|
Pension 90 (ISSUE 1)
|
|
| 0.45% (Please note that this rate will be changing to 0.40% on 23rd April 2021) |
£1,000 |
90 days' notice |
All |
£500,000 |
|
SUMMARY BOX
ACCOUNT NAME
Pension 90 (Issue 1)
A notice account for a SIPP (Self Invested Pension Plan) or a SSAS (Small Self-Administered Scheme)
WHAT IS THE INTEREST RATE?
Gross: 0.45% AER: 0.45% Net: N/A Bonus: N/A
(Please note that this rate will be changing to 0.40% on 23rd April 2021)
CAN TEACHERS BUILDING SOCIETY CHANGE THE INTEREST RATE?
The interest rate for this account is variable, meaning that it can be changed at any time in accordance with sections 6.4, 6.5 and 6.6 of the applicable terms and conditions.
WHAT WOULD THE ESTIMATED BALANCE BE AFTER 12 MONTHS BASED ON A £1,000 DEPOSIT?
The estimated balance after 12 months based on a £1,000 deposit would be £1,004.50. This amount is based on the assumption that all terms and conditions for the account are met.
After the rate change scheduled for the 23rd April 2021, the new rate for this account will be 0.40%, and the estimated balance after 12 months based on a £1,000 deposit would be £1,004.00. This amount is based on the assumption that all terms and conditions for the account are met.
HOW DO I OPEN AND MANAGE MY ACCOUNT?
- For SIPP accounts, your scheme administrator will need to complete and return a pension application form together with the required documentation
- For SSAS accounts, you will need to complete and return a pension application form together with the required documentation
The account can be opened by completing our Pension application form and sending it to us, together with a cheque made payable to ‘Teachers Building Society a/c (name of organisation)’ for a minimum sum of £1,000. The maximum holding permitted across all accounts is £1m exclusive of accrued interest. The account can be added to at any time up to a maximum investment of £500,000. If the balance falls below £1,000, the society reserves the right to close the account. Any additional deposits will be accepted by cheque or electronic transfer from the designated pension bank account only.
Please note: SIPP deposits will only be accepted by scheme administrators authorised and regulated by the Financial Conduct Authority.
CAN I WITHDRAW MY MONEY?
Withdrawals/closures can be made with no loss of interest following 90 days’ notice. Withdrawals/closures must be requested in writing and funds will be sent to the designated bank account upon receiving signed instructions from the required signatories as outlined on the original application form.
ADDITIONAL INFORMATION
- Daily interest
- Interest paid annually on December 31st
|
|
Pension 30 (Issue 1)
|
|
| 0.40% (Please note that this rate will be changing to 0.30% on 23rd April 2021) |
£1,000 |
30 days' notice |
All |
£500,000 |
|
SUMMARY BOX
ACCOUNT NAME
Pension 30 (Issue 1)
A notice account for a SIPP (Self Invested Pension Plan) or a SSAS (Small Self-Administered Scheme)
WHAT IS THE INTEREST RATE?
Gross: 0.40% AER: 0.40% Net: N/A Bonus: N/A
(Please note that this rate will be changing to 0.30% on 23rd April 2021)
CAN TEACHERS BUILDING SOCIETY CHANGE THE INTEREST RATE?
The interest rate for this account is variable, meaning that it can be changed at any time in accordance with sections 6.4, 6.5 and 6.6 of the applicable terms and conditions.
WHAT WOULD THE ESTIMATED BALANCE BE AFTER 12 MONTHS BASED ON A £1,000 DEPOSIT?
The estimated balance after 12 months based on a £1,000 deposit would be £1,004. This amount is based on the assumption that all terms and conditions for the account are met.
After the rate change scheduled for the 23rd April 2021, the new rate for this account will be 0.30%, and the estimated balance after 12 months based on a £1,000 deposit would be £1,003.00. This amount is based on the assumption that all terms and conditions for the account are met.
HOW DO I OPEN AND MANAGE MY ACCOUNT?
