Need To Know
  • New fixed rate cash ISAs

Education ISA (issue 2)

Benefits to you 

  • Competitive variable rate of 1.50% tax-free/AER
  • Low minimum investment of £100
  • Additions at any time (subject to HM Revenue & Customs limits)
  • Unlimited withdrawals (subject to 90 days' notice)
  • Transfers in from other providers accepted
rate %
Product name Min opening
Withdrawal options Save up to (Max)
1.50% Education ISA (issue 2) £100 90 days' notice £250,000

Summary box

Account name

Education ISA (issue 2)

  • Exclusive to teachers (including retired teachers) and other education professionals

What is the interest rate?

Tax-Free/AER: 1.50%

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 £1,000.00 deposit would be £1,015.00. 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?

Opening your Account 

  • The minimum opening balance for this account is £100.00 with a maximum investment of £250,000.00
  • This account can be opened online or by post

Managing your Account

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

Can I withdraw my money?

Withdrawals and closures may be made with no loss of interest following 90 days’ notice by phone or online. Immediate withdrawals are not permitted. When you wish to make a withdrawal, you can log into your 'My Accounts' service or contact us via telephone to request the funds. The Society will then transfer the money to your nominated account by the Faster Payments Service.

This account is designed for people who do not need immediate access to their funds, as immediate withdrawals are not permitted. This is not a flexible ISA, therefore any withdrawals made will be taken from the current tax year subscription allowance and cannot be replaced. 

If you wish to transfer your ISA to another Teachers Building Society ISA or another provider, please contact us.

Additional information

  • Daily interest
  • Interest paid annually on 5th April
  • This product may be withdrawn at any time and without notice

Download Information Sheet

Terms & conditions

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

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