Junior Wolves Saver (issue 2)

This product may be withdrawn at any time.

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gross/AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
0.45%
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.
under 16 years
 

Your savings account

An account for young Wolves supporters allowing them to save for the future and help their favourite team. Every three months Wolves will receive a payment based on the balances held in our Junior Wolves Saver accounts.

Key features

  • Maximum of 6 withdrawals each calendar year
  • Minimum opening balance: £10

Summary box

Account name

Junior wolves saver

What is the interest rate?

The variable rate below applies from 13 March 2017. Interest is calculated daily and paid each year on 31 December.

£10 plus - 0.45% gross / AER

 

Can Tipton & Coseley Building Society change the interest rate?

We can change our interest rates at any time. For more information regarding this please see Section 7 of our Terms and Conditions for Savings Accounts.

What would the estimated balance be after 12 months?

The balance after 12 months on an initial deposit of £1,000 with an interest rate of 0.45% gross/AER (variable) would be £1,004.50.

This estimation is an illustration 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.
How do I open and manage my account?

Our Junior Wolves Saver account is available for those aged below 16 years. The minimum opening deposit is £10 and the maximum amount that can be deposited is £25,000.

Children aged seven or over can open an account in their own name. Upon turning 16, and subject to the relevant minimum balance requirements being met, we will automatically switch your account to our Wolves Saver account.

New accounts can only be opened with a single named child as beneficiary and you will only be able to have one Junior Wolves Saver account open at a time.

You can open an account at any of our branches, no appointments are needed. You can also open an account by sending your application form along with your initial cheque deposit through the post.

To open a Junior Wolves account we will need proof of identity. We have access to credit reference agency databases which in the majority of cases will allow us to prove identity and address without the need for paper-based identification. However, we will not carry out these searches against customers aged under 18. Please click here to see our list of acceptable identification.

If you are opening this account in trust we will need to satisfy identification requirements for both the trustee and the beneficiary.

You must keep at least £10 in the account. Withdrawals taking the balance below £10 are only allowed on closure.

You can pay into your account at one of our branches, by setting up a standing order or posting us a cheque. Cheque deposits must be made payable either to the child or the Trustee(s) re the child.

Can I withdraw money?

You can make six withdrawals each calendar year without notice. After your sixth withdrawal, you will not be able to make any more until the following calendar year, this includes account closure.

Our daily withdrawal limits are:

  • £500 by cash; and
  • £20,000 by cheque.

Higher amounts require two days notice, subject to £2,500 maximum cash per day. The minimum amount for a cheque withdrawal is £10.

Additional information

Interest will be paid gross (without tax deducted).

You have 14 days to change your mind, if you decide your Junior Wolves Saver account isn't right for you. We will arrange to close the account and help you find a more suitable savings account with us or return your money to you.

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.
Speak to Caryl from our savings team today 0121 557 2551* Contact Us
Our branches 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.

Here to help you...

  • Open a savings account
  • Answer your questions
  • Discuss your savings options
  • With your existing accounts

Lets go

When you're ready to open your account, download and complete an application form, then send it to us with a cheque payable to yourself.

Before you do, please read our Terms and Conditions for Savings Accounts leaflet and the Deposit Guarantee Scheme Information Sheet.

All new savings customers must sign any future windfall rights to our Charitable Foundation.


Our savings customers say...

"I chose Tipton & Coseley because it was recommended by a friend. When I went in one of the advisers sat with me and listened to what I wanted. I left feeling happy and at ease." Mrs Cooke
Savings customer read more

Our savings customers say...

"I have stayed with the Tipton and I wouldn't go anywhere else. Everyone who works there is always happy to help. The service you receive is excellent." Mrs Thomson
Savings customer read more