- For SIPP accounts, your scheme administrator will need to complete and return a pension application form together with the required documentation
- For SSAS accounts, you will need to complete and return a pension application form together with the required documentation
The account can be opened by completing our Pension application form and sending it to us, together with a cheque made payable to ‘Teachers Building Society a/c (name of organisation)’ for a minimum sum of £1,000. The maximum holding permitted across all accounts is £1m exclusive of accrued interest. The account can be added to at any time up to a maximum investment of £500,000. If the balance falls below £1,000, the society reserves the right to close the account. Any additional deposits will be accepted by cheque or electronic transfer from the designated pension bank account only.
Please note: SIPP deposits will only be accepted by scheme administrators authorised and regulated by the Financial Conduct Authority.
CAN I WITHDRAW MY MONEY?
Withdrawals/closures can be made with no loss of interest following 30 days’ notice. Withdrawals/closures must be requested in writing and funds will be sent to the designated bank account upon receiving signed instructions from the required signatories as outlined on the original application form.
ADDITIONAL INFORMATION
- Daily interest
- Interest paid annually on December 31st
|
|
Easy Access Pension (Issue 1)
|
|
| 0.35% (Please note that this rate will be changing to 0.25% on 23rd April 2021) |
£1,000 |
Easy access |
All |
£500,000 |
|
SUMMARY BOX
ACCOUNT NAME
Easy Access Pension (Issue 1)
WHAT IS THE INTEREST RATE?
Gross: 0.35% AER: 0.35% Net: N/A Bonus: N/A
(Please note that this rate will be changing to 0.25% on 23rd April 2021)
CAN TEACHERS BUILDING SOCIETY CHANGE THE INTEREST RATE?
The interest rate for this account is variable, meaning that it can be changed at any time in accordance with sections 6.4, 6.5 and 6.6 of the applicable terms and conditions.
WHAT WOULD THE ESTIMATED BALANCE BE AFTER 12 MONTHS BASED ON A £1,000 DEPOSIT?
The estimated balance after 12 months based on a £1,000 deposit would be £1,003.50. This amount is based on the assumption that all terms and conditions for the account are met.
After the rate change scheduled for the 23rd April 2021, the new rate for this account will be 0.25%, and the estimated balance after 12 months based on a £1,000 deposit would be £1,002.50. This amount is based on the assumption that all terms and conditions for the account are met.
HOW DO I OPEN AND MANAGE MY ACCOUNT?
- For SIPP accounts, your scheme administrator will need to complete and return a pension application form together with the required documentation
- For SSAS accounts, you will need to complete and return a pension application form together with the required documentation
The account can be opened by completing our Pension application form and sending it to us, together with a cheque made payable to ‘Teachers Building Society a/c (name of organisation)’ for a minimum sum of £1,000. The maximum holding permitted across all accounts is £1m exclusive of accrued interest. The account can be added to at any time up to a maximum investment of £500,000. If the balance falls below £1,000, the society reserves the right to close the account. Any additional deposits will be accepted by cheque or electronic transfer from the designated pension bank account only.
Please note: SIPP deposits will only be accepted by scheme administrators authorised and regulated by the Financial Conduct Authority.
CAN I WITHDRAW MY MONEY?
Withdrawals/closures must be requested in writing and funds will be sent to the designated bank account upon receiving signed instructions from the required signatories as outlined on the original application form. Withdrawals/closures can be made at any time, without notice.
ADDITIONAL INFORMATION
- Daily interest
- Interest paid annually on December 31st
|
|
Union Home Saver
|
|
| 0.50% |
£100 |
35 days' notice |
NEU Members |
£25,000 (£50,000 for joint accounts) |
|
SUMMARY BOX
ACCOUNT NAME
Union Home Saver
WHAT IS THE INTEREST RATE?
Gross/AER: 0.50%
CAN TEACHERS BUILDING SOCIETY CHANGE THE INTEREST RATE?
The interest rate for this account is variable, meaning that it can be changed at any time in accordance with section 6.4, 6.5 and 6.6 of the applicable terms and conditions. You will be informed in writing if the Society changes the interest rate applicable to your account.
WHAT WOULD THE ESTIMATED BALANCE BE AFTER 12 MONTHS BASED ON A £1,000 DEPOSIT?
