Easy saver (issue 2)

Benefits to you

  • Variable rate of 4.50% gross/AER
  • Low minimum investment of £100
  • Easy withdrawals free of any interest charges
  • PLEASE NOTE - This product is NOT an ISA
rate %
Product name Min opening
Withdrawal options Save up to (Max)
4.50% Easy saver (issue 2) £100 Easy access £100,000

Summary box

Account name

Easy saver (issue 2)

What is the interest rate?

Gross/AER: 4.50%

If your balance falls below the minimum operating amount the interest rate payable on the remaining balance for that calendar year will be equivalent to the Society's Extra Ordinary Account rate: GROSS/AER: 0.50% variable.

AER: Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year

Can Teachers Building Society change the interest rate?

The interest rate for this account is variable, meaning that it can be changed at any time in accordance with section 6.4, 6.5 and 6.6 of the applicable terms and conditions.

What would the estimated balance be after 12 months based on a £1,000 deposit?

The estimated balance after 12 months based on a £1,000 deposit would be £1,045.00. This amount is based on the assumption that all terms and conditions for the account are met.

How do I open and manage my account?

This account can be opened by post or online. After the account has been opened, it can be managed by telephone or online. The minimum opening balance and minimum operating balance for this account is £100 with a maximum investment of £100,000.

  • You can register and log in to your account here once opened

Can I withdraw my money?

Withdrawals may be made at any time and without notice. When you wish to make a withdrawal, you can log into your 'My Accounts' service or contact us via telephone to request the funds. If your account with us is a joint account, either party may request withdrawals by telephone. The Society will then transfer the money to your nominated account by the Faster Payments Service.

Additional information

  • Your interest is calculated daily and credited to your account annually (on 31st December)
  • This product may be withdrawn at any time and without notice

Download Information Sheet

Open your account online

  • Application takes minutes
  • Minimum opening/operating balance £100. Maximum investment £100,000

Apply online

Terms & conditions

We recommend that you review our savings T's and C's before completing an application form.

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.

We are here to help!

Talk to a friendly, knowledgeable member of our UK-based team and see how we can help

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