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New Christmas Bond from Teachers Building Society

Dec 13, 2010

Teachers Building Society is celebrating Christmas with the launch of a limited issue fixed rate bond (issue 94), offering up to 3.70% gross/AER.

The bond requires a minimum investment of £500 and is fixed for 30 months, maturing on 25th June 2013. It pays a higher rate for higher balances, so if between £500 and £29,999 is invested, the interest rate is 3.45% gross/AER, and balances of £30,000 or more receive 3.70% gross/AER.

Alan Gravett, head of sales & marketing at Teachers Building Society, says “The Christmas bond offer looks set to follow our Regular Saver into the best buy tables and shows our commitment to providing excellent rates to our members. There aren’t many two and a half year bonds on the market and it’s an ideal account for people looking for a decent return on their savings over a medium term.”

Teachers Building Society places great emphasis on customer service and recently removed the automated phone system so customers can get straight through to a member of staff when phoning during office hours. While the mortgage service at Teachers is dedicated to those working in education or residing in the Society’s local BH postal area, savings are available to everyone.