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Teachers Building Society Launches New ISA

Apr 30, 2018

Teachers Building Society has launched a new ‘Best Buy’* one year fixed rate Cash ISA, at a rate of 1.40%. The competitive account requires a minimum investment of £1,000 and a maximum of £250,000 - interest is paid at maturity on 28th May 2019. Transfers to this account are also permitted.

Simon Beresford, Chief Executive of Teachers Building Society, said: “Our latest ‘Best Buy’ Cash ISA complements our existing ISA portfolio and further demonstrations our commitment to offering value-added accounts to savers who want to keep their returns tax-free up to £20,000.”

“There’s still a place for ISAs in savvy savers’ financial planning, even after the introduction of the Personal Savings Allowance – our new fixed rate Cash ISA provides an attractive return for savers seeking a better paying account.”

*MoneyFacts Best Buy fixed rate 1 year ISA table: 30 April 2017.

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