The Tipton & Coseley Building Society
Savings
Helping your savings to grow
Notice Deposit
If your club has £500 to invest and does not require immediate access to the money then our Notice Deposit account is ideal.
Interest Rates - Notice Deposit (from 1 May 2009)
| Notice Deposit | |||
| Account balance | Gross% | AER% | Net% |
| £50,000+ | 0.50 | 0.50 | 0.40 |
| £25,000+ | 0.25 | 0.25 | 0.20 |
| £10,000+ | 0.15 | 0.15 | 0.12 |
| £5,000+ | 0.15 | 0.15 | 0.12 |
| £500+ | 0.15 | 0.15 | 0.12 |
| Summary Box | |
| Key Product Information for our Notice Deposit Savings Account | |
| Account Name | Notice 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 without notice on balances over £5,000. Withdrawals from balances below £5,000 require 90 days notice or are subject to a charge of 90 days interest on the amount withdrawn. |
| Access | Access by branch or post. |
| Key features | |
| Minimum investment amount | The minimum opening balance is £500. |
| Maximum investment balance | The maximum overall holding per investor is £500,000. |
| Operating balance | The minimum operating balance is £500. Withdrawals taking the balance below £500 are only allowed on closure of the account. |
| Withdrawal restrictions | Immediate access is available on balances over £5,000. Withdrawals from balances below £5,000 require 90 days notice or are subject to a charge of 90 days interest on the amount withdrawn. |
| Interest payments | The rate of interest is variable and is paid annually on 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 | Joint accounts may be opened. |
| 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 the range of savings products offered by Tipton & Coseley, 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 a Charitable Foundation.
Page last updated on 3 November 2009.
© The Tipton and Coseley Building Society 2009
www.thetipton.co.uk