Our Designated Clients' Account is suitable for any professional practice or other business that is entitled to hold clients' money.
Yes. We can move the interest rate up and down at any time. Our Terms and Conditions explain when we'll do this.
If we increase the interest rate, we'll make details of the rate change available in branch, and on our website, within 3 days of the changes. If we decrease the interest rate, we'll let you know personally and give you at least 2 months' notice.
Based on a £1,000 deposit, with no withdrawals made from the account, and variable interest rates remaining the same:
Yes, instant access
To a TSB Business Current Account in the business name
Rates and information correct as at 04/09/16.
AER stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allow you to easily compare different savings accounts. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
Gross rate means that credit interest is paid without income tax being deducted.
If we increase the interest rate, we'll make details of the rate change available in branch, on the phone and on our website, within 3 days of the changes. If we decrease the interest rate, we'll let you know personally and give you at least 2 months' notice.
Yes, instant access
To another TSB Business Current Account in the business name
To apply for a Designated Clients' Account from TSB you will need to confirm the following:
Visit fscs.org.uk to find out more
Apply at a branch
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0345 835 3858
Please find key documents and further information on our legal page.
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