Fixed Rate Bond until 31.05.22 (App)

Fixed until 31/05/2022

This product may be withdrawn at any time.

 
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.
0.5%
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.
18 years and over
 

Your savings account

Easy to open and easy to use. Save on the go with our Fixed Rate Bond until 31.05.22 (App)

Key features

  • No withdrawals until maturity
  • No additional deposits until maturity
  • Open and operate through the Tipton App only

Summary Box

Account name

Fixed Rate Bond until 31.05.22 (App)

When you're ready to open your account, simply visit the Tipton App to find out more.

What is the interest rate?

The fixed rate below applies from 27 February 2021 and is fixed until 31 May 2022. Interest is calculated daily and paid annually on 31 December and on maturity.

  • £1,000 plus - 0.50% gross / AER

When you're ready to open your account, simply visit the Tipton App to find out more.

Can Tipton & Coseley Building Society change the interest rate?

The interest rate on your account is fixed, and won’t be changed before the maturity date.

When you're ready to open your account, simply visit the Tipton App to find out more.

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 based on an initial deposit of £1,000 with an interest rate of 0.50% Gross/AER would be £1,006.30.

This estimation is an illustration only and assumes that the account is opened on 27 February 2021, and no additional deposits or withdrawals are made, interest is paid gross and compounded into the account on 31 December and again on maturity. The interest rate will remain unchanged during the fixed term

When you're ready to open your account, simply visit the Tipton App to find out more.

How do I manage and open my account?

The account is available for anyone aged 18 or over.

You can open the account via the Tipton App only. Joint accounts are not permitted. Only one account per customer is allowed at any one time.

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

The minimum opening deposit of £1,000 is required and the maximum deposit amount is £100,000 per account. After your account is opened, no transactions can be made until maturity.

When you're ready to open your account, simply visit the Tipton App to find out more.

Can I withdraw money?

No withdrawals are 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 to your nominated bank account via the Tipton App 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 contact you, we'll give you details of the account we intend to automatically rollover your maturity balance to.

Cash or cheque withdrawals are not permitted, withdrawals may only be made via the App to your nominated bank account.

When you're ready to open your account, simply visit the Tipton App to find out more.

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.

This product may be withdrawn at any time.

Issue date: 27 February 2021

When you're ready to open your account, simply visit the Tipton App to find out more.

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 savings questions
  • Discuss your savings options
  • Discuss your existing account

We can help

You can open the account via the Tipton App only, where you will find all information relating to the account. Please see our Terms and Conditions for more details.


Our savings customers say...

"I have 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 was given real peace of mind that my savings would be carefully looked after. 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