Tipton & Coseley increases interest rates on Fixed Rate Bond Accounts
Tipton & Coseley Building Society increases interest rates on Fixed Rate Bond Accounts
Tipton & Coseley Building Society has increased the interest rates on the latest issue of its fixed rate bond accounts.
The Tipton has increased the interest rate on its 1-year fixed rate bond to 1.25% gross / AER* and increased the interest rate on its 2-year fixed rate bond to 1.50% gross / AER**.
The interest rate on the 1-year bond is fixed until 29th February 2020 and the 2-year bond is fixed until 28th February 2021. Interest is calculated on a daily basis and paid on 31st December and on maturity. The minimum deposit is £1000 and the maximum £100,000 for both accounts and only one account is allowed per customer. Withdrawals aren’t allowed until the end of the fixed term and no further deposits during the term are permitted.
The latest issue of its fixed rate bonds follows the recent launch of three new savings accounts from the Tipton. These include a 1-year fixed rate regular saver at 2.00% gross / AER*** and two Community Saver Accounts that pay the equivalent of 0.10% of the average monthly balance of these accounts to the Tipton & Coseley Charitable Foundation on 31st December each year.
To learn more about our Fixed Rate Bond Accounts please click here
To learn more about new Community Saver Accounts that pay a contribution to our charity foundation please click here
1-year Fixed Rate Bond
*1.25% gross/AER is fixed until 29th February 2020 from date of opening. 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. Rate correct as at 19th January 2019. Please visit www.thetipton.co.uk for full terms and conditions.
2-year Fixed Rate Bond
**1.50% gross/AER is fixed until 28th February 2021 from date of opening. 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. Rate correct as at 19th January 2019. Please visit www.thetipton.co.uk for full terms and conditions.
1-year Fixed Rate Saver Account
***2.00% gross/AER is fixed until 31st January 2020 from date of opening. 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. Rate correct as at 24th January 2019. Please visit www.thetipton.co.uk for full terms and conditions.