Maximise your tax free returns with our Limited Issue ISA.

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.
1.05% - 1.35% see rates
£1,000 - £9,999.99: 1.05% / 1.05%
£10,000 - £24,999.99: 1.2% / 1.2%
£25,000+: 1.35% / 1.35%
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

This product may be withdrawn at any time.

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Key features

  • Tax free savings
  • 3 withdrawals allowed without penalty
  • Save up to £100,000 in your ISA
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Summary box

Account name

Limited Issue ISA

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 17 June 2022.

  • £1,000 - £9,999.99 - 1.05% Tax Free / AER
  • £10,000 - £24,999.99 - 1.20% Tax Free / AER
  • £25,000 plus - 1.35% 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?

These estimations below assume your account is opened on 6 April with 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 1.05% Tax Free / AER (variable) would be £1,010.50.
  • The balance after 12 months based on an initial deposit of £10,000 with an interest rate of 1.20% Tax Free / AER (variable) would be £10,120.00.
  • The balance after 12 months based on an initial deposit of £25,000 with an interest rate of 1.35% Tax Free / AER (variable) would be £25,337.50.

These projections are 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 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, up to a maximum of £50,000.

The minimum opening balance is £1,000.

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. Additional deposits can be made by cash or cheque. You can also pay money into your account by standing order.

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

You must keep a minimum of £1,000 in your ISA for it to remain open. Withdrawals where you take your balance below £1,000 are only allowed when closing the account. Withdrawals taking the balance below £25,000 or £10,000 will result in a lower rate of interest, as noted in the ‘What is the interest rate?’ section above. 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.

We aim to complete transfers out within 5 working days. Standard branch limits apply.

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

Can I withdraw money?

You can make three withdraws per calendar year without notice or charge, subject to our daily withdrawal limits, this also includes transfers out to other ISA providers. Further withdrawals or closure will be subject to 90 days interest lost on the amount withdrawn. Withdrawals taking the balance below £25,000 or £10,000 will result in a lower rate of interest, as noted in the ‘What is the interest rate?’ section above.

If you make a fourth or subsequent withdrawal/closure before 90 days’ notice is accrued, you will still experience 90 days loss of interest. If there is insufficient earned interest to cover the 90 days loss of interest then the difference will be taken from the balance in the account.

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.

We aim to complete transfers out within 5 working days. Standard branch limits apply.

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 Limited Issue 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 - 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. We’ll notify you if, by reason of any failure to satisfy the provisions of the ISA Regulations, an ISA has, or will, become void. Any tax due on interest paid will be debited to the account on closure. Where a break between subscriptions lasts for a whole tax year you must make a new application before you can continue subscriptions. None of the rights of the account holder in respect of the ISA may be assigned or used as security for a loan. Tax assumptions are based on current legislation. The favourable tax treatment may not be maintained as it is the Government that is responsible for the tax treatment. Cash ISAs can remain open following the death of an account holder but will be closed when the deceased’s estate is finalised. An account will cease to be a Cash ISA if the account holder becomes bankrupt. Where we are instructed by the member or HM Revenue & Customs to cancel an ISA due to breaches of regulations, any interest paid will not be exempt from tax.

Issued date: 17 June 2022

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

Ready to apply?

How would you like to apply?

How would you like to apply?

In Branch

Apply at one of our branches

Find a branch

By Post

Apply by post

Open account by post

Open account on our app

Account Summary

Account name Limited Issue ISA
gross/AER 1.05% - 1.35%
notice for withdrawals no notice
age restriction 16 years and over

Things to know...

  • Tax free savings
  • 3 withdrawals allowed without penalty
  • Save up to £100,000 in your ISA

How to apply

You must print off the following document and post it to our head office:

Tipton & Coseley Building Society,
70 Owen Street,
Tipton,
West Midlands,
DY4 8HG

Download application form

We can help you to...

  • Open a new account
  • Answer any of your questions
  • Discuss your savings options
  • Discuss your existing account
Gayle, from our savings team is happy to help 0121 557 2551*
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.

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