Are you an intermediary? Click here for our intermediary area
Latest news: Savings rates increased

1 Year Fixed Rate Savings

Fixed until 28/02/2019

This product may be withdrawn at any time.

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 access
age restriction
Minimum or maximum age you must be to open this account.
16 years and over

Your savings account

An account that gives you the peace of mind that your rate cannot change for a set period of time. The rate is higher than our variable rate accounts but withdrawals are not allowed during the fixed rate period.

Key features

  • No withdrawals until maturity
  • No additional deposits until maturity

Summary box

Account name

1 Year Fixed Rate

What is the interest rate?

Interest is calculated daily and paid annually on 31 December and on maturity.

£1,000 plus - 0.85% gross / AER fixed until 28 February 2019

Can Tipton & Coseley Building Society change the interest rate?

The interest rate on your account is fixed and will not be changed before the maturity date.

What would the estimated balance be at the end of the term?

The balance at the end of the fixed rate term on a deposit of £1,000 with an interest rate of 0.85% gross/AER (fixed) would be £1,008.51.

This estimation is an illustration only and assumes:

  • the account is opened on 28 February 2018; 
  • there are no additional deposits or withdrawals made; 
  • interest is paid back into the account;
  • the interest rate is fixed; and
  • interest is paid gross on 31 December and again on maturity.
How do I open and manage my account?

Only one account can be opened per customer. Once the account is opened, no transactions can be made on the account until maturity. Joint accounts can be opened.

The minimum opening deposit is £1,000 and the maximum amount that can be deposited per customer is £25,000.

Accounts can be opened at any of our branch offices, no appointment is necessary. If you can't get to a branch then you can open an account by post, send us your application form and a cheque for your opening deposit.

We can access credit reference agency databases which, in the majority of cases, allows 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.

We will contact you at least 14 days before your fixed rate period ends to give you details of your maturity options. If we do not hear from you before maturity, we will automatically rollover your account to another account from our savings range which may include a new Fixed Rate Savings account. When we write to you this will provide details of the account we intend to automatically rollover your maturity balance to.

Can I withdraw money?

No withdrawals are allowed until the end of the fixed rate term.

Additional information

Interest is paid gross (without tax deducted).

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 branches 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.

Here to help you...

  • Open a new account
  • Discuss the best account for you
  • Help with your existing accounts
  • Answer any of your queries

Lets get started

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

When you apply, please remember to bring a cheque payable to yourself. Please also read our Terms and Conditions for Savings Accounts leaflet and the Deposit Guarantee Scheme Information Sheet.

We require all new savings customers to sign any future windfall rights to our Charitable Foundation.

Our savings customer 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 customer 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