Foundation Children's Account

Do you want an instant access account especially designed for young people?

Our Foundation account is an instant access savings account which has been especially designed for children and young people aged 21 and under.  You can open the account with as little as £1 and save up to £15,000.  

This savings account is instant access which means you can have access to your money without giving us notice or losing any interest.  And we have just one rate of interest, which you earn even if you only have £1 in your account.

Plus if you are a parent or guardian you can open this account in trust for a child or young person up to the age of 16.  So if you want to get into the savings habit early, read on for the full terms and conditions of our Foundation instant access account.

To understand the full terms and conditions please read the summary box.

Account name
Foundation Children's Account
Minimum amount to open the account
Maximum investment
Investment conditions

You can pay in to the account up to £15,000.  You can pay in at any branch.

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 it is paid on 31 December each year. It can be added to this account or transferred to another Darlington Building Society account.


Only available to children and young people aged 21 and under.  Only one Foundation account can be held at any one time and it must only be held in one name.


If the account holder is under 13, the account must be opened  in trust on his or her behalf.  If the account holder is over the age of 16 it must be opened in their sole name.

Current interest rates

Amount Gross * Gross AER #
£1+ 0.50% 0.50%

This summary box will help you understand the account's Terms and Conditions.

Summary Box Start an application

How can we help?

Sometimes it's easier to discuss things face-to-face. All our branches have advisors ready and waiting to talk. If you’d like to discuss your options or you think you need advice, call in at your local branch.

Branch finder

Alternatively call our enquiries line between:

8am and 8pm Monday to Friday
9am to 1pm on Saturdays

Our team will be more than happy to help with any questions or queries.

Financial Services Compensation Scheme

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a building society is unable to meet its financial obligations. Most depositors – including most individuals and small businesses – are covered by the scheme.

Please make sure that you have read and fully understand the summary box before you decide to open this account.

If you need any further information please telephone 01325 366366, email 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. Due to changes to the Personal Savings Allowance, from the 6 April 2016 all interest is paid gross. This is based on the current law and treatment of tax by HMRC which may be subject to change.

# - 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.