Account name
Loyalty Double Access Saver
If you're ready to open an account you can download and complete an application form.
What is the interest rate?
The tiered variable rates below apply from 4 December 2024. Interest is paid at the same rate on the whole balance of the account. Interest is calculated daily and paid annually on 31 December. On 30 September 2025, this account will revert to our Double Access Saver product.
- £1,000 - £9,999.99 - 4.75% Gross / AER
- £10,000 - £20,000 - 4.75% Gross / AER
If you're ready to open an account you can download and complete an application form.
Can Tipton & Coseley Building Society change the interest rate?
We may increase or decrease the interest rate at any time. Further details of when we do this and how we will let you know, can be found in our Terms and Conditions for savings accounts, available on our website, in branch or in your welcome pack. On 30 September 2025, this account will revert to our Double Access Saver product.
If you're ready to open an account you can download and complete an application form.
What would the estimated balance be after 12 months based on a £1,000 deposit?
The balance after 12 months on an initial deposit of £1,000 with an interest rate of 4.75% gross / AER (variable) would be £1,047.63
The balance after 12 months on an initial deposit of £10,000 with an interest rate of 4.75% gross / AER (variable) would be £10,476.30
These estimations are an example and assumes:
- There are no additional deposits or withdrawals made;
- Interest is paid gross and added to the account on 31 December; and
- There is no change to the interest rate.
These estimations are only examples and do not take into account any individual circumstances.
If you're ready to open an account you can download and complete an application form.
How do I open and manage my account?
The account is available for anyone aged 16 or over, and only to members who hold a savings account with the Tipton that was opened on or before 30 June 2024.
You can open a savings account at any of our branches without an appointment or, through the post by sending us a completed application form with a cheque payable to yourself for your initial deposit. Application forms can be posted to you on request, collected in branch, or printed from our website. To view our acceptable identification, please click here.
Joint accounts cannot be opened. Only one account can be opened per customer.
The minimum amount to open this account is £1,000. You must have at least £1,000 in the account to keep it open. Withdrawals taking the balance below £1,000 will only be allowed when you are closing your account. Opening balances made by electronic payment must be sent within 14 days of opening your account, or the account will be automatically closed. The maximum amount that can be held in the account is £20,000 per account.
You can add money to your account at any of our branches by cash or cheque, through the post by cheque or by standing order. Internal transfers from existing Tipton accounts are not allowed to fund this account.
You can view your balance and recent transactions on the Tipton App, available in the Google Play Store and Apple Store.
If you're ready to open an account you can download and complete an application form.
Can I withdraw money?
Withdrawals are limited to a maximum of two each calendar year. After your second withdrawal, no further withdrawals including closure of the account and withdrawal of any interest, will be available until the next calendar year.
Withdrawals can be made by cash, cheque or internal transfer without notice or charge. No electronic transfers, direct debits, faster payments or standing order withdrawals are available.
If you're ready to open an account you can download and complete an application form.
Additional information
Interest is paid without tax deducted.
If you decide within 14 days of opening your account that this isn't the right account for you, you can have your money back without charge. We'll arrange to close the account and return your money to you, or transfer it to another one of our savings accounts.
The Tipton offer a range of savings accounts on a non-advised basis. There may be another savings account which may have a higher rate of interest and/or be better suited to your personal needs. Please speak to a member of the team for other product information.
Interest rates explained:
- Gross means the contractual rate of interest payable.
- AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Issued date: 20 December 2024
If you're ready to open an account you can download and complete an application form.
