Help to Buy ISA - Vernon

Help to Buy ISA

Vernon
2.85 % AER
Headline Interest Rate
FSCS
Compensation Scheme
Up to £ 1,200 initial lump sum
Up to £ 200 per month
  • Open By:

About the account

Headline Interest Rate: 2.85 % AER
Headline Interest Balance: £ 1
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Transfers In: No
Minimum Initial Deposit: £ 1
Date account was introduced: 18 Jul 2016
Date of last rate changed: 18 Jul 2016
Maximum rate change: 0.25 %

This account may be appropriate for you if

  • You qualify for a Help to Buy ISA
  • You are over 16 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: annually
Minimum Balance: £ 1
Maximum Balance: Unlimited
Statement Frequency: annually
Additional Deposits: Not allowed
Standing Orders: Not allowed
Passbook: Passbook available.

Withdrawals

Withdrawal Conditions: Instant access available, but if a withdrawal is made then no bonus can be claimed from the Government, in respect of these funds.
Minimum Withdrawal: £ 1
Notice and Penalty Charge: No notice, penalty or charge is made for withdrawals
Free Withdrawal Conditions: all w/ds free
Minimum balance for instant access withdrawals 1

Conditions

Area Restrictions: This account is available to those that live within a 25 mile radius of Stockport or customers who are existing members.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse
Restricted Availability: This product is only available to first time buyers.

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