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Education ISA (Issue 1)

1.40%

Benefits to you

  • Competitive rate of 1.40% tax-free/AER
  • Low minimum investment of £100
  • Additions at any time (subject to HM Revenue & Customs limits)
  • Unlimited withdrawals (subject to 90 days' notice)
  • Transfers in from other providers accepted

SUMMARY BOX

ACCOUNT NAME

Education ISA (Issue 1)

WHAT IS THE INTEREST RATE?

Tax-Free/AER: 1.40%

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 £1,014. 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 with a maximum investment of £250,000.

CAN I WITHDRAW MY MONEY?

Withdrawals may be made with no loss of interest following 90 days' written notice by post or online. The Society will then transfer the money to your nominated account by the Faster Payments Service. Immediate withdrawals are not permitted. 

ADDITIONAL INFORMATION

  • Available to teachers (including retired teachers) and other education professionals only
  • Daily interest
  • Interest paid annually on 5th April
  • This is not a Flexible ISA
  • This product may be withdrawn at any time and without notice
  • Transfers to this account are permitted (please note: this can be withdrawn at any time)
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