Easy Access

Teachers Building Society Double Access Savings for Teachers Review

A competitive easy access account from Teachers Building Society. It ranks 73rd of 194 easy access accounts we track.

Variable rate

3.55%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£100

Max balance

£100,000

Access

Limited withdrawals

Interest paid

Yearly

Rate Tiers

Up to 2 withdrawals per year

3.55%AER

Standard rate when no more than 2 withdrawals made in a calendar year

Over 2 withdrawals per year

1.25%AER

Rate drops to Extra Ordinary Account rate for remainder of that calendar year

How It Stacks Up

Ranks 73rd of 194

Easy access accounts we track

Above average
This account 3.55%
UK CPI (Aug 2026)
3.10%
Pays 0.45% more
Average easy access
2.86%
Pays 0.69% more
Best easy access
5.50%
Pays 1.95% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

A better-paying alternative

Tembo bank logo

Tembo

HomeSaver

4.55%

AER

  • Pays 1.00% more than this Teachers Building Society account
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Pros and cons

  • Pro: New and existing savers
  • Con: The rate is variable, so it can go down

Good to Know

Up to 2 penalty-free withdrawals permitted per calendar year.

Please verify all details with the provider – see our Disclaimer

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Estimated returns with Teachers Building Society's Easy Access

What you could earn with Teachers Building Society's Double Access Savings for Teachers.

Estimated interest

£1,000 saved

£35.50

At 3.55% AER

£5,000 saved

£178

At 3.55% AER

£10,000 saved

£355

At 3.55% AER

£100,000 saved

£3,550

At 3.55% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Teachers Building Society Double Access Savings for Teachers

Jonny PeaseCo-Founder, DepositScout

This account is aimed squarely at teachers, so it rules itself out for most savers from the start. The 3.55% rate sits 1.45% below the easy access market leader at 5.00%, which puts it below the market average, though it does edge 0.45% above CPI inflation of 3.1%. The real catch is the withdrawal limit: make more than two withdrawals in a calendar year and the rate collapses to 1.25% for the rest of that year, so if you think you might dip in regularly, Kent Reliance's Easy Access Savings Account at 3.75% is worth a look instead.

Compare Easy Access Accounts

2 alternatives to Teachers Building Society's Double Access Savings for Teachers

Same type of account, closest on rate.

Common questions about the Double Access Savings for Teachers

D

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4.20% AER
4.75%
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