Selected savings rates will be changing from 1st March 2014.

We are making small reductions to the interest rates paid on selected savings accounts.

Due to the depressed rates in the wider savings market, the current rates payable on some of our accounts have been higher than the best rates available from our competitors for most of the last 12 months as we have sought to protect our existing loyal savers. We’ve been happy to sustain this position over 2013, but to do so we had to close many of our accounts to new customers in order to stem the large inflow of funds which they wanted to invest in the Society.
 
Going forward the Society needs to return to a ‘normal’ trading position in which savings flow in at a rate at which they can be lent out to borrowers, with accounts being available to new as well as existing members. Unfortunately, to achieve this we have to make selective interest rate cuts as, if we don’t, we run the risk of taking in new savings at an unsustainable rate.
 
To see our new rates from 1st March 2014 please click here.

Head office:

Vernon Building Society
19 St Petersgate
Stockport
SK1 1HF

Tel: 0161 429 6262
Fax: 0161 477 3303
Email: info@thevernon.co.uk

Telephone calls are recorded and may be monitored for regulatory and training purposes to help maintain service quality.

*The 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Vernon Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (registration number 195475).  You can check this on the Financial Services Register. We are also a participant of the Financial Services Compensation Scheme (FSCS). Details of the scheme can be obtained from www.fscs.org.uk

Telephone calls are recorded and may be monitored for regulatory and training purposes to help maintain service quality.

For independent information about financial products and services visit  www.moneyadviceservice.org.uk

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