What interest rate does the Vernon Building Society Young Saver Easy Access pay?

The Vernon Building Society Young Saver Easy Access pays 3.00% AER variable.

How much interest could I earn?

Saving £10,000 for 1 year would earn about £300 at 3.00% AER. This assumes the rate stays the same and interest stays in the account.

How much can I pay in?

You can deposit at least £1 and up to £85,000.

Who can open this account?

New and existing Vernon Building Society customers can open it. You can open it online, in branch or by post.

Is my money protected?

Yes. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking licence.

How does it compare with other children's savings accounts?

At 3.00% AER it ranks 33rd of 73 children's savings accounts we track. The best pays 5.00% and the average is 2.93%.

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Children's Savings

Vernon Building Society Young Saver Easy Access Review

A children's savings account from Vernon Building Society. It ranks 33rd of 73 children's savings accounts we track.

Rate checked Oct 2026Got this account? Leave a review

Variable rate

3.00%AER

Account type: Easy access
Maximum age: 17

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

£85,000

Access

Instant

Interest paid

Annually

How It Stacks Up

Ranks 33rd of 73

Children's savings accounts we track

Just above average

This account 3.00%

UK CPI (Aug 2026): 3.10%; Pays 0.10% less
Average children's savings: 2.93%; Pays 0.07% more
Best children's savings: 5.00%; Pays 2.00% 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 instant access

Worth Weighing Up

Con: The rate is variable, so it can go down

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Estimated returns with Vernon Building Society's Children's Savings

What you could earn with Vernon Building Society's Young Saver Easy Access.

Estimated interest

£1,000 saved

£30.00

At 3% AER

£5,000 saved

£150

At 3% AER

£10,000 saved

£300

At 3% AER

£85,000 saved

£2,550

At 3% 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.

2 alternatives to Vernon Building Society's Young Saver Easy Access3 alternatives to Vernon Building Society's Young Saver Easy Access

Same type of account, closest on rate.

Common questions about the Young Saver Easy Access

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Easy Access rate just dropped

A top provider just cut their rate. Here's what you need to know about the latest market shift.

Example Easy Access Saver Rate Down

4.20% AER

4.75%

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Vernon Building Society Young Saver Easy Access Review

How It Stacks Up

A Good Fit For

Worth Weighing Up

Estimated returns with Vernon Building Society's Children's Savings

2 alternatives to Vernon Building Society's Young Saver Easy Access3 alternatives to Vernon Building Society's Young Saver Easy Access

Common questions about the Young Saver Easy Access

What interest rate does the Vernon Building Society Young Saver Easy Access pay?

How much interest could I earn?

How much can I pay in?

Can I withdraw my money?

When is interest paid?

Who can open this account?

Is my money protected?

How does it compare with other children's savings accounts?

Easy Access rate just dropped

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