Compare Savings Accounts

Looking for a savings account  but can't decide which is right for you? Our simple table allows you to compare all our savings accounts at a glance, to help you find the best account for you. Whether you're looking for instant access to your savings, a tax free cash ISA, a fixed rate of interest, or a savings account for the kids, our simple table can help you find the account for you.

Since 6 April 2016 you can also earn tax-free interest on money held in savings or current accounts. There's an overall limit to the total amount of tax-free interest you're allowed to earn on all your savings, across all the different providers and accounts you may have.

The Personal Savings Allowance is £1,000 for basic rate tax payers and £500 for higher rate tax payers. Additional rate tax payers do not receive a Personal Savings Allowance.

Simply click on the account name for more details of the account.

Compare ISAs

Account

Interest rate

Interest paid on balances over

Access

Interest Paid

Ways to manage your account

 

Cash ISA Saver

0.30% Tax free/AER (variable) which includes a fixed introductory bonus of 0.25% for 12 months from date of account opening. 

£1+

Instant

Yearly

  • Online
  • By Phone
  • In branch

More

2 Year Fixed Rate Cash ISA

0.60% Tax free/AER fixed

Interest is paid from £1 but the minimum opening balance is £3,000

Withdrawals allowed but incur a loss of interest charge 1

Yearly

  • Online
  • By Phone
  • In branch

More

Junior Cash ISA

3.00% Tax free/AER variable

 

£1+

 

Restricted, no withdrawals untill the child is 18

 

Yearly

 

  • In branch

More

  • Interest earned on your ISA does not count towards any Personal Savings Allowance that may apply to you.
  • Tax treatment depends on your individual circumstances and may change.
  • Tax-free is the contractual rate of interest payable where interest is exempt from income tax.
1 Charge equivalent to 180 days tax free interest on the amount withdrawn.

Compare instant access savings accounts

Account Interest rate (including any bonus) Interest paid on balances over Access Interest Paid Ways to manage your account  
eSavings

0.30% Gross/AER variable2

£1 Instant Yearly
  • Online
More

Easy Saver

0.25% Gross/AER variable3

£1 Instant Yearly
  • Online
  • By Phone
  • In branch
More

Monthly Saver

2.00% Gross/AER Fixed

£25

Instant - You can make withdrawals from the Account at any of our branches but you can only make payments from this Account to another TSB current or savings account in your name with us (or in the case of a joint account, in any of your names). 

Yearly

  • Online
  • By Phone
  • In branch
More
Interest rates quoted are for interest paid annually.
 
2 Including a fixed introductory twelve month bonus of 0.25%.
 
3 Including a fixed introductory twelve month bonus of 0.20%. 

Compare fixed term savings

Account Fixed term Interest rate Interest paid on balances over Access Interest Paid Ways to manage your account  

Fixed Bond

2 year

Up to 0.60% Gross/AER fixed (on a 2 year term)

£2,000

At maturity

Yearly or monthly

  • By phone
  • In branch
  • Online
More
 
Interest rates quoted are for interest paid annually.
Fixed bonds opened online only receive yearly interest.

Compare children's savings accounts

Account Interest rate Interest paid on balances over Access Interest Paid Ways to manage your account  

Young Saver

0.74 gross
0.75% AER variable

£1

Instant

Quarterly

  • In Branch
More

Junior Cash ISA

3.00% Tax free/AER variable

£1+

Restricted, no withdrawals until the child is 18

Yearly
  • In Branch
More
 
Interest earned on the child's ISA does not count towards any Personal Savings Allowance that may apply to the child. The tax treatment of each account depends on the child's individual circumstances and may change.

Got an ISA to transfer to us?

  • To transfer an existing ISA (excluding Lifetime ISA) to us, you need to complete our online ISA transfer form
  • Once we've received this, we'll ask your existing provider to transfer the money to us
  • We'll pay interest at your new rate from the day we receive your completed transfer application - provided your funds are free to move
  • If there is a delay in the transfer because your existing ISA has a notice period or restriction, your current provider will let us know when it will be free to move to us and we'll pay the interest from that date
  • Check with your current provider if there are any costs to transfer your cash ISA
  • Cash ISAs will take no more than 15 working days to transfer
  • Stocks and shares or innovative finance ISAs will take no more than 30 days to transfer. To transfer an innovative finance ISA you will need to pop into branch
  • Remember if you withdraw money from a previous ISA with another provider, you will need to replace the withdrawn money before you transfer it to us, otherwise you will no longer be able to repay that money in to your ISA, and it won't be tax-free 
 
ISA Transfer Form

AER

Annual Equivalent Rate. AER illustrates what your interest rate would be if interest was paid and compounded each year and allows 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

This means that credit interest is paid without income tax being deducted. 

Tax-free

This is the contractual rate of interest payable where interest is exempt from income tax.

 

Financial Services Compensation Scheme

FSCS
 
Visit fscs.org.uk to find out more
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