Save Money, Save Lives, the Tipton launches a new Midlands Air Ambulance Fixed Rate Savings Account

Richard Newton
Posted on by Richard Newton

We have launched a new limited issue fixed rate savings account linked to Midlands Air Ambulance Charity. Customers will earn interest on their savings at the same time as supporting Midlands Air Ambulance Charity through the Society making a donation to the Charity at the end of this year based on the average balances held in these accounts.

This new account, which will complement the Society’s existing 30 Day Notice Midlands Air Ambulance saver account, pays a fixed rate of interest until 30 June 2023 of 1.20% Gross/AER, with interest calculated daily and paid annually on 31 December and on maturity. The minimum opening deposit of £1,000 is required and the maximum deposit amount is £100,000 per account. No withdrawals are permitted until the end of the fixed rate term.

Richard Newton, our Chief Executive said: "Our new Midlands Air Ambulance fixed rate savings account is designed for customers who want to earn a fixed rate of interest on their savings while supporting the work of Midlands Air Ambulance Charity. The charity don’t receive any Government support and rely solely on donations to fund their life saving activities.”

The account is available to customers aged 18 and over and can only be opened and managed exclusively through the Tipton’s mobile app. The app is available to download for new and existing customers from the Apple App Store or Google Play Store. Alternatively, customers can find out more by visiting the Tipton’s website

Tipton & Coseley Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The Society's firm reference number is: 159601. The Society is a member of the Building Societies Association. Head office: 70 Owen Street, Tipton, West Midlands, DY4 8HG. Gross means the contractual rate of interest payable. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Compensation may be available from the Financial Services Compensation Scheme. Rate correct at time of going to Press (14 January 2022).