- New savings rates from 1 July 2022
Savings products that help fellow teachers
Without our savers, we couldn’t exist.
Building Societies have long worked on the basis of using collective savings deposits to support mortgage lending – we’re no different to other mutuals in that respect. But there is something unique about our savings that you might not know. Because we’re a specialist teacher mortgage lender, when you chose to save with us you are directly helping us lend to more teachers so they can buy their first homes. We think that’s something special.
Savings for corporate, charitable and educational organisations
Savings for your organisation that support teachers too
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Saving with Teachers helps teachers buy homes
We’re not using your savings simply to make profits, or to enrich shareholders (we actually don’t have any of those). We are helping teachers, teachers like you, like the ones who taught you, or the ones who teach today’s children to buy a home. And the more of you who make the decision to save with us, the more teacher first time buyers with smaller mortgage deposits we can help.
Who can save with us
Because the more savings we’re trusted with, the more we can lend to teachers, our accounts are open to savers of any profession. We also have a range of savings accounts suitable for charities, community fundraising associations and for incorporated businesses too.
Protection for your savings
Your eligible deposits with Teachers Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. This limit is applied to the total amount you hold with Teachers Building Society. Any total deposits you hold above this £85,000 limit are unlikely to be covered.