon Building Society, with a £5,000 minimum deposit. It ranks 69th of 77 one-year fixed rate bonds we track.

Fixed rate · 1 year

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 69th of 77

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
4.56%
Pays 0.46% less
Best 1-year fixed
5.15%
Pays 1.05% 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 1 year
  • 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

£205

At 4.1% AER

£10,000 saved

£410

At 4.1% AER

£50,000 saved

£2,050

At 4.1% AER

£250,000 saved

£10,250

At 4.1% AER

Estimated over one year, 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's Fixed-Rate Bond pays 4.10% until 31 October 2027, which beats August 2026 CPI of 3.1% by 1.00%, so your money does grow in real terms. That said, the rate sits below the market average for fixed-rate bonds, and 1.27% behind the category leader at 5.37%, so it is hard to recommend over alternatives like OakNorth Bank's Fixed Term 12 Months at 4.82%. The other catch is straightforward: no access until maturity, so only commit funds you will not need before then.

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

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