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Union Home Saver

​1.05% gross/AER

Designed to help you save for a mortgage, our Union Home Saver account is available exclusively to members of the National Education Union (NEU) and offers £600 cashback if you take out a mortgage with Teachers Building Society (*terms and conditions apply). 

  • One attractive variable interest rate, currently 1.05% gross/AER
  • Add money to your account at any time up to a maximum of £6,000 per year (or £12,000 if a joint account)
  • £600 cashback if you take out a mortgage with Teachers Building Society (*terms and conditions apply).
  • Withdrawals can be requested at any time online by giving ​35 days' written notice by post to the Society. Immediate withdrawals are permitted if the funds are to be used towards a mortgage with Teachers Building Society. 
  • Withdrawals will be transferred to the investor's nominated bank account by the Faster Payments Service
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    Union Home Saver: Summary Box

    • Account Name

    • What is the interest rate?

    • Can Teachers Building Society change the interest rate?

    • What would the estimated balance be after 12 months based on a £​1,000 deposit?

    • How do I open and manage my account?

    • Can I withdraw my money?

    • Additional Information

    *Union Home Saver Cashback Terms & Conditions

    The £600 cashback is payable following completion of a Teachers Building Society mortgage (£500 cashback with the Union Home Saver and an additional £100 cashback based on NEU membership at the time of completion). Teachers Building Society cannot guarantee that Union Home Saver account holders will be eligible for a mortgage. Each mortgage application is assessed individually and must meet our lending criteria at the time of applicationThe Union Home Saver account must have a minimum balance of £1,000 at the time of mortgage completion and must have held this minimum balance for a period of at least 12 months. The mortgage application cannot be submitted via a mortgage intermediary. The £500 cashback with the Union Home Saver will be sent directly to your nominated bank account upon completion of the mortgage. The additional £100 cashback based on NEU membership will be sent to your solicitor with the mortgage funds.


    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.

    Download the Union Home Saver Application Form.

    Complete and sign the form and post it to:

    FREEPOST, Teachers Building Society, Allenview House, Hanham Road, Wimborne, Dorset BH21 1BR


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