1 Year Fixed Rate ISA

Fixed until 31/01/2021

This product may be withdrawn at any time.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

Maximise your tax free returns with our 1 Year Fixed Rate ISA and benefit from a guaranteed interest rate for the next 12 months.

Key features

  • No withdrawals until maturity
  • Minimum opening deposit: £1000

Summary box

Account name

1 Year Fixed Rate ISA

What is the interest rate?

Interest is calculated daily and paid annually on 5th April and on maturity.

£1000 plus – 1.30% gross / 1.31% AER fixed until 31 January 2021.

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 term?

The balance at the end of the fixed rate term on a deposit of £1,000 with an interest rate of 1.30% gross / 1.31% AER (fixed) would be £1,016.32.

This estimation is an illustration only and assumes:

  • the account is opened on 1 November 2019;
  • 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 5th April and again on maturity.

When you're ready to open your account simply download and complete an application form.

How do I manage and open my account?

You must be aged 16 or over to open an account. Joint accounts can’t be opened. We will not accept transfers in from other ISA providers.

The minimum opening balance is £1000. You can pay in up to the annual ISA allowance. The allowance is set by the Government and for the current tax year is £20,000. The maximum operating balance is £250,000. This is a lump sum account so you cannot add more money to the account once it has been opened even if you have not contributed your full ISA allowance at account opening.

Accounts can be opened at any of our branches, there's no need for an appointment. If you can't get to our branches then you can open your account by post, just send us your application form and a cheque payable to yourself. To open an ISA we need your National Insurance number.

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 Cash ISA account from our range which may include a new Fixed Rate ISA 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.

Can I withdraw money?

Yes, but this account doesn’t allow part withdrawals. You can close the account and withdraw the whole of the balance or transfer to another ISA provider during the fixed term, subject to loss of 90 days interest.

If there is insufficient earned interest to cover the 90 day loss of interest then the difference will be taken from the balance in the account.

Please note following the closure of this account where the funds have not been transferred to another ISA, the funds will no longer be eligible for the tax benefits of an ISA.

We aim to complete transfers out to another ISA provider within 5 working days.

When you're ready to open your account simply download and complete an application form.

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. If you cancel your Fixed Rate ISA within this period you’re free to subscribe to another ISA in the same tax year. Any interest paid will be exempt from tax.

When you're ready to open your account simply download and complete an application form.

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 to...

  • Open a new account
  • Answer any of your questions
  • Discuss your savings options
  • Discuss your existing account

Great, lets go

To get started you just need to download the application form. You'll also need your initial deposit, which if it a cheque, will need to be payable to yourself.

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

If you are a new savings customer then you must sign 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