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Vernon Building Society Fixed-Rate Bond until 31 Oct 2029 Review

A three-year fixed rate bond from Vernon Building Society, with a £5,000 minimum deposit. It ranks 40th of 49 three-year fixed rate bonds we track.

Fixed rate · 3 years

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 40th of 49

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
4.72%
Pays 0.32% less
Best 3-year fixed
5.23%
Pays 0.83% less

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

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A Good Fit For

  • Pro: New and existing savers

Worth Weighing Up

  • Con: Your money is locked in for 3 years
  • 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

£689

At 4.4% AER

£10,000 saved

£1,379

At 4.4% AER

£50,000 saved

£6,895

At 4.4% AER

£250,000 saved

£34,473

At 4.4% AER

Estimated over the 36-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 October 2029, which does at least beat August 2026 CPI of 3.1% by 1.30%, so your money grows in real terms. That said, the rate sits below the market average for fixed-rate accounts, and the market leader across that category is paying 5.37%, leaving this 0.97% behind. You need at least £5,000 to open and there is no access whatsoever until maturity, so this suits someone happy to lock away a lump sum for the full term who prefers a building society over alternatives like Buckinghamshire Building Society's Bucks Fixed Rate Bond at 4.83%.

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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