Find out more about our 1 year bond offering an attractive fixed rate of interest.
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Fixed Rate Bond (1 Year)

Benefits to you

  • Competitive rate of 1.​45% gross/AER, fixed for ​1 year
  • Low minimum investment of £500 (£10,000 for monthly interest)
  • We will write to you prior to maturity with the options that are available

SUMMARY BOX

ACCOUNT NAME

Fixed Rate Bond (Issue 244)

WHAT IS THE INTEREST RATE?

​​Annual Gross Interest: 1.45%      AER: ​1.45%      Net: N/A     Bonus: N/A
Monthly Gross Interest: ​1.4​4%      AER: 1.45%      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 £1,014.50. For compound monthly interest, the estimated balance after 12 months based on a £1,000 deposit would be £1,014.49. These amounts are 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 £500 (£10,000 for monthly interest) with a maximum investment of £250,000. Please note: a cooling off period is not available for this type of account. 

CAN I WITHDRAW MY MONEY?

Withdrawals cannot be made during the fixed rate period and therefore 'Clause 8' of the ​Savings Account General Terms and Conditions only applies on maturity. 

ADDITIONAL INFORMATION

  • This ​​bond matures at midnight ​25th September 2019
  • Interest on this bond will be added annually on 2​​5th September. 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
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The security of your personal data is our priority, and our Privacy Notice explains how we use and store your information. Please click here to read our Privacy Notice prior to submitting an application form.

You must also be sure that you have read and understood how the account works and that it will suit your requirements. All terms and conditions can be found on our Savings Terms and Conditions page.

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