Our savings customers say...
Savings customer read more"I've been with the Tipton for over 20 years now and always will be, they give me everything I need from a Building Society and are always happy to help."Mrs Cooke
This product may be withdrawn at any time.
Your savings account
Designed to help them save for their future. Our Cash Zone account helps children get into the habit of saving. Our annual Cash Zone competition adds fun to saving.
Key features
Cash Zone
The variable rate below applies from 1 October 2018. Your interest will be calculated daily and paid each year on 31 December.
£10 plus - 1.05% gross / AER
When you're ready to open your account simply download and complete an application form. You'll also need your initial deposit, which if it a cheque, must be payable in the name of the child or the trustee re the child.
The interest rate on your account can change at any time. More information can be found in section 7 of our Terms and Conditions for Savings Accounts.
When you're ready to open your account simply download and complete an application form. You'll also need your initial deposit, which if it a cheque, must be payable in the name of the child or the trustee re the child.
The balance after 12 months on an initial deposit of £1,000 with an interest rate of 1.05% gross / AER (variable) would be £1,010.50.
This estimation is an illustration only and assumes:
When you're ready to open your account simply download and complete an application form. You'll also need your initial deposit, which if it a cheque, must be payable in the name of the child or the trustee re the child.
You must be aged 15 or under to open a Cash Zone account. When you turn 16, subject to requirements being met, we'll automatically transfer your Cash Zone account to an alternative from our savings range. You'll be notified of this in writing. Accounts can only be opened with a single child named as beneficiary.
The minimum deposit amount to open an account is £10. You can open your account by visiting any of our branches or by completing an application and posting it to our Tipton Head Office.
We'll require identification to open a Cash Zone account. We have access to credit reference agency databases which in the majority of cases allows us to prove identity and address without the need for paper-based identification, if we do require further proof we'll let you know. However, we don't carry out these searches against customers aged under 18. Please click here to see our list of acceptable identification.
If you open a Cash Zone account in trust we'll need to satisfy identification requirements for both the trustee and the beneficiary.
A minimum balance of £10 must be kept in the account. Withdrawals taking the balance below £10 are only allowed if you close the account.
Additional deposits by cash, cheque or standing order are allowed at any time. All cheque deposits must be made payable to either the child or the trustee named on the account. The maximum balance allowed is £25,000.
When you're ready to open your account simply download and complete an application form. You'll also need your initial deposit, which if it a cheque, must be payable in the name of the child or the trustee re the child.
You are allowed to make six withdrawals each calendar year without charge or notice. After your sixth withdrawal, no more will be allowed until the next calendar year. This includes account closure.
Withdrawals are subject to our daily withdrawal limits which are:
Larger amounts can be withdrawn if you provide two days notice, subject to £2,500 maximum cash per day. The minimum amount for a cheque withdrawal is £10.
When you're ready to open your account simply download and complete an application form. You'll also need your initial deposit, which if it a cheque, must be payable in the name of the child or the trustee re the child.
Interest is paid gross (without tax deducted).
You have 14 days to change your mind, if you decide your Cash Zone account isn't right for you. We will then arrange to close the account and help you find a more suitable savings account with us or return the money to you.
Interest rates explained:
When you're ready to open your account simply download and complete an application form. You'll also need your initial deposit, which if it a cheque, must be payable in the name of the child or the trustee re the child.
Monday - Tuesday | 09:00 - 17:00 |
Wednesday | 09:30 - 17:00 |
Thursday - Friday | 09:00 - 17:00 |
Saturday | 09:00 - 12:00 |
Sunday | Closed |
To open your account simply download an application form. You'll also need your initial deposit, which if it a cheque, must be payable in the name of the child or the trustee re the child.
Please post your completed form to The Tipton & Coseley Building Society, 70 Owen Street, Tipton, West Midlands, DY4 8HG, and remember to include a cheque.
Alternatively, you can open an account at any of our branches.
You should also read our Terms and Conditions for Savings Accounts leaflet and the Deposit Guarantee Scheme Information Sheet first.
All new savings customers must sign future windfall rights to our Charitable Foundation.
Our savings customers say...
Savings customer read more"I've been with the Tipton for over 20 years now and always will be, they give me everything I need from a Building Society and are always happy to help."Mrs Cooke
Our savings customers say...
Savings customer read more"I was given real peace of mind that my savings would be carefully looked after. I know there is always advice available should I need it and the staff at the Tipton are always there."Mrs Thomson