Fixed Rate ISA to 30.06.23 (App)

Fixed until 30/06/2023

This product may be withdrawn at any time.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.
0.6%
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.
18 years and over
 

Your savings account

Maximise your tax free returns with our Fixed Rate ISA to 30.06.23 (App).

Key features

  • Withdrawals permitted subject to 180 day loss of interest
  • Minimum opening deposit: £1,000
  • Available to anyone aged 18 and over

Transfers in are not permitted on this account.

Summary box

Account name

Fixed Rate ISA to 30.06.23 (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. Interest is calculated daily and paid annually on 5th April and on maturity.

£1,000 plus – 0.60% Tax Free / AER fixed until 30 June 2023.

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 change 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 a deposit of £1,000 with an interest rate of 0.60% Tax Free / AER (fixed) would be £1,014.09.

This estimation is an illustration only and assumes:

  • the account is opened on 27 February 2021;
  • 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 visit the Tipton App to find out more.

How do I open and manage my account?

This account is available for anyone aged 18 and over. Joint accounts cannot be opened. Only one account per customer is allowed at any one time.

ISA transfers in are not permitted on this account.

The minimum opening balance is £1,000. 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.

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 £100,000. 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. 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. To open an ISA with us we will need your National Insurance number.

You can open the account via the Tipton App only.

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

Can I withdraw money?

Withdrawals may be made without notice. All withdrawals are subject to a charge of 180 days interest on the amount withdrawn. Cash or cheque withdrawals are not permitted, withdrawals may only be made via the App to your nominated bank account. Partial transfers out are not permitted during the fixed rate period. Transfers out in full are allowed subject to a charge of 180 days interest on the account balance.

If there is insufficient earned interest to cover the 180 day 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'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 contact you we'll give you details of the account we intend to automatically rollover your maturity balance to.

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

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.

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.

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.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

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

Great, lets go

You can open the account via the Tipton App only, where you will find all information relating to the account.

Mobile App

Please see our Terms and Conditions for more details.


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