Locked savings accounts may not sound like a place where dreams are made – but Northern Community Bank’s new locked savings account is here to change that.
We understand that everyone has their own unique dream they’re working towards.
It might be something as special as an engagement ring, a new car for a growing family, or even a prom dress to make an unforgettable night even more memorable.
Whatever your dream – big, small, or sentimental – Northern Community Bank’s dream saver account can help make them become a reality.
Unlike our other savings accounts, the dream saver is a locked savings account. This means you can only access the funds once you have reached your goal, ensuring your savings stay on track. It’s designed to keep you motivated and focused, with every deposit bringing you closer to turning your aspirations into achievements.
I’m not sure how much to save
Starting your savings journey can feel a little overwhelming.
How much should you put away? How often should you make a deposit? When can you expect to reach your goal?
Northern Community Bank’s handy savings calculator takes the guesswork out of savings. It can help you understand exactly how long it will take to save a specific amount, or how much you need to set aside to hit your goal by a certain date.
You can set up a Dream Saver account at any time. Just set your goal, and deposit funds at your own pace. Once you reach your target, simply contact a member of our team to unlock your account and access your savings.
Just like all Northern Community Bank savings accounts, the Dream Saver is free to open and has no hidden or ongoing fees.
Is my money safe in a locked savings account?
It doesn’t matter whether you have £10 or £10,000 saved up. Your money is yours and keeping it safe is our priority.
With Northern Community Bank, every single penny is protected by the Financial Services Compensation Scheme (FSCS) up to £85,000, giving your cast iron peace of mind.
In addition, all savings are covered by free life insurance. In the event of your untimely death, your savings – along with the insurance amount – would be given to the person you nominated (subject to terms and conditions).
If you want to learn more about our locked savings account and how it can help you reach your financial goals, please get in touch and one of our friendly team members will be happy to assist you.
