Account name
Branch ISA (Issue 5)
When you’re ready to open your account, simply download and complete an application form.
What is the interest rate?
The variable rate below applies from 4 December 2024.
- £100 plus - 3.50% Tax Free / AER
Interest is calculated daily and paid annually on 5 April.
When you’re ready to open your account, simply download and complete an application form.
Can Tipton & Coseley Building Society change the interest rate?
We may increase of 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.
When you’re ready to open your account, simply 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 based on an initial deposit of £1,000 with an interest rate of 3.50% Tax Free/ AER (variable) would be £1,035.00.
This estimation is an example only and assumes:
- there are no additional deposits or withdrawals made;
- interest is paid gross and added to the account on 5 April; and
- there is no change to the interest rate.
This estimation is only an example and does not take into account individual circumstances.
When you’re ready to open your account, simply download and complete an application form.
How do I open and manage my account?
This account is available for anyone aged 18 or over.
You can open an 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.
This account is only available for UK residents and your National Insurance Number will be needed at the time of account opening.
The minimum amount to open an account is £100. You must have at least £100 in the account to keep it open. Opening balances made by electronic payment must be sent within 14 days, or the account will automatically be closed. The maximum amount that can be held is £100,000 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.
The ISA allowance for this tax year is £20,000, which can be split between both Cash and Stocks and Shares ISA's. Please note, we do not provide Stocks and Shares ISAs at the Tipton and we do not allow transfers in from Stocks and Shares ISAs. You can only pay into one ISA per tax year with ourselves.
We can only accept the transfer in of current years subscriptions if they are transferred to us in full, you may however transfer part of previous years subscriptions.
You can view your balance and recent transactions on the Tipton App, available in the Google Play Store and Apple Store.
When you’re ready to open your account, simply download and complete an application form.
Can I withdraw money?
Withdrawals can be made by cash, cheque or internal transfer without notice or charge.
Transferring your ISA to another provider is allowed without notice or charge. Transfers out of current year subscriptions must be transferred in full, you may transfer part of previous year subscriptions.
No electronic transfers, direct debits, faster payments, or standing order withdrawals are available.
When you’re ready to open your account, simply download and complete an application form.
Additional information
Interest is paid without tax deducted.
If you decide within 14 days of opening, 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 of our savings accounts.
If you cancel your ISA within this period you’re free to subscribe to another ISA in the same tax year. Any interest paid will be exempt from tax.
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:
- AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
- Tax-Free is the contractual rate of interest payable where interest is exempt from income tax. Interest earned on ISAs is tax-free as long as the statutory conditions of the scheme are not breached. Tax treatment depends on your individual circumstances and may be subject to change in the future.
Issued date: 4 December 2024
Please find our ISA Terms and Conditions here.
When you’re ready to open your account, simply download and complete an application form.
