The Tipton & Coseley Building Society
Savings
Helping your savings to grow
Premier Reward ISA
If you do not need frequent access to your funds, consider our Premier Reward ISA.
| Premier Reward ISA - Issue 2 | |||||
| These rates include a 0.50% (fixed) bonus for the first five months following the inception or switch of the account. | |||||
| Account balance | Current Gross% | Current AER% | Current Net% | Previous Gross% | Previous AER% |
| £5,000+ | 2.85 | 2.56 | Tax free | n/a | n/a |
| Rates are variable and are effective from 16 December 2011 | |||||
| Premier Reward ISA | |||||
| Rates excluding the bonus | |||||
| Account balance | Current Gross% | Current AER% | Current Net% | Previous Gross% | Previous AER% |
| £5,000+ | 2.35 | 2.35 | Tax free | n/a | n/a |
| Rates are variable and are effective from 18 July 2011 | |||||
Please note that we do NOT accept existing ISA account transfers from other ISA providers.
| Summary Box | |
| Key Product Information for our Premier Reward ISA | |
| Account Name | Premier Reward ISA |
| Interest rates (AERs) | See interest rates table above. |
| Tax status | Tax free. |
| Conditions for bonus payment | There are no conditions relating to the bonus payment. From time to time there may be different bonuses paid on Premier Reward ISA depending upon when the account is opened. |
| Withdrawal arrangements | Three cheque only withdrawals may be made in any calendar year without notice. Upon making your second withdrawal, your third withdrawal must be closure or transfer. |
| Access | Access by post only. |
| Key Features | |
| Minimum deposit amount | The minimum opening balance is £5,000. |
| Maximum deposit amount | The maximum deposit limit is currently £5,640 in any tax year. |
| Operating balance | The minimum operating balance is £5,000. Withdrawals taking the balance below £5,000 are only allowed on closure. |
| Withdrawal restrictions | A maximum of three withdrawals by cheque payable to you may be made in any calendar year without notice. Having made your second withdrawal, your third withdrawal must be closure or transfer. The minimum withdrawal amount is £500. |
| Interest payments | The rate of interest is variable and is paid annually on 5 April. |
| Further deposits | Further deposits must be by lump sum payment of £1,000. |
| Account operation | With the exception of existing members, the account is only available within B, CV, DY, ST, TF, WR, WS or WV postcode areas. All transactions, including account opening, must be made by cheque and sent via the post. Existing members must have a savings account with us which was opened on or before 1 January 2012. |
| Transfers out | Transfers out are allowed without notice being given. |
| Joint accounts | Joint accounts cannot be opened. |
| Right to cancel | You have the right to cancel your investment within 14 days of your account being opened. |
To download an application form please click here.
Please remember to forward a cheque payable to yourself, along with your completed application form. Please read our Terms and Conditions for Savings Accounts leaflet before sending us your completed application.
Completed application forms should be sent to:
Postal savings department
Tipton & Coseley Building Society, PO Box 56, Tipton, West Midlands, DY4 8BR
Telephone: 0845 7573 749
Further information
Please note that our Premier Reward ISA may be withdrawn at any time without notice.
You cannot have two cash ISAs in the same tax year. If you open a cash ISA you are reducing your stocks and shares allowance.
If you would like further information through the post about our range of savings products, please enter your details here
We will require new investors to sign any future windfall rights to our Charitable Foundation.
Page last updated on 7 April 2012.