Special Occasions 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?

Darlington Building Society is dedicated to sharing with its local communities and if you live in any other following postcodes (DL, DH, SR, TS, YO and HG) then we can help you get into the saving habit.

Whether you want to save for your next holiday, your dream car, a family wedding, Christmas or indeed for any special event, our Special Occasion Saver can help you.

Our Special Occasion Saver offers  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 Special Occasion 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 four withdrawals penalty free however if you make a fifth withdrawal your account will be closed.

With our Special Occasion 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?

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

 


Account name
Special Occasions Saver
Minimum amount to open the account
£1
Investment conditions

You must be living in an area within the Society’s branch area postcodes to open a Special Occasion Saver Account. Those postcodes are DL, DH, SR, TS, YO and HG. If you move out of these postcode areas you will have to close this account or transfer your funds to another account with the Society.

You can save any amount each month up to a maximum of £250.  You can vary the amount and number of deposits into the account each month, providing you do not exceed the maximum payment per month, per account, of £250.

Withdrawal conditions

You do not need to give any notice to make a withdrawal but you can only make a maximum of four withdrawals from the account in any calendar year. If you make a fifth withdrawal, the account would be closed at the same time.

Interest payment

The interest rate on this account is variable. We work out interest every day and add it to this account on 31 December or pay it to you on the date that you close the account.  

Eligibility

Limited to 3 accounts per person including any joint accounts.

The account is only open to customers within the DBS branch area network i.e. postcodes starting with DL, DH, SR, TS, YO, HG.

If you move out of postcode area you will have to close your account or transfer your money to another open issue DBS account pending the accounts terms and conditions.
 

Notes

Current interest rates


Amount Gross * Gross AER #
£1+ 1.50% 1.50%

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 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.