- New savings rates from 1 July 2022
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.
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) | |
|---|---|---|---|---|---|
| 0.90% | Teachers for teachers (issue 1) - 1.25% from 8 July 2022 | £5,000 | Up to 3 withdrawals permitted per calendar year | £100,000 | Details |
| 1.10% | Teachers for teachers easy access ISA (issue 1) | £100 | Easy access | £100,000 | Details |
Notice savings accounts
|
Interest rate % |
Product name |
Min opening balance |
Withdrawal options | Save up to (Max) | |
|---|---|---|---|---|---|
| 1.30% | Education ISA (issue 2) | £100 | 90 days' notice | £250,000 | Details |