Is it safe? / Teachers BS
Is Teachers BS safe?
Yes — Teachers BS is FSCS-protected. Deposits up to £120,000 per person (£240,000 for joint accounts) are covered under the Teachers Building Society banking licence (Teachers Building Society (mutual)).
Protection
FSCS to £120,000
Licence holder
Teachers Building Society
Parent company
Teachers Building Society (mutual)
Teachers BS's current savings rates
- Bonus Savings Account for Teachers (Issue 1)4.55% AER
- Bonus Savings Account for Everyone (Issue 1)4.5% AER
From the daily rates scrape. Compare every provider →
Worth knowing
FSCS also covers temporary high balances (house sale, inheritance) up to £1.4m for six months (raised December 2025). Compensation is automatic if a firm fails — typically paid within seven days.