Business savings support
Here to support your business savings journey
You may find the below helpful during your business savings journey with us.
As a local building society, we are proud to be empowering local businesses to boost their savings. Our accounts can help you:
- Make your business savings work for you by earning interest over time
- Put money aside for the future of your business
- Strengthen your business's financial resilience
Why save with The Tipton?
- We're a local building society, supporting local businesses
- Apply online
- FSCS protected
Financial Services Compensation Scheme (FSCS) Protection:
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank, building society or credit union is unable to meet its financial obligations. Most depositors (including individuals and small businesses) are covered by the scheme. Small businesses must meet specific criteria to be eligible under the scheme, and it is a regulatory requirement that we maintain records to help determine the eligibility of our customers. Please click here to check the eligibility of your business.
Business savings account opening support
Helping you to open a Business Savings Account with the Tipton
Business savings account opening supportBusiness welcome pack
After opening your business account with us, it's important you read through the following documents.
Business welcome packBusiness Savings FAQs
Frequently asked questions for our business savings customers
Business Savings FAQs (1)Business account withdrawal form
Please complete this form if you wish to withdraw or wish to give notice to withdraw from your business savings account.
Business account withdrawal formLearn more
What is a Business Savings Account?
A simple guide to help understand business savings accounts
Using personal savings accounts for business savings
This guide helps differentiate personal savings and business savings.
Smart ways to use a business savings account
Helping you make the most of your business savings.
Business Savings FAQs
At the moment, online and app access isn’t available. But don’t worry—you can manage your account easily by giving us a call on 0121 557 2551 or email businessaccounts@thetipton.co.uk.
If you're a registered and active Sole Trader, Partnership, or Limited Company, you're welcome to apply.
If DocuSign or the web form isn’t working for you, feel free to get in touch for support on 0121 557 2551 or email businessaccounts@thetipton.co.uk and we’ll be happy to help.
We like to keep things simple. All we ask for is a PDF bank statement (dated within the last 3 months) for your nominated account.
Of course, Just give us a call on 0121 557 2551 or email businessaccounts@thetipton.co.uk and we’ll be happy to update you.
No - We only carry out electronic checks to confirm your identity and meet UK anti-money laundering rules. These checks won’t affect your credit score, though they may appear on your credit report.
Yes, you can switch to another account in our Business Savings range.
We may need signatures from all account holders, depending on the type of account - just get in touch and we’ll guide you through it.
Once we’ve received your completed application, we aim to have your account up and running as soon as possible, this is normally within 2 – 3 working days of your application.
You can withdraw funds or close your account by completing our Business Account Withdrawal Form here.
Your funds will always be returned to your nominated bank account.
We’re here to help if you have any questions about the process.
We’ll send you a monthly statement so you can stay on top of your savings. If you ever need an update in between, just give us a call on 0121 557 2551 or e-mail businessaccounts@thetipton.co.uk
Yes, you can. Just email us at businessaccounts@thetipton.co.uk to get started. We’ll need to verify the new operator’s identity and have them agree to our terms and conditions.
We understand that flexibility is important, but unfortunately, early access isn’t available on notice accounts. You’ll need to wait until the full notice period has passed.
Yes, it is. If you're a Sole Trader, Partnership, or Limited Company, your savings are protected up to £120,000 under the Financial Services Compensation Scheme (FSCS). You can check your eligibility here