Midlands Air Ambulance Saver (App) (Issue 2)

Account name

Midlands Air Ambulance Saver (App) (Issue 2)

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

What is the interest rate?

The variable rate below applies from 27 February 2021:

• £100 plus - 0.40% gross / AER

Interest is calculated daily and paid annually on 31 December.

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?

We may change the interest rate at any time. Further details can be found in section 7 of our Savings Terms and Conditions.

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

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

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

This estimation is an illustration only and assumes that the account is opened on 1 January, there are no additional deposits or withdrawals made, interest is paid gross and compounded into the account on 31 December, and there is no change to the interest rate.

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?

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.

The minimum opening deposit is £100, and you must have at least £100 in the account to keep it open. You can pay money in via the App from your nominated bank account only. The maximum deposit amount is £100,000 per account.

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.

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

Can I withdraw money?

Withdrawals will be subject to 30 days notice being provided.

Withdrawals can be made by transfer to your nominated bank account only, the minimum amount permitted per withdrawal is £100. No withdrawals are permitted in branch or through the post.

A maximum of three withdrawals may be made within each calendar year. Withdrawals taking the balance below £100 are only allowed on closure of your account. Upon making your third withdrawal, no further withdrawals, including account closure, are allowed until the following calendar year.

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.

Not only will you earn interest on your savings but, you will also be supporting Midlands Air Ambulance at the same time. At the end of each year, we will make a donation to Midlands Air Ambulance Charity based on the average balances held in these accounts.

If you decide within 14 days of opening that the account isn’t right for you, you can have your money back without charge. We’ll arrange to close the account and return your money or switch your funds to another of our savings accounts.

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: 7 January 2021

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