sentinel 30 notice account
Do you want to a notice account which rewards you the more you save?
Click here for the summary box - key product information for this savings account.
Our Sentinel 30 savings account is a notice account with a difference. If you save more than £10,000 in your Sentinel 30 account, and the balance in your account remains over £10,000 after you have made a withdrawal, you can have instant access to your savings without giving us notice or losing interest!
If the balance in your Sentinel 30 notice account is below £10,000, you can give us 30 days' notice to withdraw without losing interest.
You can open this savings account with £500 and save more whenever you wish. Plus the more you save the higher the rate of interest you will earn. So if you are looking for a notice account with a difference, read on for the full terms and conditions.
What are the full terms and conditions?
- Account name:
- Sentinel 30 Notice Account
- Minimum amount to open the account:
- £500.00
- 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 any branch or agency. You can make a withdrawal without losing any interest by giving us 30 days' notice, or if the balance after your withrawal remains over £10,000.
- Notice period:
- If your balance is under £10,000, you can give us 30 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 30 days' notice you will lose 30 days' interest on the amount you withdraw.
- Interest payment:
- Interest is calculated on a daily basis and is paid on 30 June each year. It can be added to this account, transferred to another Darlington Building Society account or direct to your bank account.
- Eligibility:
- The account can be opened in just your name or in joint names.
Current interest rates
| Amount | Gross * | Gross AER # | Net * |
|---|---|---|---|
| £500+ | 0.05% | 0.05% | 0.04% |
| £10000+ | 0.05% | 0.05% | 0.04% |
| £25000+ | 0.15% | 0.15% | 0.12% |
| £50000+ | 0.33% | 0.33% | 0.26% |
| £100000+ | 0.78% | 0.78% | 0.62% |
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.
