Account name
30 Day Notice Midlands Air Ambulance Saver (Issue 2)
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% gross / AER
Interest is calculated daily and paid annually on 31 December.
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 balance after 12 months on an initital deposit of £1,000.00 with an interest rate of 0.40% gross/AER (variable) would be £1,004.00.
This projection is for illustrative purposes only and assumes:
- The account is opened on 1 January;
- There are no additional deposits or withdrawals made;
- Interest is paid back into the account
- There is no change to the interest rate; and
- Interest is paid gross on 31 December.
When you're ready to open your account simply download and complete an application form.
How do I open and manage my account?
The account is available for anyone aged 16 or over. Only one account can be opened per customer.
Accounts can be opened at any of our branch offices without the need to make an appointment beforehand. If you are unable to make it to an office then applications by post are also allowed, simply send a cheque for your opening deposit along with your application.
We are able to access credit reference agency databases which, in most cases will allow us to prove your identity and address without the need for paper-based identification. If we do require further proof of identification we will let you know. Please click here to see our list of acceptable identification.
The minimum opening deposit is £100. You must have at least £100 in the account to keep it open. Withdrawals taking the balance below £100 are only allowed on closure of your account.
For opening deposits made by electronic payments, you must send your initial deposit within 10 working days, or the account will be automatically closed.
You can pay money in or draw money out at any of our branch offices or through the post. Additional deposits can be made by cash or cheque. You can also pay money into your account by standing order. The maximum overall holding per account is £100,000.
Joint accounts may be opened.
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?
Withdrawals require 30 days’ notice and are limited to three in any calendar year. No early access is available.
Upon making your third withdrawal, no further withdrawals, including account closure, are allowed until the following calendar year.
Withdrawals must be a minimum of £100 and can only be made by cheque. No cash or internal transfer withdrawals are allowed.
Our daily withdrawal limits are £20,000 by cheque. Withdrawal of an amount greater than £20,000 will require two days’ notice.
When you're ready to open your account simply download and complete an application form.
Additional information
Interest is paid gross (without tax deducted).
Not only will you earn interest on your savings but, you will also be supporting your 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.
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.
If you decide within 14 days of opening your account that it 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 transfer it to another one of our savings accounts.
Issued date: 22 April 2021
When you're ready to open your account simply download and complete an application form.
