The Tipton & Coseley Building Society
Savings
Helping your savings to grow
Easy Access Deposit
If you are looking for a simple way to save money and earn interest for your club, then our Easy Access Deposit account is just for you.
Interest Rates - Easy Access Deposit (from 1 June 2010)
| Easy Access Deposit | |||
| Account balance | Gross% | AER% | Net% |
| £25,000+ | 0.10 | 0.10 | 0.08 |
| £10,000 - £24,999 | 0.10 | 0.10 | 0.08 |
| £5,000 - £9,999 | 0.10 | 0.10 | 0.08 |
| £1,000 - £4,999 | 0.10 | 0.10 | 0.08 |
| £100 - £999 | 0.10 | 0.10 | 0.08 |
| Summary Box | |
| Key Product Information for our Easy Access Deposit Savings Account | |
| Account Name | Easy Access Deposit |
| Interest rates (AERs) | See interest rates table above. |
| Tax status | Net of income tax unless a Form R85 is registered. |
| Conditions for bonus payment | Not applicable. |
| Withdrawal arrangements | Cash or cheque withdrawals may be made at any time without notice. |
| Access | Access by branch or post. |
| Key features | |
| Minimum investment amount | The minimum opening balance is £100. |
| Maximum investment amount | The maximum overall holding per investor is £500,000. |
| Operating balance | The minimum operating balance is £100. Withdrawals taking the balance below £100 are only allowed on closure of the account. |
| Withdrawal restrictions | Withdrawals may be made without notice. The minimum cheque withdrawal amount is £10. |
| Interest payments | The rate of interest is variable and is paid annually of 31 December. |
| Further investments | Additional investments may be made at your convenience. |
| Account operation | Transactions may be made at any of our branch offices or through the post. |
| Joint accounts | Accounts must be opened in the name of the club and extra identification will be needed. |
| Right to cancel | You have the right to cancel your investment within 14 days of your account being opened. |
Further information
If you would like further information through the post about our range of savings products, please enter your details here.
We do not issue Section 975 tax certificates automatically. If you would like to request a Section 975 tax certificate please enter your details here.
We will require new investors to sign any future windfall rights to our Charitable Foundation.
Page last updated on 1 June 2010.
© The Tipton and Coseley Building Society 2009
www.thetipton.co.uk