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Union Home Saver

0.60%

Benefits to you

  • Designed to help you save for a mortgage, our Union Home Saver is available exclusively to members of the National Education Union and offers £600 cashback if you take out a mortgage with Teachers Building Society (*terms and conditions apply). 
  • Competitive interest rate of 0.60% gross/AER
  • Low minimum investment of £100
  • Add money to your account at any time up to a total maximum investment of £25,000 (£50,000 if a joint account).
  • Unlimited withdrawals subject to 35 days' notice (immediate withdrawals are permitted if the funds are to be used towards a mortgage with Teachers Building Society)

SUMMARY BOX

ACCOUNT NAME

Union Home Saver

WHAT IS THE INTEREST RATE?

Gross/AER: 0.60% 

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 £1,006.00. 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
  • This product may be withdrawn at any time and without notice
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Please click here to see the interest rates payable on our closed savings accounts.

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