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).
Reminder: rates on variable rate savings accounts are reviewed regularly, including when the Bank of England changes its Base Rate. We notify existing account holders in advance of changes and add details to our savings product pages. The next Bank of England MPC meeting, when a change in base rate could be announced, is 19 June 2025.
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
|
Interest rate % |
Product name |
Min opening balance |
Withdrawal options | Save up to (Max) | |
|---|---|---|---|---|---|
| 3.00% Gross p.a./AER Variable | Easy Access Savings for Everyone (issue 1) | £100 | Easy access | £100,000 | Details |
| 2.50% Tax-free p.a./AER Variable | Easy Access Cash ISA for Everyone (issue 1) | £100 | Easy access | £250,000 | Details |
Limited access savings accounts
|
Interest rate % |
Product name |
Min opening balance |
Withdrawal options | Save up to (Max) | |
|---|---|---|---|---|---|
| 3.55% Tax-free p.a./AER Variable | Triple Access Cash ISA for Everyone | £100 | Up to 3 penalty free withdrawals permitted per calendar year | £250,000 | Details |
Notice accounts
|
Interest rate % |
Product name |
Min opening balance |
Withdrawal options | Save up to (Max) | |
|---|---|---|---|---|---|
| 3.90% Tax-free p.a./AER Variable | 180 Day Notice Cash ISA for Everyone (issue 1) | £100 | 180 days' notice | £250,000 | Details |
| 3.75% Tax-free p.a./AER Variable | 120 Day Notice Cash ISA for Everyone (issue 1) | £100 | 120 days' notice | £250,000 | Details |
| 3.20% Gross p.a./AER Variable | Notice 95 (issue 1) | £1,000 | 95 days' notice | £250,000 | Details |
| 2.75% Tax-free p.a./AER Variable | 90 Day Notice Cash ISA for Everyone (issue 1) | £100 | 90 days' notice | £250,000 | Details |
Fixed rate savings accounts
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FSCS protection for your savings
The Financial Services Compensation Scheme (FSCS) is a free, independent service that protects up to £85,000 of your eligible deposits at Teachers Building Society.
