Teachers Building Society was founded 1966, specialising in mortgages for teachers and education professionals and offers savings accounts to all in England and Wales.
Topics
Cash ISA
The Teachers Building Society Cash ISA is a savings account where all of the interest earned is tax free and doesn’t form part of your Personal Savings Allowance. Withdrawals can be made at any time, free of charge. The ISA allowance for the 2020/2021 tax year is £20,000. The minimum deposit for this account is £100, up to a maximum allocation of £20,000. This product has an interest rate of 0.40% tax-free/AER. Additions can be made at any time and transfers in from other providers are accepted.
Cash ISA Notice 90
The Teachers Building Society Cash ISA Notice 90 has a higher variable interest rate of 0.70% tax-free/AER. You may make unlimited withdrawals from this account, subject to 90 days’ notice. The minimum deposit for this account is £100, up to a maximum allocation of £20,000.
Education ISA
The Teachers Building Society Education ISA is available exclusively to teachers and other education professionals. It has a high interest rate of 1.00% tax-free/AER. You may make unlimited withdrawals from this account, subject to 90 days’ notice. The minimum deposit for this account is £100, up to a maximum allocation of £20,000. Transfers in from other providers accepted.
Teachers for Teachers Easy Access ISA
The Teachers for Teachers Easy Access ISA is a straightforward account exclusive to the education community allowing for easy withdrawals. It has an interest rate of 0.60% tax-free/AER. You may make unlimited withdrawals from this account. The minimum deposit for this account is £100, up to a maximum allocation of £20,000. Transfers in from other providers accepted.
Other Services
Teachers Building Society offer a range of related financial services including savings accounts, pensions, bonds, mortgages and more.
Teachers Building Society Reviews and Ratings
Online reviews for Teachers Building Society are excellent with users praising the efficient, patient, knowledgeable and helpful staff, the good communication and regular updates offered throughout the process, as well as the competitive rates given against the wider market.
Facebook – 4.9/5 (based on 27 reviews)
Pros
- Founded 1966, reputable and well-established
- A range of Cash ISAs to pick from
- Bespoke ISAs available for teachers and the education community
- Transfers in from other providers accepted
- Recommend-a-Friend for a £100 gift card
- £250 quarterly members’ prize draw
- Clear, easy to understand information on website
- Excellent customer feedback
Cons
- Services are only for teachers and education professionals
- Focus on Cash ISA products only
- Stocks and Shares, Lifetime ISAs or other ISA products not offered
- A minimum investment of £100 is required
- Facebook reviews only; no Trust Pilot recommendations
Website: Teachers Building Society