Full details regarding the Member Exclusive 2 Year Fixed Rate Bond are provided below.
Minimum Investment is £1. This is the amount that can be paid in during the ‘deposit window’.
Additional investments allowed providing the Bond remains a current issue and subject to a maximum holding of £25,000 per Bond. As this Member Exclusive 2 Year Fixed Rate Bond is a limited edition it may be closed to new investors by the Darlington Building Society at any time without notice.
Withdrawals are not permitted. If you want to withdraw your money you will have to close your account. Early closure is allowed, subject to payment of a charge equivalent to 120 days’ interest at the Gross rate on the balance withdraw.
You will receive interest payments on the 31 May 2018, 31 May 2019 and on maturity of the bond (31 May 2020) or on early closure.
For early closures interest will be calculated up to the day of closure.
Interest earned cannot be added to the balance and must be paid to another Darlington Building Society account or another external account which you nominate for this purpose.
To qualify to open this account you must have held an account with us for a minimum of five consecutive years up to the date the account is opened. Proof may need to be provided.
You must be UK resident and 18 or over (unless you are transferring from our Loyalty Account).
Tax treatment may be subject to change and depends upon your individual circumstances.
Bond matures on 31.05.2020. The bond will close and the investors will be advised of their investment options prior to 31.05.2020.
This summary box will help you understand the account's Terms and Conditions.
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.
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.
Or email us on:
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 email@example.com 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.