Notice
FSCS Protected
(Max. £85,000)£500 - £85,000
50 days
Teachers Building Society was founded in 1966 to support teachers and other education professionals in making home ownership a reality and it’s been opening doors for teachers ever since. By providing a trusted home for savings it is able to reinvest in that social purpose. Today, Teachers Building Society offers a wide range of mortgage options to education professionals as well as a variety of competitive savings options which are available to all.
As a mutual organisation, Teachers Building Society is run solely for the benefit of their members, rather than shareholders. This means that instead of paying dividends to shareholders, they invest their profits back into the products and services they offer, keeping their mortgage and savings rates competitive. The FSCS protects deposits made into savings accounts offered by Teachers Building Society through our marketplace, and Teachers Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority.
The Financial Services Compensation Scheme (FSCS) is the United Kingdom's statutory deposit guarantee scheme that covers deposits in savings accounts up to £85,000 (£170,000 for joint accounts), per banking group regulated by the Financial Conduct Authority or the Prudential Regulation Authority. This means that if the bank fails, and deposits become unavailable, the scheme may cover your deposit account deposit up to £85,000 (£170,000 for joint accounts), per banking group. Compensation limits are per person per firm, not per deposit. Be aware that if you have other deposits with this bank (or banking group) then the protection applies only to eligible deposits up to this limit. For more information on FSCS protection, and eligibility, please see FSCS eligibility. Funds held under a trust model can take up to three months to be returned, but in most cases will be returned sooner than this.
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We're here to answer any questions you may have.
A Fixed Term Deposit, also known as a term deposit or fixed rate bond, is a type of savings account where you deposit a sum of money for a set period (the "term") and receive a fixed interest rate (or expected profit rate in the case of Shariah savings) for that duration.
A Notice account is a type of variable rate savings account that requires you to give advance notice before you can withdraw your money and allows you to top up freely. In exchange for this restriction, notice accounts typically offer higher interest rates than Easy Access accounts, but lower rates than Fixed Term Deposits.
An Easy Access account, also known as an instant access or no-notice account, is a variable rate type of savings account that allows you to deposit and withdraw money whenever you need to, with no penalties. These accounts offer flexibility and convenience for savers.
