Vernon Homebuilder Savings Account
Full product details for the Vernon Homebuilder Savings Account, including application criteria, introductory rates, rates, isas, children's savings, over 50s isas, account access, account management, fees & charges, business accounts and structured investment plan.
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Vernon Homebuilder Savings Account Features & Benefits
| Account Type | Regular Saver | |
| Rate Type | variable | The type of interest rate is variable. |
| Headline Interest Rate | 1.5% | The headline interest rate is 1.50% AER. |
| Headline Interest Balance | £10 | 10 |
| Maximum Number of Withdrawals | 1 withdrawals | The maximum amount of withdrawals permitted each year to earn the citied interest rate is 1. |
| Minimum Monthly Investment | £10 | The monthly minimum credit is £10. |
| Online Access | no | Transactions cannot be carried out via the internet |
| Branch Access | yes | Transactions can be made at a branch |
| Phone Access | no | Transactions cannot be made by telephone |
| Withdrawal Restrictions | no notice, penalty or charge | There is no notice, penalty or charge on withdrawal. One withdrawal can be made per year without affecting the bonus. |
| Introductory Bonus | 0% | No introductory bonus payable. |
| Introductory Bonus Conditions | Vernon mtg & no > 1 w/d | Bonus Conditions - The investor must have made no more than 1 withdrawal per year and have completed a Vernon mortgage in order to qualify for the bonus. The bonus is equivalent to 10% of the capital balance in the account (excluding any interest credited). The maximum qualifying capital balance is £10,000. The bonus will be paid on the date of the mortgage application by cheque. The bonus will be paid in addition to any other Vernon mortgage scheme offer. In the case of a joint mortgage application only one bonus will be paid. |
| Withdrawal Notice | 0 days | There is no notice required for withdrawals. |
| Minimum Initial Investment | £10 | Minimum investment of £10. |
| Minimum Number of Payments | 1 | The minimum number of payments required to receive the cited interest rate is 1. |
| Availability | restricted | Vernon Building Society will accept new accounts within a 25 mile radius of Stockport. This includes the following postcode areas: HX, OL, PR, BL, WN, WA, CW, SK, HD, M, S30, BB. Regular monthly payments must be made into this account.The minimum monthly credit for this account is £10. The maximum monthly credit for this account is £500. |
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Scottish Widows Bank Direct Transfer
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West Bromwich Building Society 1 Year Fixed Rate ISA
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