Savings

Helping your savings to grow

Cash Zone

This account is for "Young Savers" under the age of 16.

It pays a competitive rate of interest for a minimum investment of £10 and withdrawals can be made at any time. Interest is paid annually on 31st December.

Interest Rates - Cash Zone (from 1 May 2008)

  Gross% AER% Net%
£10+ 4.65 4.65 3.72

*AER stands for Annual Equivalent Rate and is a notional rate which illustrates what the gross or tax-free rate would be if the interest was paid and compounded each year. Tax-free means the rate of interest payable where interest paid is exempt from income tax.

**Interest will be paid or credited after deduction of income tax at the lower rate of 20% or, subject to the required certification, gross.

If you would like further information through the post about the range of savings products offered by Tipton & Coseley, please enter your details here.

We will require new investors to sign any future windfall rights to a Charitable Foundation.


Page last updated on 1 May 2008.



© The Tipton and Coseley Building Society 2005
www.thetipton.co.uk
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