Need To Know
  • New fixed rate cash ISAs

Fixed rate cash ISA (issue 56)

 

  • Competitive rate of 1.60% tax-free/AER, fixed until 19th July 2023
  • Save from £1,000 up to £250,000
  • 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  • Please note this product can be withdrawn without notice.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)
1.60% Fixed rate cash ISA (issue 56) £1,000 Not permitted £250,000

Summary box

Account name

Fixed rate cash ISA (issue 56)

What is the interest rate

Tax-Free/AER: 1.60%

Can Teachers Building Society change the interest rate?

The interest rate for this account is fixed until 19th July 2023, 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 £1,017.16. 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 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 £1,000 with a maximum investment of £250,000
  • This account can be managed 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 cannot be made during the fixed rate period and therefore ‘Clause 9’ of the ISA General Terms and Conditions only applies on maturity.

Additional information

  • This ISA matures at midnight on 19th July 2023
  • Daily interest
  • Interest will be added on 19 July 2022 and 19 July 2023. Alternatively, interest can be paid direct 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
  • Early closure allowed subject to a 90 day penalty interest charge (no partial withdrawals permitted)
  • Both internal and external ISA transfers in are allowed (please note: this can be withdrawn at any time)
  • This is not a flexible ISA
  • 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.

We are here to help!

Talk to a friendly, knowledgeable member of our UK-based team and see how we can help

Contact us