Notice 95 (issue 1)

  • Competitive variable rate of currently 4.75% gross/AER variable
  • Unlimited withdrawals (subject to 95 days' notice) penalty free
  • PLEASE NOTE - This product is NOT an ISA
rate %
Product name Min opening
Withdrawal options Save up to (Max)
4.75% Notice 95 (issue 1) £1,000 95 days' notice £250,000

Summary box

Account name

Notice 95 (issue 1)

What is the interest rate?

Gross/AER: currently 4.75% variable

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: currently 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 sections 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 £1,047.50. 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?

Opening your Account

  • The minimum opening balance and minimum operating balance for this account is £1000 with maximum savings of £250,000 (subject to HM Revenue & Customs limits)
  • This account can be opened online or by post

Managing your Account

  • This account can be operated online, by phone or by post.
  • You can register and log in to your account here once opened

Can I withdraw my money?

Withdrawals may be made with no loss of interest following 95 days’ notice. Immediate withdrawals are not permitted. When you wish to make a withdrawal, you will need to call us (if you have set up the relevant security information), log into your ‘My Accounts’ service, or write to us to request the funds. The Society will then transfer the money to your nominated account by the Faster Payments Service. Your funds will then be available to you on the next working day, so please take this into account when making a withdrawal (this is not suitable if you think you may need the money on the same day).

This account is designed for people who do not need immediate access to their funds, as immediate withdrawals are not permitted.

Will I get charged to operate my account?

The normal day to day operation of your account is free of charge. However there are some additional services that we may charge you for. These are as follows:

• Withdrawals by telegraphic transfer: If you ask us to transfer money to your bank as a same day transfer - £25.00

• Unpaid/returned cheques: If your bank or cheque issuer does not honour your cheque and we reverse the payment from your account - £7.00

Additional information

  • Your interest is calculated daily and credited to your account annually (on 31st December)
  • Withdrawals and closures may be made with no loss of interest following 95 days’ notice online, by phone or by post. Immediate withdrawals are not permitted
  • 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 £1,000. Maximum savings £250,000 (subject to HM Revenue & Customs limits)

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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