Account name
14 Day Notice Saver.
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:
- £1,000 plus - 4.05% Gross/AER
Interest is calculated daily and paid annually on 31 December.
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 tiered interest rates 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 on an initial deposit of £1,000 with an interest rate of 4.05% gross / AER (variable) would be £1,040.61.
This estimation is an illustration only and assumes:
- the account is opened on 1 January;
- there are no additional deposits or withdrawals made;
- interest is paid back into the account;
- there is no change to the interest rate; and
- interest is paid gross on 31 December.
When you're ready to open your account simply download and complete an application form.
How do I open and manage my account?
The account is available for anyone aged 18 or over.
You can open an account 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 or printed from our website.
Joint accounts can be opened. Only one account can be opened per customer.
The minimum amount to open this account £1,000. You must have at least £1,000 in the account to keep it open. Withdrawals taking the balance below £1,000 are only allowed on closure of your account. The maximum amount that can be held in this account is £250,000 per account.
You can add money to your account through the post by cheque.
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?
You must give us 14 days’ notice before any withdrawals are made, no early access is available. You can give notice to withdraw by letting us know via post.
Withdrawals must be made by cheque only, which will be posted to you and will not be available to collect in branch. No cash withdrawals, internal transfers, electronic transfers, direct debits, faster payments or standing order withdrawals are available.
Withdrawals taking the balance below £1,000 are only allowed on closure of your account, as noted in the ‘How do I open and manage my account?’ section above
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 the account you’ve chosen isn’t right for you, you can have your money back without charge. We’ll arrange to close the account and return your money or to switch your funds to another of our savings accounts.
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: 4 December 2024
When you're ready to open your account simply download and complete an application form.
