Savings for organisations
You might be wondering why a building society for ‘teachers’ offers savings accounts to businesses and charitable organisations. It’s actually pretty simple. Like all building societies, Teachers Building Society uses the collective deposits of all its savers to support mortgage lending. But unlike other mutuals, when your organisation saves with us, it is directly supporting us in funding more low deposit mortgages to teachers so they can buy a first home. We think that’s something any organisation can be proud of.
Our business savings accounts are available to:
- Registered charities and community fundraising associations
- Educational community groups including NEU associations and pre-schools
- Limited Companies,
- LLPs
- PLCs
Types of savings accounts
Our corporate and charitable organisation savings accounts include:
- Easy access accounts (where you can withdraw your savings at any point)
- Notice accounts (where you need to let us know in advance if you’d like to make a withdrawal).
Easy access savings accounts
|
Interest rate % |
Product name |
Min opening balance |
Withdrawal options | Save up to (Max) | |
|---|---|---|---|---|---|
| 2.20% | Education community easy saver (issue 1) | £1,000 | Easy access | £500,000 | Details |
| 2.10% | Charity & community easy saver (issue 1) | £1,000 | Easy access | £500,000 | Details |
| 2.00% | Business easy saver (issue 1) | £1,000 | Easy access | £500,000 | Details |
FSCS protection for your savings
The Financial Services Compensation Scheme (FSCS) is a free, independent service that protects up to £85,000 of your eligible deposits at Teachers Building Society.