The estimated balance after 12 months based on a £1,000 deposit would be £1,005.00. This amount is based on the assumption that all terms and conditions for the account are met.
HOW DO I OPEN AND MANAGE MY ACCOUNT?
This account can be opened and managed online or by post. The minimum opening balance for this account is £100 and the total maximum investment for this account is £25,000 (£50,000 if a joint account).
CAN I WITHDRAW MY MONEY?
Withdrawals may be made with no loss of interest following 35 days' written notice by post or online. Immediate withdrawals or closures are only permitted if the funds are to be used towards a mortgage with Teachers Building Society. The Society will then transfer the money to your nominated account by the Faster Payments Service.
ADDITIONAL INFORMATION
- Available to National Education Union members
- £600 cashback following completion of a Teachers Building Society mortgage (*terms and conditions apply)
- Daily interest
- Interest paid annually on 31st December
- Only one home saver account per person is permitted
- This product may be withdrawn at any time and without notice
|
|
Teacher Home Saver
|
|
| 0.50% |
£100 |
35 days' notice |
Teachers |
£25,000 (£50,000 for joint accounts) |
|
SUMMARY BOX
ACCOUNT NAME
Teacher Home Saver
WHAT IS THE INTEREST RATE?
Gross/AER: 0.50%
CAN TEACHERS BUILDING SOCIETY CHANGE THE INTEREST RATE?
The interest rate for this account is variable, meaning that it can be changed at any time in accordance with section 6.4, 6.5 and 6.6 of the applicable terms and conditions. You will be informed in writing if the Society changes the interest rate applicable to your account.
WHAT WOULD THE ESTIMATED BALANCE BE AFTER 12 MONTHS BASED ON A £1,000 DEPOSIT?
The estimated balance after 12 months based on a £1,000 deposit would be £1,005.00. This amount is based on the assumption that all terms and conditions for the account are met.
HOW DO I OPEN AND MANAGE MY ACCOUNT?
This account can be opened and managed online or by post. The minimum opening balance for this account is £100 and the total maximum investment for this account is £25,000 (£50,000 if a joint account).
CAN I WITHDRAW MY MONEY?
Withdrawals may be made with no loss of interest following 35 days' written notice by post or online. Immediate withdrawals or closures are only permitted if the funds are to be used towards a mortgage with Teachers Building Society. The Society will then transfer the money to your nominated account by the Faster Payments Service.
ADDITIONAL INFORMATION
- Available to teachers only (if applying jointly, only one account holder must be a teacher)
- £500 cashback following completion of a Teachers Building Society mortgage (*terms and conditions apply)
- Daily interest
- Interest paid annually on 31st December
- Only one home saver account per person is permitted
- This product may be withdrawn at any time and without notice
|
|
Teachers for Teachers
|
|
| 0.40% |
£5,000 |
Up to 3 withdrawals permitted per calendar year |
Available to teachers (including retired teachers) and other education professionals only |
£100,000 |
|
SUMMARY BOX
ACCOUNT NAME
Teachers for Teachers (Issue 1)
WHAT IS THE INTEREST RATE?
Tax-Free/AER: 0.40%
CAN TEACHERS BUILDING SOCIETY CHANGE THE INTEREST RATE?
The interest rate for this account is variable, meaning that it can be changed at any time in accordance with section 6.4, 6.5 and 6.6 of the applicable terms and conditions.
WHAT WOULD THE ESTIMATED BALANCE BE AFTER 12 MONTHS BASED ON A £5,000 DEPOSIT?
The estimated balance after 12 months based on a £5,000 deposit would be £5,020.00. This amount is based on the assumption that all terms and conditions for the account are met.
HOW DO I OPEN AND MANAGE MY ACCOUNT?
This account can be opened by post or online. After the account has been opened, it can be managed by telephone or online. The minimum opening balance for this account is £5,000.00 with a maximum investment of £100,000.00.
CAN I WITHDRAW MY MONEY?
Up to three withdrawals can be made per calendar year without notice by telephone or online. If you make more than three withdrawals per calendar year, the interest rate payable on the remaining balance for that calendar year will be equivalent to the Society's Extra Ordinary Account rate.
