Fairway Saver

More Information

At Dunfermline Building Society, we’re keen to support grass roots golf in Scotland. That’s why we’ve teamed-up with the Scottish Golf Union to create the Fairway Saver Account. As well as earning interest on your account, your savings can help provide an income to support the SGU’s junior development programme. So the more you save, the more the future of Scottish golf will benefit. Now that should be a big hit with everyone!

Previous rates can be found on our interest rates table.

Benefits for you

• Invest from as little as £1 up to a maximum of £1,000,000.
• Interest is variable, is calculated daily and is credited to your account annually.
• Instant access to your money. Withdrawals are normally paid by cheque, but up to £250 in cash, per day can be paid from the account at a branch.
• You’ll be given an SGU branded passbook wallet for your account.
• £1 must remain in your account at all times.

• A valuable income to the SGU based on the amount that you and your fellow golfers save in the Fairway Saver Account.
• Supporting the future development of golf in Scotland.

Important information
Before applying for your account, please read the Terms and Conditions on the Terms & Conditions tab above.

For an explanation of the terms used such as AER and Tax Free, refer to our glossary page.

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Product availability This product is a limited issue and may be withdrawn without notice.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.

Opening a junior account Individuals can open this account on behalf of someone under 16 and only the person opening the account will be able to operate it. We will transfer funds from a junior Fairway Saver Account to an Adult Fairway Saver account on the 16th birthday of the beneficiary. A corporate body or an unincorporated body may not open an account as trustee for such organisation.

Withdrawals and closures Withdrawals and closures are permitted without notice and subject to you signing a withdrawal slip. Withdrawals are normally paid by cheque, but up to £250 in cash per day can be paid from your account at a branch. If making a withdrawal by post, you must send us your passbook.

Interest Interest is variable, is calculated on a daily basis and is credited to your account after close of business on 1 December each year.

Cooling-off period Occasionally, you may change your mind after you have opened an account. For details on the 14-day cooling-off period, please refer to our 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.

We also have telephone-operated accounts – call Dunfermline Direct on 0845 345 04 09 for further details.
Interest rates correct at 30.04.10