The Regular Saver account from Teachers Building Society has never been out of the best buy tables on sites such as Moneyfacts since its launch last October.
This industry recognition of the account’s competitiveness has been reflected in the response from customers. Thirty percent more applications than expected were received by Teachers by the end of 2010, and the number of application forms downloaded from the mutual’s website quadrupled in the last quarter compared to the rest of the year.
The Regular Saver account currently pays 4% gross/AER including a 2.4% bonus for the first 12 months.
Alan Gravett, head of sales & marketing at Teachers, said: “It’s quite an accolade from the industry for the account to have been firmly wedged in the best buy tables since launch. As a mutual we aim to consistently give our customers great value, and this success – with an interest rate that’s currently hard to beat – reflects that ethos.”
As with all savings products from Teachers Building Society, the Regular Saver account is available to everyone, not just teachers.