Savings

Helping your savings to grow

Ultra Cash

This account follows on from our Cash Zone account and is available to those aged between 16 and 20.

Interest Rates - Ultra Cash (from 1 May 2009)

Ultra Cash
Account balance Gross% AER% Net%
£10+ 0.75 0.75 0.60


Summary Box
Key Product Information for our Ultra Cash Savings Account
Account Name Ultra Cash
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 £10.
Maximum investment amount The maximum investment limit is £25,000.
Operating balance The minimum operating balance is £10. Withdrawals taking the balance below £10 are only allowed on closure of the account.
Witdrawal restrictions Withdrawals may be made without notice and must be for the benefit of the child. The minimum cheque withdrawal amount is £10.
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.
Age restriction You must be aged between 16 and 20 to be eligible for this account.
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
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