Fixed Rate

Vernon Building Society Monthly Income Fixed-Rate Bond Review

A fixed rate bond from Vernon Building Society, running for 32 months, with a £20,000 minimum deposit. It ranks 180th of 274 fixed rate bonds we track.

Fixed rate · 32 months

4.40%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£20,000

Max balance

£150,000

Access

At maturity only

Interest paid

Monthly

How It Stacks Up

Ranks 180th of 274

Fixed bonds we track

Below average
This account 4.40%
UK CPI (Aug 2026)
3.10%
Pays 1.30% more
Average fixed bond
4.56%
Pays 0.16% less
Best fixed bond
5.35%
Pays 0.95% less

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

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A Good Fit For

  • Pro: New and existing savers
  • Pro: Savers who want a monthly income

Worth Weighing Up

  • Con: Your money is locked in for 32 months
  • Con: You need at least £20,000 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 Monthly Income Fixed-Rate Bond.

Estimated interest

£20,000 saved

£2,434

At 4.4% AER

£25,000 saved

£3,042

At 4.4% AER

£50,000 saved

£6,084

At 4.4% AER

£150,000 saved

£18,252

At 4.4% AER

Estimated over the 32-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 Monthly Income Fixed-Rate Bond

Jonny PeaseCo-Founder, DepositScout

Vernon's Monthly Income Fixed-Rate Bond pays 4.40% with interest landing in your account each month, which suits anyone drawing a regular income from savings. That said, 4.40% sits below the market average for fixed-rate bonds, and the market leader across all terms is paying 5.35%, so you are 0.95% behind the best available. The minimum is a fairly steep £20,000, and your money is locked until 30.06.2029 with no access at all. It does beat August 2026 CPI of 3.1% by 1.30%, so at least you are preserving real value.

Compare Fixed Rate Bonds

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

Same type of account, closest on rate.

Common questions about the Monthly Income Fixed-Rate Bond

D

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