instant access account
Do you need instant access to your money?
Click here for the summary box - key product information for this savings account.
The Darlington Building Society Instant Access account offers you all the flexibility you need. You can operate your account through any of our branches and if you do need access to your savings you can make a withdrawal without giving us notice and you will not lose any interest.
You can open an Instant Access account with as little as £1 and save up to £500,000.
So if you want a savings account which offers you instant access, take a look at the full terms and conditions below.
What are the full terms and conditions?
- Account name:
- Instant Access Account
- Minimum amount to open the account:
- £1.00
- Maximum Investment:
- £500,000.00
- Investment conditions:
- You can pay in to the account at any branch or agency up to a limit of £500,000.
- Withdrawal conditions:
- You can make withdrawals at any branch or agency, in line with their withdrawal limits. You do not have to give us notice to withdraw money and you will not lose any interest.
- Interest payment:
- We work out interest every day and pay it on 31 December each year. It can be added to this account or transferred to another Darlington Building Society account.
- Eligibility:
- You can open this account in just your name or in joint names.
- Freedom card:
- An ATM Instant Access account is available. This gives you a Freedom Card which can be used in our own network of ATMs.
Current interest rates
| Amount | Gross * | Gross AER # | Net * |
|---|---|---|---|
| £1+ | 0.05% | 0.05% | 0.04% |
| £50000+ | 0.10% | 0.10% | 0.08% |
Please make sure that you have read and fully understand the full terms and conditions before you decide to open this account. If you need any further information please telephone 01325 366366, email sales@darlington.co.uk or contact your local branch.
You should also read our general terms and conditions which you can download to the left of this page and which also form part of the terms and conditions of this account.
We are part of the Financial Services Compensation Scheme.
* - The gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law, and the net rate is the rate of interest which would be payable after allowing for the deduction of income tax at the specified rate. Interest will be payable net after the lower rate of income tax has been deducted or, subject to the required certification, gross. Where the tax deducted exceeds an investor's tax liability (if any), a claim may be made to the Inland Revenue for repayment of tax. For individuals whose income falls within the lower or basic rate bands, the tax deducted will match their liability to tax on the interest and they will have no more tax to pay on it. Individuals who are liable at the higher rate of income tax of 40% will have to pay an additional tax on the interest to cover the difference between the tax deducted and the higher rate of tax due.
# - A.E.R. stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once each year.
