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Teachers Building Society Launch New Fixed Rate Bonds

Feb 10, 2015

Teachers Building Society has launched two new Fixed Rate Bonds with fixed terms of 18 and 30 months respectively.

The bonds, which offer competitive interest rates, require a minimum investment of £500 and pay a higher rate for higher balances.

James Bawa, Chief Executive of Teachers Building Society said, “Teachers Building Society is committed to providing products that serve the needs of our customers and this fixed rate bond offers a competitive rate for new and existing customers.

“We are constantly looking to provide the best rates possible in this difficult saving market, with the Bank of England Base Rate remaining at an all time low of 0.5% it’s a difficult market for savers but we continue to communicate with our members and work hard to achieve the best savings rates we can.”

Fixed Rate Bond Issue 173

  • 18 month bond, maturing on 20th September 2016
  • 1.85% gross/AER on balances between £500 and £24,999
  • 1.95% gross/AER on balances over £25,000

Fixed Rate Bond Issue 174

  • 30 month maturing 19th September 2017:
  • 2.10% gross/AER on balances between £500 - £24,999
  • 2.20% gross/AER on balances over £25,000

Teachers Building Society has been providing mortgages to teachers and education professionals for nearly 50 years as well as local residents in Dorset, Hampshire and Wiltshire. It also provides savings accounts to anyone in the UK. The Society’s current savings product range includes fixed rate bonds, Cash ISA and easy access accounts. 

ENDS


Savings Notes:

Both Fixed Rate Bonds are available on monthly interest plans as follows:

Fixed Rate Bond Issue 173

Current rate of interest monthly:

  • 1.83% gross on balances between £10,000 and £24,999(1.85% AER)
  • 1.93% gross on balances over £25,000(1.95% AER)
  • Minimum investment £10,000

Fixed Rate Bond Issue 174

Current rate of interest monthly:

  • 2.08% gross on balances between £10,000- £24,999(2.10% AER)
  • 2.18% gross on balances over £25,000(2.20% AER)
  • Minimum investment £10,000

For more information visit our Fixed Rate Bonds page

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