Account name
Fixed Rate Bond until 30 April 2024
When you're ready to open your account simply download and complete an application form.
What is the interest rate?
The fixed rate below applies from 29 January 2021:
£1,000 plus - 0.75% gross / AER fixed until 30 April 2024
Interest is calculated daily and paid annually on 31 December, and again on maturity.
When you're ready to open your account simply download and complete an application form.
Can Tipton & Coseley Building Society change the interest rate?
The interest rate on your account is fixed and won't change before the maturity date.
When you're ready to open your account simply download and complete an application form.
What would the estimated balance be at the end of the fixed rate term based on a £1,000 deposit?
The balance at the end of the fixed rate term on a deposit of £1,000 with an interest rate of 0.75% gross / AER (fixed) would be £1,024.62.
This estimation is an illustration only and assumes:
- the account is opened on 29 January 2021;
- 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.
When you're ready to open your account simply download and complete an application form.
How do I open and manage my account?
You must live in a B, DY, WS or WV postcode to open this account. Only one account can be opened per customer. After your account is opened, no transactions can be made until maturity. Joint accounts can be opened. You must be aged 16 or over to open an account.
The minimum opening deposit is £1,000 and the maximum amount that can be deposited per customer is £250,000.
For opening deposits made by electronic payments, you must send your initial deposit within 10 working days, or the account will be automatically closed.
Accounts can be opened at any of our branch offices, no appointment is necessary. If you can't get to a branch 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 needing paper-based identification. If we require further proof we'll let you know. Please click here to see our list of acceptable identification.
When you're ready to open your account simply download and complete an application form.
Can I withdraw money?
Withdrawals aren't allowed until the end of the fixed rate term. If you do not wish to rollover your account once it reaches its maturity date, you are able to withdraw the funds within 14 days.
We'll contact you at least 14 days before your fixed rate period ends to give you details of your maturity options. If we don't hear from you before maturity, we'll 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 we'll give you details of the account we intend to automatically rollover your maturity balance to.
When you're ready to open your account simply download and complete an application form.
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.
When you're ready to open your account simply download and complete an application form.