When you wish to make a withdrawal, you will need to contact us on 0800 783 2367 or log into your ‘My Accounts’ service to request the funds. The Society will then transfer the money to your nominated account by the Faster Payments Service.
ADDITIONAL INFORMATION
- Available to teachers (including retired teachers) and other education professionals only
- Daily interest
- Interest paid annually on 31st December
- This product may be withdrawn at any time and without notice
|
|
Easy Saver (Issue 2)
|
|
| 0.20% |
£100 |
Easy access |
All |
£100,000 |
|
SUMMARY BOX
ACCOUNT NAME
Easy Saver (Issue 2)
WHAT IS THE INTEREST RATE?
Gross/AER: 0.20%
CAN TEACHERS BUILDING SOCIETY CHANGE THE INTEREST RATE?
The interest rate for this account is variable, meaning that it can be changed at any time in accordance with section 6.4, 6.5 and 6.6 of the applicable terms and conditions. You will be informed in writing if the Society changes the interest rate applicable to your account.
WHAT WOULD THE ESTIMATED BALANCE BE AFTER 12 MONTHS BASED ON A £1,000 DEPOSIT?
The estimated balance after 12 months based on a £1,000 deposit would be £1,002.00. This amount is based on the assumption that all terms and conditions for the account are met.
HOW DO I OPEN AND MANAGE MY ACCOUNT?
This account can be opened by post or online. After the account has been opened, it can be managed by telephone or online. The minimum opening balance for this account is £100 with a maximum investment of £100,000.
CAN I WITHDRAW MY MONEY?
Withdrawals may be made at any time and without notice. When you wish to make a withdrawal, you can log into your 'My Accounts' service or contact us via telephone to request the funds. If your account with us is a joint account, either party may request withdrawals by telephone. The Society will then transfer the money to your nominated account by the Faster Payments Service.
ADDITIONAL INFORMATION
- Daily interest
- Interest paid annually on 31st December
- This product may be withdrawn at any time and without notice
|
|
Business Saver 90
|
|
| 0.30% |
£1,000 |
90 days' notice |
Incorporated Organisations |
£500,000 |
|
SUMMARY BOX
ACCOUNT NAME
Business Saver 90 (Issue 3)
WHAT IS THE INTEREST RATE?
Gross/AER: 0.30%
CAN TEACHERS BUILDING SOCIETY CHANGE THE INTEREST RATE?
The interest rate for this account is variable, meaning that it can be changed at any time in accordance with section 6.4, 6.5 and 6.6 of the applicable terms and conditions. You will be informed in writing if the Society changes the interest rate applicable to your account.
WHAT WOULD THE ESTIMATED BALANCE BE AFTER 12 MONTHS BASED ON A £1,000 DEPOSIT?
The estimated balance after 12 months based on a £1,000 deposit would be £1,003.00. This amount is based on the assumption that all terms and conditions for the account are met.
HOW DO I OPEN AND MANAGE MY ACCOUNT?
This account can be opened by post only. After the account has been opened, it can be managed via post or online. The minimum opening balance for this account is £1,000 with a maximum investment of £500,000.
CAN I WITHDRAW MY MONEY?
Withdrawals may be made with no loss of interest following 90 days' written notice by post or online. Immediate withdrawals are not permitted. The Society will then transfer the money to your nominated account by the Faster Payments Service.
ADDITIONAL INFORMATION
- Daily interest
- Interest paid annually on 31st December
- Available to incorporated organisations (Ltd/LLP/Plc/CIO, including incorporated charities)
- This product may be withdrawn at any time and without notice
|
|
Charity & Community Easy Saver
|
|
| 0.20% |
£1,000 |
Easy access |
Registered Charities |
£500,000 |
|
SUMMARY BOX
ACCOUNT NAME
Charity & Community Easy Saver (Issue 1)
WHAT IS THE INTEREST RATE?
Gross/AER: 0.20%
CAN TEACHERS BUILDING SOCIETY CHANGE THE INTEREST RATE?
