- New savings rates from 1 July 2022
Savings for all - not just teachers
The savings accounts we can offer you include easy access accounts (where you can withdraw your savings at any point), notice accounts (where you need to let us know in advance if you’d like to make a withdrawal) and fixed rate savings (where you save a lump sum for a fixed period of time).
You might be wondering why a building society for ‘teachers’ offers savings accounts to other professionals. It’s actually pretty simple. Like all building societies, Teachers Building Society uses the collective deposits of all its savers to support mortgage lending. But unlike other mutuals, when you save with us you are directly supporting us in funding more low deposit mortgages to teachers so they can buy a first home, something that’s been our main mission since we were founded in 1966. By choosing to save with us you’re helping teachers – like the ones who taught you, your children or family members – buy homes. We think that’s something you can all be proud of (and a lot better than having the profits made from your hard earned savings used to enrich shareholders, which incidentally we don’t have).
Easy access savings accounts
Notice accounts
Fixed rate savings accounts
|
Interest rate % |
Product name |
Min opening balance |
Withdrawal options | Save up to (Max) | |
|---|---|---|---|---|---|
| 2.15% | Fixed rate cash ISA (issue 57) | £1,000 | Not permitted | £250,000 | Details |
| 1.60% | Fixed rate cash ISA (issue 56) | £1,000 | Not permitted | £250,000 | Details |
| 1.50% | Fixed rate pension account (issue 1) | £1,000 | Withdrawals are not allowed within the fixed rate period | £500,000 | Details |