35 Day Notice Account

35 Day Notice Account.

If you're ready to open an account you can download and complete an application form.

The tiered variable rates below apply from 16 August 2023. Interest is paid at the same rate on the whole balance of the account. 

• £1,000 - £9,999.99 - 4.51% Gross / AER
• £10,000 - £24,999.99 - 4.70% Gross / AER
• £25,000 plus - 4.70% Gross / AER

Interest is calculated daily and paid annually on 31 December.

If you're ready to open an account you can download and complete an application form.

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.

If you're ready to open an account you can download and complete an application form.

The balance after 12 months on an initial deposit of £1,000 with an interest rate of 4.51% gross / AER (variable) would be £1,045.10

The balance after 12 months on an initial deposit of £10,000 with an interest rate of 4.70% gross / AER (variable) would be £10,470.00

The balance after 12 months on an initial deposit of £25,000 with an interest rate of 4.70% gross / AER (variable) would be £26,175.00

These estimations are examples only 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 an example 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.

The account is available for anyone aged 16 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 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, or the account will automatically be closed. The maximum amount that can be held in this account is £250,000 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. 

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.

You must give us 35 days' notice before any withdrawals are made, no early access is available. You can give notice to withdraw by letting us know via post, visiting one of our branches, calling us, or completing our online contact form. 

Withdrawals taking your balance below £10,000 and £25,000 will result in a lower rate of interest, as noted in the 'What is the interest rate?' section above.

No internal transfers, 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.

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 to transfer your funds to another 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: 16 August 2023

If you're ready to open an account you can download and complete an application form.

35 Day Notice Account (Mobile App Account)

When you're ready to open your account, simply visit the Tipton App to find out more

The tiered variable rates below apply from 27 October 2023. Interest is paid at the same rate on the whole balance of the account. 

• £1,000 - £9,999.99 - 4.51% Gross / AER
• £10,000 - £24,999.99 - 4.70% Gross / AER
• £25,000 plus - 4.70% Gross / AER

Interest is calculated daily and paid annually on 31 December.

When you're ready to open your account, simply visit the Tipton App to find out more

We may increase or 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 visit the Tipton App to find out more

The balance after 12 months on an initial deposit of £1,000 with an interest rate of 4.51% gross / AER (variable) would be £1,045.10

The balance after 12 months on an initial deposit of £10,000 with an interest rate of 4.70% gross / AER (variable) would be £10,470.00

The balance after 12 months on an initial deposit of £25,000 with an interest rate of 4.70% gross / AER (variable) would be £26,175.00

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 31 December; and
• there is no change to the interest rate.

These estimations are only an example, and do not take into account individual circumstances. 

When you're ready to open your account, simply visit the Tipton App to find out more.

You can open the account via the Tipton App only, available in the Google Play Store or Apple Store. 

The account is available for anyone aged 18 or over. 

Joint accounts cannot be opened. Only one account can be opened per customer. 

To open and operate your account with the Tipton App, you will need to choose a bank account as your nominated bank account. This means all deposits going into your 35 Day Notice account must come from this nominated bank account. All withdrawals must also be sent to this nominated account. 

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 deposits must be made by electronic payment from your nominated bank account and must be sent within 14 days of opening your account, or the account will automatically be closed. The maximum amount that can be held in this account is £100,000 per account. 

You can add money to your account by electronic payment from your nominated bank account, and will be shown on your App transactions the next working day.

When you're ready to open your account, simply visit the Tipton App to find out more.

You must give us 35 days' notice before any withdrawals are made, no early access is available. You can give notice to withdraw on the App, through our secure messaging service, or by calling us. 

Withdrawals must be made by electronic transfer to your nominated account only. No cash withdrawals or internal transfers are available. No faster payment withdrawals are available.

Withdrawals taking your balance below £10,000 and £25,000 will result in a lower rate of interest, as noted in the 'What is the interest rate?' section above. 

When you're ready to open your account, simply visit the Tipton App to find out more.

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 to transfer your funds to another 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: 13 September 2024

When you're ready to open your account, simply visit the Tipton App to find out more.