Vernon Building Society Help to Buy ISA
|Branch access||Online account||Minimum saving amount||Maximum saving amount||Interest paid|
Whether you can operate the account through a bank branch.
Whether the account can be managed online.
The minimum amount you have to keep in the account.
The maximum amount you can keep in the account.
How often interest is paid.
Vernon Building Society customer satisfaction scorecard:How do we work this out?
|Clarity of statement||Interest rate information||Regular contact||Customer service||Overall customer score|
|Minimum saving amount||£1|
|Maximum saving amount||N/A|
|Minimum initial deposit||£1|
|Restricted locations note||Only available to investors that live within 25 miles of Stockport.|
|Existing customer note||N/A|
|Account type||ISA Instant Access|
|ISA transfers allowed||No|
|Minimum regular monthly deposit||N/A|
|Maximum regular monthly deposit||£200|
|Withdrawals note||Unlimited withdrawals can be made from the account without penalty through branch or online, however you cannot claim the government bonus on any money you withdraw.|
|Notice period||0 days|
|Account fee charged||N/A|
|Part of FSCS||Yes|
|FSCS note||The first £85,000 per person, per UK banking licence, is protected by the Financial Services Compensation Scheme (FSCS). Under the UK Scheme if you have also borrowed from the failed bank or building society, the compensation will not be reduced to repay your debt. Separate arrangements will be made for this. Some banks and building societies share the same banking licence. Where this is the case, your £85,000 protection is across all the companies sharing the licence, not each individual company.|
|Interest paid type||Paid Away or Compound|
|Introductory bonus note||N/A|
|Conditional bonus note||The Government bonus is available to first time buyers purchasing UK properties of up to £250,000 (£450,000 in London). The minimum bonus is £400, which means that you will not be eligible if the closing balance is less than £1,600. The maximum bonus is £3,000, which means that any part of the closing balance which exceeds £12,000 will not be included when calculating the amount of the bonus.|
|From (£)||To (£)||AER including bonus (%)||Bonus rate (%)||AER excluding bonus (%)||Interest type|