The interest rate for this account is variable, meaning that it can be changed at any time in accordance with section 6.4, 6.5 and 6.6 of the applicable terms and conditions. You will be informed in writing if the Society changes the interest rate applicable to your account.
WHAT WOULD THE ESTIMATED BALANCE BE AFTER 12 MONTHS BASED ON A £1,000 DEPOSIT?
The estimated balance after 12 months based on a £1,000 deposit would be £1,002.00. This amount is based on the assumption that all terms and conditions for the account are met.
HOW DO I OPEN AND MANAGE MY ACCOUNT?
This account can be opened by post only. After the account has been opened, it can be managed via post or online. The minimum opening balance for this account is £1,000 with a maximum investment of £500,000
CAN I WITHDRAW MY MONEY?
Withdrawals may be made at any time and without notice. When you wish to make a withdrawal, you will need to write to us or log into your 'My Accounts' service to request the funds. The Society will then transfer the money to your nominated account by the Faster Payments Service.
ADDITIONAL INFORMATION
- Daily interest
- Interest paid annually on 31st December
- Available to registered charities and community fundraising associations (e.g.churches, community venues)
- This product may be withdrawn at any time and without notice
|
|
Charity & Community Saver 35
|
|
| 0.25% |
£1,000 |
35 days' notice |
Registered Charities |
£500,000 |
|
SUMMARY BOX
ACCOUNT NAME
Charity & Community Saver 35 (Issue 3)
WHAT IS THE INTEREST RATE?
Gross/AER: 0.25%
CAN TEACHERS BUILDING SOCIETY CHANGE THE INTEREST RATE?
The interest rate for this account is variable, meaning that it can be changed at any time in accordance with section 6.4, 6.5 and 6.6 of the applicable terms and conditions. You will be informed in writing if the Society changes the interest rate applicable to your account.
WHAT WOULD THE ESTIMATED BALANCE BE AFTER 12 MONTHS BASED ON A £1,000 DEPOSIT?
The estimated balance after 12 months based on a £1,000 deposit would be £1,002.50. This amount is based on the assumption that all terms and conditions for the account are met.
HOW DO I OPEN AND MANAGE MY ACCOUNT?
This account can be opened by post only. After the account has been opened, it can be managed via post or online. The minimum opening balance for this account is £1,000 with a maximum investment of £500,000.
CAN I WITHDRAW MY MONEY?
Withdrawals may be made with no loss of interest following 35 days' written notice by post or online. Immediate withdrawals are not permitted. The Society will then transfer the money to your nominated account by the Faster Payments Service.
ADDITIONAL INFORMATION
- Daily interest
- Interest paid annually on 31st December
- Available to registered charities and community fundraising associations (e.g. churches, community venues)
- This product may be withdrawn at any time and without notice
|
|
Charity & Community Saver 90
|
|
| 0.30% |
£1,000 |
90 days' notice |
Registered Charities |
£500,000 |
|
SUMMARY BOX
ACCOUNT NAME
Charity & Community Saver 90 (Issue 1)
WHAT IS THE INTEREST RATE?
Gross/AER: 0.30%
CAN TEACHERS BUILDING SOCIETY CHANGE THE INTEREST RATE?
The interest rate for this account is variable, meaning that it can be changed at any time in accordance with section 6.4, 6.5 and 6.6 of the applicable terms and conditions. You will be informed in writing if the Society changes the interest rate applicable to your account.
WHAT WOULD THE ESTIMATED BALANCE BE AFTER 12 MONTHS BASED ON A £1,000 DEPOSIT?
The estimated balance after 12 months based on a £1,000 deposit would be £1,003.00. This amount is based on the assumption that all terms and conditions for the account are met.
HOW DO I OPEN AND MANAGE MY ACCOUNT?
This account can be opened by post only. After the account has been opened, it can be managed via post or online. The minimum opening balance for this account is £1,000 with a maximum investment of £500,000.
CAN I WITHDRAW MY MONEY?
Withdrawals may be made with no loss of interest following 90 days' written notice by post or online. Immediate withdrawals are not permitted. The Society will then transfer the money to your nominated account by the Faster Payments Service.
