Easy Access

This product may be withdrawn at any time.

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AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
notice for withdrawals
Some of our accounts require you to give notice before you can withdraw money from your account. Further details on the withdrawal restrictions that apply to the account can be found in the section titled - 'Can I withdraw money?' - in the Summary box.
no notice
age restriction
Minimum or maximum age you must be to open this account.
16 years and over

Your savings account

A flexible and convenient savings account without withdrawal restrictions, giving you the reassurance your money is available should you need it (subject to daily withdrawal limits).

Key features

  • No notice needed for withdrawals
  • Minimum operating balance: £100
  • Joint accounts can be opened

Summary box

Account name

Easy Access

What is the interest rate?

The variable rate below applies from 1 October 2018. Interest is calculated daily and paid annually on 31 December.

£100 plus - 0.2% Gross / AER

Can Tipton & Coseley Building Society change the interest rate?

We may change interest rates at any time. Further details can be found in section 7 of our Terms and Conditions for Savings Accounts booklet.

What would the estimated balance be after 12 months?

The balance after 12 months on an initial deposit of £1,000 with an interest rate of 0.2% gross / AER (variable) would be £1,002.00.

This estimation is an illustration only and assumes:

  • the account is opened on 1 January;
  • there are no additional deposits or withdrawals made;
  • interest is paid back into the account;
  • there is no change to the interest rate; and
  • interest is paid gross on 31 December.
How do I open and manage my account?

You can open an account if you are aged 16 or over. The minimum opening deposit is £100 and the maximum overall holding per customer is £500,000.

You can open an account at any of our branch offices without the need to make an appointment. Alternatively you can open an account through the post by sending us a completed application form along with a cheque for your initial deposit.

We have access to credit reference agency databases which in the majority of cases will allow us to prove your identity and address without the need for paper-based identification. However, if we do require further proof we will let you know. Please click here to see our list of acceptable identification.

You must have at least £100 in the account to keep it open. Withdrawals taking the balance below £100 are only allowed on closure of your account.

You can pay money in or draw money out at any of our branch offices or through the post. Additional deposits can be made by cash or cheque. You can also pay money into your account by standing order.

Joint accounts may be opened.

Can I withdraw money?

You can make withdrawals without notice or charge subject to our daily withdrawal limits which are:

  • £500 by cash; and
  • £20,000 by cheque.

Higher amounts require two days notice, subject to £2,500 maximum cash per day. The minimum amount for a cheque withdrawal is £10.

Additional information

Interest is paid without tax deducted.

If you decide within 14 days of opening, that the account you’ve chosen isn’t right for you, you can have your money back without charge. We’ll arrange to close the account and return your money or to switch your funds to another of our savings accounts.

Interest rates explained:

  • 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.
Gayle, from our savings team is happy to help 0121 557 2551* Contact Us
Our lines are open:
Monday - Tuesday09:00 - 17:00
Wednesday09:30 - 17:00
Thursday - Friday09:00 - 17:00
Saturday09:00 - 12:00
*Calls from landlines are charged at the standard rate. Calls from mobiles may vary.

We can help you with...

  • Opening a new account
  • Answering any questions
  • Discussing your options
  • Your existing accounts

It's simple and easy

If you're ready to open an account you can download and complete an application form.

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 payable to yourself.

Alternatively, you can open an account at any of our branches.

Please also read our Terms and Conditions for Savings Accounts leaflet and the Deposit Guarantee Scheme Information Sheet.

All new savings customers must sign any future windfall rights to our Charitable Foundation.

Our savings customers say...

"Whenever I visit Tipton & Coseley I'm dealt with quickly, on a one to one basis making each visit convenient and ideal." Mrs Cooke
Savings customer read more

Our savings customers say...

"The staff are really friendly and welcoming and always ask how I am, I feel like I can have a chat with them." Mrs Thomson
Savings customer read more