sentinel 40 notice account
Do you want to make the most of your savings?
With our Sentinel 40 notice account we can help you make the most of your savings. You can open an account with £10,000 and save more whenever you wish. Plus the more you save, the higher the rate of interest you earn. And if you do need access to your savings at any time, you can give us 40 days' notice to withdraw from your notice account without losing interest.
If you would like a regular income from your investment, with this savings account you can choose to have your interest paid monthly at a slightly reduced interest rate. To give you easy access, we will pay your interest into another of our savings accounts or direct into your bank account.
So if you want a notice account which makes your savings work for you, take a closer look.
What are the full terms and conditions?
- Account name:
- Sentinel 40 Notice Account
- Minimum amount to open the account:
- £10,000.00
- Maximum Investment:
- £500,000.00
- Investment conditions:
- You can make investments at any branch or agency and at any time, until you reach the maximum balance of £500,000.
- Withdrawal conditions:
- You can withdraw money at branch or agency, subject to their withdrawal limits. You can withdraw money at any time, but unless you give us the required notice, you will lose 40 days' interest on the amount you withdraw.
- Notice period:
- You can give us 40 days' notice to withdraw money from the account without losing interest.
If you choose to make an immediate withdrawal, or you do not give us the full 40 days' notice, you will lose 40 days' interest on the amount you withdraw. - Interest payment:
- Interest is calculated on a daily basis and is paid on 31 March each year. It can be added to this account, transferred to another Darlington Building Society account or credited direct to your bank account.
Monthly interest is available at a slightly reduced rate to that shown below. It can be transferred to another of our savings accounts or direct into your bank account. Please ask for details of interest rates. - Eligibility:
- The account can be opened in just your name or in joint names.
Current interest rates
| Amount | Gross * | Gross AER # | Net * |
|---|---|---|---|
| £10000+ | 3.68% | 3.68% | 2.94% |
| £25000+ | 4.18% | 4.18% | 3.34% |
| £50000+ | 4.68% | 4.68% | 3.74% |
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 each year.