ADDITIONAL INFORMATION
- Daily interest
- Interest paid annually on 31st December
- Available to registered charities and community fundraising associations (e.g. churches, community venues)
- This product may be withdrawn at any time and without notice
|
|
Business Easy Saver (Issue 1)
|
|
| 0.20% |
£1,000 |
Easy access |
Incorporated Organisations |
£500,000 |
|
SUMMARY BOX
ACCOUNT NAME
Business Easy Saver (Issue 1)
WHAT IS THE INTEREST RATE?
Gross/AER: 0.20%
CAN TEACHERS BUILDING SOCIETY CHANGE THE INTEREST RATE?
The interest rate for this account is variable, meaning that it can be changed at any time in accordance with section 6.4, 6.5 and 6.6 of the applicable terms and conditions. You will be informed in writing if the Society changes the interest rate applicable to your account.
WHAT WOULD THE ESTIMATED BALANCE BE AFTER 12 MONTHS BASED ON A £1,000 DEPOSIT?
The estimated balance after 12 months based on a £1,000 deposit would be £1,002.00. This amount is based on the assumption that all terms and conditions for the account are met.
HOW DO I OPEN AND MANAGE MY ACCOUNT?
This account can be opened by post only. After the account has been opened, it can be managed via post or online. The minimum opening balance for this account is £1,000 with a maximum investment of £500,000
CAN I WITHDRAW MY MONEY?
Withdrawals may be made at any time and without notice. When you wish to make a withdrawal, you will need to write to us or log into your 'My Accounts' service to request the funds. The Society will then transfer the money to your nominated account by the Faster Payments Service.
ADDITIONAL INFORMATION
- Daily interest
- Interest paid annually on 31st December
- Available to incorporated organisations (Ltd/LLP/Plc/CIO, including incorporated charities)
- This product may be withdrawn at any time and without notice
|
|
Business Saver 35 (Issue 3)
|
|
| 0.25% |
£1,000 |
35 days' notice |
Incorporated Organisations |
£500,000 |
|
SUMMARY BOX
ACCOUNT NAME
Business Saver 35 (Issue 3)
WHAT IS THE INTEREST RATE?
Gross/AER: 0.25%
CAN TEACHERS BUILDING SOCIETY CHANGE THE INTEREST RATE?
The interest rate for this account is variable, meaning that it can be changed at any time in accordance with section 6.4, 6.5 and 6.6 of the applicable terms and conditions. You will be informed in writing if the Society changes the interest rate applicable to your account.
WHAT WOULD THE ESTIMATED BALANCE BE AFTER 12 MONTHS BASED ON A £1,000 DEPOSIT?
The estimated balance after 12 months based on a £1,000 deposit would be £1,002.50. This amount is based on the assumption that all terms and conditions for the account are met.
HOW DO I OPEN AND MANAGE MY ACCOUNT?
This account can be opened by post only. After the account has been opened, it can be managed via post or online. The minimum opening balance for this account is £1,000 with a maximum investment of £500,000.
CAN I WITHDRAW MY MONEY?
Withdrawals may be made with no loss of interest following 35 days' written notice by post or online. Immediate withdrawals are not permitted. The Society will then transfer the money to your nominated account by the Faster Payments Service.
ADDITIONAL INFORMATION
- Daily interest
- Interest paid annually on 31st December
- Available to incorporated organisations (Ltd/LLP/Plc/CIO, including incorporated charities)
- This product may be withdrawn at any time and without notice
|
|
Education Community Easy Saver
|
|
| 0.30% |
£1,000 |
Easy access |
Education Community |
£500,000 |
|
SUMMARY BOX
ACCOUNT NAME
Education Community Easy Saver (Issue 1)
WHAT IS THE INTEREST RATE?
Gross/AER: 0.30%
CAN TEACHERS BUILDING SOCIETY CHANGE THE INTEREST RATE?
The interest rate for this account is variable, meaning that it can be changed at any time in accordance with section 6.4, 6.5 and 6.6 of the applicable terms and conditions. You will be informed in writing if the Society changes the interest rate applicable to your account.
WHAT WOULD THE ESTIMATED BALANCE BE AFTER 12 MONTHS BASED ON A £1,000 DEPOSIT?
