Need To Know
  • New fixed rate cash ISAs

Fixed rate bond (issue 291)

 

  • Competitive rate of 1.50% Gross/AER, fixed until 13th February 2024
  • Save from £500.00 up to £250,000.00
  • We will write to you prior to maturity with the options that are available
  • Please note this product can be withdrawn without notice.
Interest
rate %
Product name Min opening
balance
Withdrawal options Save up to (Max)
1.50% Fixed rate bond (issue 291) £500 Not permitted £250,000

Summary box

Account name

Fixed rate bond (issue 291)

What is the interest rate

Gross/AER: 1.50%

Can Teachers Building Society change the interest rate?

The interest rate for this account is fixed until 13 February 2024, meaning that it cannot be changed during

the fixed rate period

What would the estimated balance be at the end of the fixed rate period based on a £1,000 deposit?

The estimated balance at the end of the fixed rate period based on a £1,000.00 deposit would be £1,024.05. This amount is based on the assumption that all terms and conditions for the account are met.

We have worked this out assuming a £1,000.00 deposit is made on the first day the bond is available, interest earned is added to the account and no further deposits or withdrawals are made throughout the fixed term. This projection is provided for illustrative purposes only and does not take into account your individual circumstances.

How do I open and manage my account?

Opening your account

  • The minimum opening balance for this account is £500.00 with a maximum investment of £250,000.00.
  • This account can be opened online or by post
  • Please note: A cancellation period is not available for this type of account

Managing your Account

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

Can I withdraw my money?

Withdrawals are not allowed within the fixed rate period and therefore ‘Clause 8’ of the Deposit Account General Terms and Conditions only applies on maturity.

Additional information

  • This account matures at midnight on 13 February 2024
  • The interest rate is fixed until 13 February 2024
  • Interest on this account will be added on 13 February 2023 and 13 February 2024. Alternatively, interest can be paid to a bank account or transferred to another account with the Society.
  • The Society will write to you prior to maturity with the options that are available. You will, of course, have the opportunity to withdraw or transfer to one of the Society’s other savings accounts at that time without charge.
  • This product may be withdrawn at any time and without notice

Information Sheet

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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