Branch ISA (Issue 5)

This product may be withdrawn at any time.

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gross/AER
Gross means the contractual rate of interest payable. AER stands for the annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
0.4%
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 safe and straightforward ISA to help you achieve your goals. With no withdrawal restrictions, our Branch ISA (Issue 5) gives you peace of mind knowing you can access your money if you need to.

Key features

  • Tax free savings
  • No notice required for withdrawals
  • Save up to £20,000 in your ISA
  • You must live in a B, DY, WS or WV postcode to open this account

You must live in a B, DY, WS or WV postcode to open this account

Summary box

Account name

Branch ISA (Issue 5)

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

What is the interest rate?

The variable rate below applies from 27 February 2021.

  • £100 plus - 0.40% Tax Free / AER

Interest is calculated daily and paid annually on 5 April.

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

Can Tipton & Coseley Building Society change the interest rate?

Yes, we are able to change the interest rate at any time. For more information please see section 7 of our Terms and Conditions for Savings Accounts.

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

What would the estimated balance be after 12 months based on a £1,000 deposit?

The estimation below assumes your account is opened on 6 April with an initial deposit of £1,000 and no additional deposits or withdrawals are made, interest is paid gross and compounded to the account on 5 April, and there is no change to the interest rate.

  • The balance after 12 months based on an initial deposit of £1,000 with an interest rate of 0.40% Tax Free / AER (variable) would be £1,004.00.

This projection is for illustrative purposes only.

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 be open this account.

You must be aged 16 years to open an account. Joint accounts cannot be opened. Only one account per customer, at any one time.

Transfers in from other providers are permitted.

The minimum opening balance is £100.

Accounts can be opened at any of our branch offices, there's no need for an appointment either. 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 for your opening deposit.

For opening deposits made by electronic payments, you must send your initial deposit within 10 working days, or the account will be automatically closed.

To open a Branch ISA with us we will need your National Insurance number.

You must keep a minimum of £100 in your ISA for it to remain open. Withdrawals where you take your balance below £100 are only allowed when closing the account. The maximum deposit limit for this tax year is £20,000, which can be split between both Cash and Stocks and Shares ISA's. The maximum account balance is £100,000.

You can view your balance and recent transactions on the Tipton App, available in the Google Play Store and Apple Store.

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

Can I withdraw money?

You can withdraw from your Branch ISA without notice or charge, subject to our daily withdrawal limits. Transfers out to other ISA providers are also allowed without notice or charge.

Please note for any withdrawals from 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.

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 is not right for you, you can have your money back without charge. We will arrange to close your Branch ISA and return your money or switch your funds to another of our savings accounts.

If you cancel your 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.

  • Interest rates explained:
  • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
  • Tax-Free is the contractual rate of interest payable where interest is exempt from income tax. Interest earned on ISAs is tax-free as long as the statutory conditions of the scheme are not breached. Tax treatment depends on your individual circumstances and may be subject to change in the future.

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
SundayClosed
*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.

If you would like to transfer your ISA into this account, please complete our ISA Transfer In 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.

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