The estimated balance after 12 months based on a £1,000 deposit would be £1,003.00. This amount is based on the assumption that all terms and conditions for the account are met.
HOW DO I OPEN AND MANAGE MY ACCOUNT?
This account can be opened by post only. After the account has been opened, it can be managed via post or online. The minimum opening balance for this account is £1,000 with a maximum investment of £500,000
CAN I WITHDRAW MY MONEY?
Withdrawals may be made at any time and without notice. When you wish to make a withdrawal, you will need to write to us or log into your 'My Accounts' service to request the funds. The Society will then transfer the money to your nominated account by the Faster Payments Service.
ADDITIONAL INFORMATION
- Daily interest
- Interest paid annually on 31st December
- Available to National Education Union (NEU) associations, schools, pre-schools (including PTAs) and charities supporting the education sector
- This product may be withdrawn at any time and without notice
|
|
Education Community Saver 35
|
|
| 0.40% |
£1,000 |
35 days' notice |
Education Community |
£500,000 |
|
SUMMARY BOX
ACCOUNT NAME
Education Community Saver 35 (Issue 3)
WHAT IS THE INTEREST RATE?
Gross/AER: 0.40%
CAN TEACHERS BUILDING SOCIETY CHANGE THE INTEREST RATE?
The interest rate for this account is variable, meaning that it can be changed at any time in accordance with section 6.4, 6.5 and 6.6 of the applicable terms and conditions. You will be informed in writing if the Society changes the interest rate applicable to your account.
WHAT WOULD THE ESTIMATED BALANCE BE AFTER 12 MONTHS BASED ON A £1,000 DEPOSIT?
The estimated balance after 12 months based on a £1,000 deposit would be £1,004.00. This amount is based on the assumption that all terms and conditions for the account are met.
HOW DO I OPEN AND MANAGE MY ACCOUNT?
This account can be opened by post only. After the account has been opened, it can be managed via post or online. The minimum opening balance for this account is £1,000 with a maximum investment of £500,000.
CAN I WITHDRAW MY MONEY?
Withdrawals may be made with no loss of interest following 35 days' written notice by post or online. Immediate withdrawals are not permitted. The Society will then transfer the money to your nominated account by the Faster Payments Service.
ADDITIONAL INFORMATION
- Daily interest
- Interest paid annually on 31st December
- Available to National Education Union (NEU) associations, schools, pre-schools (including PTAs) and charities supporting the education sector
- This product may be withdrawn at any time and without notice
|
|
Education Community Saver 90
|
|
| 0.50% |
£1,000 |
90 days' notice |
Education Community |
£500,000 |
|
SUMMARY BOX
ACCOUNT NAME
Education Community Saver 90 (Issue 1)
WHAT IS THE INTEREST RATE?
Gross/AER: 0.50%
CAN TEACHERS BUILDING SOCIETY CHANGE THE INTEREST RATE?
The interest rate for this account is variable, meaning that it can be changed at any time in accordance with section 6.4, 6.5 and 6.6 of the applicable terms and conditions. You will be informed in writing if the Society changes the interest rate applicable to your account.
WHAT WOULD THE ESTIMATED BALANCE BE AFTER 12 MONTHS BASED ON A £1,000 DEPOSIT?
The estimated balance after 12 months based on a £1,000 deposit would be £1,005.00. This amount is based on the assumption that all terms and conditions for the account are met.
HOW DO I OPEN AND MANAGE MY ACCOUNT?
This account can be opened by post only. After the account has been opened, it can be managed via post or online. The minimum opening balance for this account is £1,000 with a maximum investment of £500,000.
CAN I WITHDRAW MY MONEY?
Withdrawals may be made with no loss of interest following 90 days' written notice by post or online. Immediate withdrawals are not permitted. The Society will then transfer the money to your nominated account by the Faster Payments Service.
ADDITIONAL INFORMATION
- Daily interest
- Interest paid annually on 31st December
- Available to National Education Union (NEU) associations, schools, pre-schools (including PTAs) and charities supporting the education sector
- This product may be withdrawn at any time and without notice
|