Vernon Business Reserve Postal
Full product details for the Vernon Business Reserve Postal 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 Business Reserve Postal Features & Benefits
| Account Type | Business Instant Access Account | |
| Rate Type | variable | Interest payable is variable. |
| Headline Interest Rate | 2.1% | The headline interest rate is 2.10% AER. |
| Headline Interest Balance | £150,000 | £150000.00 |
| Maximum Number of Withdrawals | 48 withdrawals | The maximum number of withdrawals permitted per year is 48 to earn the cited interest rate. |
| Online Access | no | Transactions cannot be carried out via the internet. |
| Branch Access | no | Transactions cannot be made at a branch. |
| Phone Access | no | Transactions cannot be made by telephone. |
| Introductory Bonus | 0% | There is no introductory bonus offered with this account. |
| Minimum Initial Investment | £500 | The minimum initial deposit is £500 |
| Availability | restricted | This account is available to self-employed persons, family businesses, partnerships or associations which: - employ fewer than 10 persons - has a turnover or annual balance sheet that does not exceed 2 million Euros. |
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