S Account

More Information

Our ‘S’ account is ideal for small savers. It is aimed at making saving fun for children, and as the account is set up to be run by a parent or guardian, you have the reassurance of being able to control your child’s savings.

An ‘S’ Account will help children understand the importance of saving and to enjoy the experience at the same time.

Previous rates can be found on our interest rates table.

“S” Account is aimed at making saving fun for children and as the account is set up to be run by a parent or guardian, you have the reassurance of being able to control your child’s savings.

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Product availability This product is limited issue and may be withdrawn without notice.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 £25,000. Additional deposits may be made, unless the account has been withdrawn, subject to the maximum balance.

Opening an account Individuals can open this account on behalf of someone aged up to 11 and only the person opening the account will be able to operate it. 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 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 31 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

Frequently Asked Questions