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Fixed Rate ISA (Issue 55)

Benefits to you

  • Competitive rate of 1.75% tax-free/AER, fixed until 16th July 2024
  • Save from £1,000 up to £250,000
  • We will write to you prior to maturity with the options that are available
  • Please note this product can be withdrawn without notice.

SUMMARY BOX

ACCOUNT NAME

Fixed Rate ISA (Issue 55)

WHAT IS THE INTEREST RATE?

Tax-Free/AER: 1.75%

CAN TEACHERS BUILDING SOCIETY CHANGE THE INTEREST RATE?

The interest rate for this account is fixed until 16th July 2024, meaning that it cannot be changed during the fixed rate period

WHAT WOULD THE ESTIMATED BALANCE BE AT THE END OF THE FIXED RATE PERIOD?

The estimated balance at the end of the fixed rate period based on a £1,000 deposit would be £1,040.02. This amount is based on the assumption that all terms and conditions for the account are met.

We have worked this out assuming a £1,000 deposit is made on the first day the bond is available, interest earned is added to the account and no further deposits or withdrawals are made throughout the fixed term. This projection is provided for illustrative purposes only and does not take into account your individual circumstances.

HOW DO I OPEN AND MANAGE MY ACCOUNT?

Opening your account

  • The minimum opening balance for this account is £1,000 with a maximum investment of £250,000
  • This account can be managed online or by post.

Managing your account

  • This account can be operated online or by phone
  • To access our 'MyAccounts' online service please visit www.teachersbs.co.uk/my-accounts and follow the registration process

 

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 16th July 2024
  • Daily Interest
  • Interest paid annually on 16th July. 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 180 day penalty interest charge (no partial withdrawals permitted)
  • Transfers to this account (both from TBS internal and external providers) are permitted. Please note: this can be withdrawn at any time
  • This is not a flexible ISA
  • No withdrawals
APPLY ONLINE REQUEST APPLICATION PACK
protecting-your-money

 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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