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Compare Savings Accounts

Fixed Rate Cash ISA (Issue 43)

Benefits to you

  • Competitive rate of 1.​​40% tax-free/AER, fixed until 25th February 2020
  • ​Minimum investment of £​1,000
  • We will write to you prior to maturity with the options that are available

SUMMARY BOX

ACCOUNT NAME

Fixed Rate ISA (Issue 43)

WHAT IS THE INTEREST RATE?

​​Annual Tax-Free Interest: 1.​40%      AER: ​1.​40%      Net: N/A     Bonus: N/A

CAN TEACHERS BUILDING SOCIETY CHANGE THE INTEREST RATE?

The interest rate for this account is ​fixed, meaning that it cannot be changed during the fixed rate period.

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 via post and online. The minimum opening balance for this account is £1,000 with a maximum investment of £250,000.

CAN I WITHDRAW MY MONEY?

Withdrawals cannot be made during the fixed rate period and therefore ‘Clause 9’ of the ISA General Terms and Conditions only applies on maturity.

ADDITIONAL INFORMATION

  • This ISA matures at midnight on ​25th February 2020
  • Daily Interest Interest paid annually on 25th February. Alternatively, interest can be paid direct to a bank account or transferred to another account with the Society
  • The Society will write to you prior to maturity with the options that are available. You will, of course, have the opportunity to withdraw or transfer to one of the Society’s other savings accounts at that time without charge
  • Early closure allowed subject to a 90 day penalty interest charge (no partial withdrawals permitted)
  • Transfers to this account are permitted (please note: this can be withdrawn at any time)
  • This is not a flexible ISA
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