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We are currently experiencing a high volume of savings account applications and will be in touch regarding your application as soon as we can. Apologies for any inconvenience caused.
Savings accounts exclusively for teachers
Whether you’re a relatively new teacher at the earlier stages of your career and saving for your first home, a retired teacher looking for a secure home for your savings or something in between we can help. We have a range of savings account options, and what’s more, our best savings rates are reserved for teachers.
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.
Saving with Teachers helps teachers buy homes – fact. Confused? Don’t be, 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 – your colleagues, peers. You’re helping us help people like you – when it comes to societal purpose, we think that’s something we can all be proud of.
Our savings accounts for teachers 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);
- Fixed rate savings (where you save a lump sum for a fixed period of time).
Easy access savings accounts
|
Interest rate % |
Product name |
Min opening balance |
Withdrawal options | Save up to (Max) | |
|---|---|---|---|---|---|
| 3.15% Gross p.a./AER Variable | Easy Access Savings for Teachers (issue 1) | £100 | Easy access | £100,000 | Details |
| 2.55% Tax-free p.a./AER Variable | Easy Access Cash ISA for Teachers (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) | |
|---|---|---|---|---|---|
| 3.60% Tax-free p.a./AER Variable | Triple Access Cash ISA for Teachers | £100 | Up to 3 penalty free withdrawals permitted per calendar year | £250,000 | Details |
Notice savings accounts
|
Interest rate % |
Product name |
Min opening balance |
Withdrawal options | Save up to (Max) | |
|---|---|---|---|---|---|
| 3.95% Tax-free p.a./AER Variable | 180 Day Notice Cash ISA for Teachers (issue 1) | £100 | 180 days' notice | £250,000 | Details |
| 3.80% Tax-free p.a./AER Variable | 120 Day Notice Cash ISA for Teachers (issue 1) | £100 | 120 days' notice | £250,000 | Details |
| 2.80% Tax-free p.a./AER Variable | 90 Day Notice Cash ISA for Teachers (issue 1) | £100 | 90 days' notice | £250,000 | Details |
Fixed rate savings accounts (available for all)
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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.
