• Easy Saver

    Open online with just £1 and enjoy instant access through our ATM network with our optional ATM card.

    Reasons to choose Easy Saver 

    • A variable rate of interest of 0.45% Gross/AER - this rate includes a fixed introductory bonus of 0.40% for the first 12 months. After 12 months, the variable rate without bonus will apply, currently at 0.05% Gross/AER
    • You can easily transfer money instantly between your Easy Saver and TSB current account
    • Instant access whether you manage your account online, through Telephone Banking or in our branch network
    • Interest is paid annually


  • Rates and charges

    It's important that you understand how your account works.

    We've added information below about our interest rates and you can find all the documents relevant to this account in the Important information section.

    Easy Saver interest rates with bonus

    Amount saved Annual Interest
    Gross/AER% including bonus
    £1+ 0.45%

    These interest rates are correct as at 23/08/2016. Interest rates are variable. 

    Easy Saver interest rates without bonus

    Amount saved Annual Interest
    £1+ 0.05%

    These interest rates are correct as at 23/08/2016. Interest rates are variable.

    View previous rates

    More information

  • Key product information for our Easy Saver Account
    Interest rates (AERs)

    Variable interest. Fixed bonus paid for the first 12 months. Interest is paid yearly on anniversary of account opening. After the first 12 months the variable rate without bonus applies.

    For our latest interest rates go to tsb.co.uk/savings , call 03458 353 862 or drop into your local branch.

    Tax statusInterest is paid gross (without taking off tax). If you earn more interest than the Personal Savings Allowance, you may have to pay additional tax yourself. The Personal Savings Allowance is £1,000 for basic rate taxpayers and £500 for higher rate taxpayers. Additional rate taxpayers do not receive a Personal Savings Allowance.
    Conditions for bonus paymentNone.
    Withdrawal arrangementsNo notice period. Instant access with no loss of interest.
    AccessOnline, phone and in branch. Optional ATM card.



    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.


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

    Get more from your Easy Saver 

    • As an Easy Saver Account holder you can take advantage of the many TSB services that we have on offer to help you get the most from your money.
    • Save the Change ® - You can nominate your Easy Saver account for Save the Change ® and every time you make a purchase with your TSB Visa debit card, the amount you spend will be rounded up to the nearest pound. We'll then transfer the difference into your nominated TSB savings account the next working day.
    • Set up a standing order - saving regularly from your current account is the easy way to grow your savings.
    • Rename your account to suit you, such as holiday, rainy day or simply savings. All you need to do is click on your Easy Saver account in Internet Banking and change nickname. The name you choose will only appear in Internet Banking and not appear on your statements.
    • Transfer money instantly between your Easy Saver and TSB current account.
    • Turn off paper statements. Quickly find what you are looking for - search your statements instantly. Cut down on paperwork by stopping your postal statements.

    Your eligible deposits with TSB are protected up to a total of £75,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme.

    Your deposits with us are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.

    In respect of deposits, an eligible depositor is entitled to claim up to £75,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £75,000 each (making a total of £150,000). The £75,000 limit relates to the combined amount in all the eligible depositor's accounts with the bank including their share of any joint account, and not to each separate account.

    For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website or call the FSCS on 020 77 414 100 or 08006 781 100. Please note only compensation related queries should be directed to the FSCS.

    Accounts with TSB Bank plc include accounts in all its divisions and under trading name TSB and TSB Business. An eligible depositor's £75,000 limit relates to the combined amount in all accounts with TSB Bank plc.

    Please read the guide to protecting your money for further information.

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