Terms & Conditions
Our Investment Handbook and Investment Tariff contain important provisions affecting your account. Please read them carefully and keep them for future reference.
Product availability This product is a limited issue and may be withdrawn without notice.
Minimum and maximum balance The minimum balance is £1. If you do not keep the minimum balance in it, your account will be closed. The maximum balance is £1,000,000. Additional deposits may be made, subject to the maximum balance.
Opening an account Individuals aged 16 or over can open this account on their own behalf. A corporate body or an unincorporated body may not open an account, and an individual cannot open an account as trustee for such organisations.
Withdrawals and closures Withdrawals and closures are permitted subject to 90 days’ notice or 90 days’ loss of interest (to be deducted from the capital sum if necessary) on the amount withdrawn and subject to the signing of a withdrawal slip. If making a withdrawal by post, you must send us your passbook. Withdrawals are normally paid by cheque, but up to £250 in cash per day can be paid from your account at a branch.
Interest Interest is variable, is calculated on a daily basis and can be paid either annually or monthly. If you choose to have interest paid annually it will be paid after close of business on 31 January each year, commencing January 2009 and will be paid to this account. If you choose to have your interest paid monthly, it will be paid after close of business on the 15th of each month commencing the month after the account is opened (please note that interest is sent to your account the first working day after the 15th and may not be received in your account for 2-3 days). If your interest is paid monthly, it must be paid to another Dunfermline Building Society account (but not Dunfermline Direct accounts) or to a bank account.
Cooling-off period Occasionally, you may change your mind after you have opened an account. For details on the 14-day cooling-off period, see your Investment Handbook.
Other important information Dunfermline Building Society is a trading division of Nationwide Building Society which is authorised and regulated by the Financial Services Authority under registration number 106078. Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority.
Head Office: Nationwide House, Pipers Way, Swindon, Wiltshire SN38 1NW.
For a longer, happier relationship
At Dunfermline Building Society we take our time to really get to know you, ensuring that the advice we give you is the most appropriate to you and your needs. That’s why we offer an exceedingly good range of savings options to suit different tastes.
And as we’re a mutual building society, every bit of our success is re-invested in our members. So along with our best advice, you have a choice of more competitive products and a better service.