The Tipton & Coseley Building Society

Regular Saver

If you are prepared to save between £10 and £1,000 each month and make no more than 3 withdrawals each calendar year then consider our Regular Saver account.

Interest Rates – Regular Saver (from 1 May 2009)

^{These rates include a 0.50% (fixed) introductory bonus for the first 6 months following the inception of the account.}

Regular Saver
Account balance	Gross%	AER%	Net%
£10+	1.25	0.89	1.00

^{Existing accounts that do not include the 0.50% (fixed) introductory bonus.}

Regular Saver
Account balance	Gross%	AER%	Net%
£10+	0.75	0.75	0.60

Summary Box
Key Product Information for our Regular Saver Savings Account
Account Name	Regular Saver
Interest rates (AERs)	See interest rates table above.
Tax status	Net of income tax unless a Form R85 is registered.
Conditions for bonus payment	There are no conditions relating to the bonus payment.
Withdrawal arrangements	A maximum of 3 withdrawals each calendar year may be made after 7 days notice has been given.
Access	Access by branch or post.

Key features
Minimum account balance	The minimum opening balance is £10.
Monthly investment amounts	A minimum of 1 deposit must be made in each calendar month. Missing a monthly deposit will result in the account being switched to our Branch Access account and you will receive a lower rate of interest. Monthly payments must be between £10 and £1,000 and may be increased or decreased to suit your needs.
Operating balance	The minimum operating balance is £10. Withdrawals taking the balance below £10 are only allowed on closure of the account.
Withdrawal restrictions	A maximum of 3 withdrawals may be made each calendar year after 7 days notice has been given. Upon making your third withdrawal, no further withdrawals, including account closure, are allowed until the following calendar year.
Interest payments	The rate of interest is variable and is paid annually on 31 December.
Monthly payment methods	Monthly payments may only be made by standing order or by electronic internal transfer from an existing account.
Account operation	Other than the initial opening investment, no deposit transactions may be made at our branch offices.
Joint accoint	Joint accounts may 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 investment terms and conditions before sending us your completed application.

Interest is calculated on the daily balance of the account, and is paid annually on 31 December. For example, if you have a new account benefiting from the 0.50% (fixed) introductory bonus and save £100 per month for 12 months, you will receive in total approximately £5.75 gross interest during the year (provided no withdrawals are made during the year).

If you have an existing account without the 0.50% (fixed) introductory bonus and save £100 per month for 12 months, you will receive in total approximately £4.88 gross interest during the year (provided no withdrawals are made during the year).

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 a Charitable Foundation.

Page last updated on 3 November 2009.

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