Teen Goal Saver

Going for Goals.

Everyone needs to start somewhere on their savings journey and it’s amazing what can be achieved if we set goals from the start.

Our Teen Goal Saver account gives young people aged 13 to 17 year old an introduction to saving. The account is flexible, with a competitive rate of interest and, if you opt in, regular catch-ups as you save.

The product is available to existing Society members and new customers who live in one of the following postcode areas: DL, DH, SR, TS, YO or HG.

You can save up to £200 a month into your Teen Goal Saver account. There are no penalties if you do not save one month or if you want to take money out of your account.

To open a Teen Goal Saver account, please call your local branch or pop in for an application pack.

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


Account name
Teen Goal Saver
Minimum amount to open the account
£1
Investment conditions

You can save any amount each month up to a maximum of £200. You can vary the amount and number of deposits in a month, providing you do not exceed the maximum payment per month.

Withdrawal conditions

You do not need to give any notice to make a withdrawal and also benefit from an unlimited amount of withdrawals, but please bear in mind, this may delay you reaching your goal.

Interest payment

The interest rate on this account is variable and is calculated daily. Interest will be paid on the 31 December.

Eligibility

Limited to x3 accounts per member

Accounts is only open to existing members, or new customers within the DBS operating area (postcodes: DL, DH, SR, TS, YO and HG)

Minimum age to open account is 13, and maximum age is 17.

Other
Notes

Current interest rates


Amount Gross * Gross AER #
£1+ 2.00% 2.00%

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

Summary Box Start an application

Want to speak to a friendly staff member?

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

Branch finder

Alternatively call our enquiries line between:

9am and 5pm Monday to Friday (9:30am and 5pm Tuesday) or
9am and 12pm on Saturday

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

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 savings@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. 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.