Terms & Conditions
Our Investment Handbook and Investment Tariff contain important provisions affecting your account. Please read them carefully and keep them for future reference.
In addition to the Investment Handbook, the following conditions apply to Platinum Notice Account. If there is a conflict between the general conditions and these Platinum Notice Account conditions, the Platinum Notice Account conditions will take priority.
The account can only be opened and operated in a Dunfermline branch.
The account is only available to individuals aged 16 and over.
The account can have a maximum of five joint account holders.
The minimum initial deposit is £5,000 and the minimum operating balance on the account is £1.
The maximum balance on the account is £250,000. Additional deposits may be made, subject to the maximum balance.
You can only hold one account which may be in your sole name or jointly with someone else.
Interest Annual interest is paid on 31st May each year. Monthly interest is paid after close of business on the 15th of each month following the opening of the account.
Annual interest can be paid into the account or another Dunfermline savings account (excluding Dunfermline Direct accounts) or another bank or building society account.
Monthly interest can be paid to another Dunfermline Savings account (excluding Dunfermline Direct accounts) or to another bank or building society account.
The annual gross interest rate for balances of £5,000 and above will be at least 2.00% above the Bank of England base rate until 31 May 2013. If the balance falls below £5,000 a fixed rate of 0.25% gross p.a./AER will apply.
In the event of a change in the Bank of England Base Rate, the rate will be adjusted within 30 days of the Bank of England Base Rate change.
From the 1 June 2013 the rate guarantee will cease to apply.
Taking money out Where the account balance is £25,000 or less withdrawals are permitted subject to 60 days' notice or 60 days' loss of interest. Withdrawals without notice may result in a reduction of capital if insufficient interest has accrued to cover the interest charge.
Where the account balance is greater than £25,000 at the time of requesting the withdrawal and the account balance after the withdrawal would be less that £25,000, withdrawals are permitted subject to 60 days' notice or 60 days' loss of interest on the portion of the withdrawal that reduces the balance below £25,000.
Where the account balance is greater than £25,000 and a withdrawal will not take the account balance below £25,000, withdrawals can be made without notice or loss of interest.
On closing the account all of the above also applies.
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.