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Product availability This product can be held until 28 February 2013, is a limited issue and may be withdrawn without notice. After the product is withdrawn, you will no longer be able to make further deposits into your account.
Minimum and maximum balance The minimum balance is £100. 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 Additional deposits may be made, unless the product has been withdrawn, subject to the maximum balance.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. If you are already a Dunfermline Direct customer, to open your Dunfermline Direct Account, simply complete the application form and return it to us along with your deposit cheque from your nominated account. To operate your Dunfermline Direct Account, you must nominate an account in your name with a UK bank or building society (a joint account is acceptable) that will be the only account you can use for transactions to and from your Dunfermline Direct Account. Your nominated account cannot be another account with us. When opening your Dunfermline Direct Account, the initial investment must be made by a personal cheque drawn from your nominated account and please make it payable to Dunfermline Building Society, stating the account holders name, for example, ‘Dunfermline Building Society - B Brown’. It may take 5 working days or more from the date that we receive your cheque for that cheque to clear.
IMPORTANT: If the application form is not completed in full, your application and cheque will be returned to you.
Withdrawals, closures and maturities No withdrawals are allowed and the bond must remain open for the full period to 28 February 2013. At the end of that period, balances will be transferred to one of our Instant access accounts. This means that you can then withdraw money without penalty.
Interest Interest is fixed and is calculated on a daily basis. Interest can be paid either annually or monthly. If interest is paid annually it will be paid after close of business annually on 28 February each year, commencing February 2011 and on maturity on 28 February 2013. Interest will be paid to the Fixed Rate Bond account. See your Investment Handbook for further details. If you choose to have 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). It must be paid to your nominated bank account.
Other important information Dunfermline Building Society (which includes Dunfermline Direct) is a trading division of Nationwide Building Society. Nationwide Building Society is authorised and regulated by the Financial Services Authority for life assurance, pensions, investments, insurance and regulated mortgages.
Nationwide Building Society, Head Office, Nationwide House, Pipers Way, Swindon, SN38 1NW. Nationwide is a registered trademark of Nationwide Building Society © Nationwide Building Society.
FSA registration number is 106078. You can check this on the FSA Register by visiting the FSA website www.fsa.gov.uk/register or by contacting the FSA on 0300 500 5000.
FSA address: 25 North Colonnade, Canary Wharf, London E14 5HS.
We also have telephone-operated accounts – call Dunfermline Direct on 08457 33 66 88 for further details.
Interest rates correct at 18.01.10