Fixed Rate Regular Saver

Fixed until 31/01/2020

This product may be withdrawn at any time.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 access
age restriction
Minimum or maximum age you must be to open this account.
16 years and over

Your savings account

Take advantage of our competitive rate at 2.00% gross/AER, fixed until 31 January 2020.

Key features

  • No withdrawals until maturity
  • Minimum monthly deposit of £10
  • Maximum monthly deposit of £500
  • No penalties for missed monthly payments

Summary box

Account name

Fixed Rate Regular Saver

What is the interest rate?

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

£10 plus – 2.00% gross/AER fixed until 31 January 2020

Can Tipton & Coseley Building Society change the interest rate?

As the account is a fixed rate, the interest rate on your account will not change before the maturity date.

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

This estimation assumes your account is opened on 7 January 2019 with an initial deposit of £500 and 11 further deposits of £500 are made on the first of each month. No withdrawals are made, interest is paid gross and compounded to the account on 31 December and again on maturity. The interest rate will remain unchanged during the fixed term.

Total amount deposited over the 12 months

Annual interest

Estimated balance at the end of the term


Fixed to 31 January 2020


This projection is for illustrative purposes only.

How do I open and manage my account?

Only one account can be opened per customer. After your account is opened, no withdrawals can be made until maturity. Joint accounts may be opened.

The minimum opening deposit is £10. You must have at least £10 in the account to keep it open. Withdrawals taking the balance below £10 are only allowed on closure of your account. After your account is opened, no withdrawals can be made until maturity.

You can pay a minimum deposit of £10 per month in to the account. A maximum deposit of £500 per month applies. You can make more than one monthly payment but you must not exceed more than £500 in one calendar month. There are no penalties for missed monthly payments.

You can pay money in 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.

We’ll contact you a minimum of 14 days prior to the expiry of the fixed rate period 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 include details of the account we intend to automatically rollover your maturity balance into.

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.

Can I withdraw money?

You cannot withdraw from the account during the fixed rate term.

Additional information

Interest is paid 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 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.

Here to help you...

  • Confirm our interest rates
  • Talk about your options
  • Discuss your existing account
  • Open your new account

It's easy to get started

When you're ready to open your account simply 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 read our Terms and Conditions for Savings Accounts leaflet and the Deposit Guarantee Scheme Information Sheet before you open your account.

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

Our savings customers say...

"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
Savings Customer read more

Our savings customers say...

"I know there is always advice available should I need it and the staff at the Tipton are always there." Mrs Thomson
Savings customer read more