Vernon Building Society Monthly Income Fixed-Rate Bond to 31st October 2029 Review4.40% AER (Sep 2026)

Fixed Rate from Vernon Building Society

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Protection

FSCS

Up to £120,000

Min balance

£20,000

Max balance

£250,000

Access

No access until maturity

Interest paid

Monthly

Who Is This For

Learn more about Vernon Building Society

New and existing savers
Savers happy with a £250,000 cap
Savers who can deposit at least £20,000
Savers who can lock money away for Until 31.10.2029

Additional Info

UK residents aged 18 or above; maximum one account of this type per person

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Calculate your tax liability for this accountSee what you might pay on the interest from Vernon Building Society's Monthly Income Fixed-Rate Bond to 31st October 2029.

Estimated returns with Vernon Building Society's Fixed Rate

Want to know how much interest you will receive with Vernon Building Society's Monthly Income Fixed-Rate Bond to 31st October 2029?

Estimated interest

£20,000 saved

£880

At 4.4% AER

£25,000 saved

£1,100

At 4.4% AER

£50,000 saved

£2,200

At 4.4% AER

£250,000 saved

£11,000

At 4.4% AER

Estimated over one year, assuming the rate stays the same and interest stays in the account. Amounts outside this account's minimum or maximum balance are left out.

Our Expert Opinion on Vernon Building Society Monthly Income Fixed-Rate Bond to 31st October 2029

This account suits someone with at least £20,000 who wants a predictable monthly income stream from their savings rather than a lump sum at the end, since interest is paid on the last day of each month to a separate account and cannot compound within the bond. The 4.40% rate is competitive for the term, though the money is completely locked away until 31 October 2029, so you need to be confident you will not need access before then. Worth noting that Vernon also offers a version of this bond at the same rate without the monthly income feature, and if you want a shorter commitment, Hampshire Trust Bank has a 9 Month Online Fixed Saver at 4.48%.
Jan Watermann (Co-Founder)DepositScout