high days & holidays bonus saver
Do you want a regular savings account which lets you save at your own pace for that special occasion or for that special purchase?
Click here for the summary box - key product information for this savings account.
Whether you want to save for your next holiday, your dream car, a family wedding, Christmas or indeed for any special event, our High Days and Holidays Bonus Saver can help you.
Our High Days and Holidays Bonus Saver offers remarkable flexibility; you can save any amount you like each month up to £250 and if you decide you don't want to save anything at all in any particular month that is your decision and we won't penalise you for it.
The High Days and Holidays Bonus Saver has been designed to help you save up for a special occasion so naturally at some point you will want to withdraw money from the account. We will allow you to make up to two withdrawals each calendar year between 1 January and 31 December without losing the bonus applicable on the account. These withdrawals can be made without notice or penalty.
If you make no more than two withdrawals from the account in each calendar year (1 January - 31 December) a bonus will be paid to your account on 31 December each year. The level of bonus may vary from time to time but it will be clearly stated on our Summary Interest Rate leaflet and on our website.
Example: If you open an account with £250 on the 1st of January and invest a further sums of £250 per month on the 1st of each following month, a total of £3,000 will be paid into your account during a 12 month term. At 1.00% interest you will earn approximately £16.31 interest (gross) but if you qualify for the 1.00% annual bonus the total interest you will earn during the 12 month term will be approximateley £46.31 (gross).
With our High Days and Holidays Bonus Saver there is now no excuse for you not to save up the money you will need for that special purchase or for that special occasion so why not open an account today?
What are the full terms and conditions?
- Account name:
- High Days & Holidays Bonus Saver
- Minimum amount to open the account:
- £1.00
- Investment conditions:
- You must open this account with a £1. The account is a flexible monthly savings plan.
You can save any amount each month you like up to a maximum of £250. You can vary the amount and number of investments into the account each month, providing you do not exceed the maximum of £250. There is no minimum investment and you can miss as monthly payments as you like.
If you pay in more than £250 in any one calendar month the extra money will be returned to you by cheque.
The maximum balance you may have is £25,000. If more than £25,000 is invested the extra money will be returned to you by cheque. - Withdrawal conditions:
- You can make up to two withdrawals each calendar year (1 January - 31 December) without losing the annual bonus. A minimum of £1 must remain in the account following a withdrawal or the account must be closed. If more than two withdrawals are made in a calendar year (1 January - 31 December) the annual bonus will not be paid.
You may close the account at any time but the annual bonus will not be paid in the calendar year (1 January - 31 December) in which the account is closed. - Interest payment:
- We work out interest every day and add it to your account on 31 December.
- Eligibility:
- You can hold as many High Days and Holidays Bonus Saver accounts as you like and you may hold accounts in trust for someone else. Joint accounts are allowed but the maximum monthly investment remains £250 and the maximum balance you may have in the account remains £25,000.
- Other features:
- If you make no more than two withdrawals from the account in each calendar year (1 January - 31 December) a bonus will be paid to your account on 31 December each year. The level of bonus may vary from time to time but it will be clearly stated on our Summary Interest Rate leaflet and on our website www.darlington.co.uk.
- Notes:
- This account may be withdrawn by us giving you 30 days' notice.
The gross rate shown below includes a 1.00% gross (0.80% net) per annum bonus.
Current interest rates
| Amount | Gross * | Gross AER # | Net * |
|---|---|---|---|
| £1+ | 2.00% | 1.00% | 1.60% |
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.
# - 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.
