• Cash ISA Saver

    Cash ISAs allow you to save interest tax-free. Your ISA allowance for the tax year ending 5 April 2018 is £20,000.

    Tax-free means the interest rate paid will be free from UK Income Tax. The advantages of which depends on your individual circumstances and the tax treatment of your ISA may change in the future.


    • Instant access to your money
    • Make withdrawals from as little as £1 at a time and replace it later in the same tax year, without losing any of your tax-free entitlement. No withdrawal charge.
    • Pay money in as often as you like (up to the yearly allowance)
    • Receive favourable tax treatment for ISAs depending on your individual circumstances
    • Interest rate includes a fixed bonus for 12 months from account opening

  • Summary box

    Account name Cash ISA Saver
     What is the interest rate?
    Interest rate with bonus
    (includes a fixed bonus of 0.25% for the first 12 months)
    0.30% AER/Tax Free (variable)
    Interest rate without bonus (applicable after 12 months) 0.05% AER/Tax Free (variable)
    You'll earn interest on balances of £1 or more. Interest is calculated each day and paid once a year on the 31st March.   
    Can TSB change the interest rate?

    Yes. We can move the interest rate up or 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, on the phone and on our website, within 3 days of the change. If we decrease the interest rate, we'll let you know personally and give you at least 14 days' notice.

    What would the estimated balance be after 12 & 24 months based on a £1,000 deposit?

    Based on a £1,000 deposit, with no withdrawals made from the account, and variable interest rates remaining the same:

    Initial deposit
    Year 1

    Interest earned at 0.30% AER/Tax Free (variable)
    (includes a bonus of 0.25% for the first 12 months)

    Estimated balance after 12 months

    Year 2

    Interest earned at 0.05% AER/Tax Free (variable)
    Estimated balance after 24 months
    This is an example only and doesn't take into account your individual circumstances.
    How do I open and manage my account? Ways to open
    • In branch
    • Online
    Who can open You must be:
    • 16 or over; and
    • A UK resident 
    Open with
    • £1 minimum opening balance
    • Maximum subject to the annual ISA allowance (£20,000 for 2017/2018), plus transfers in from other existing ISA's.
    Manage your account
    • In branch
    • Over the phone
    • Online
    • Mobile app
    Can I withdraw money? Withdrawals allowed


    You can withdraw and replace money from your cash ISA without it counting towards your annual ISA allowance for that year, as long as the repayment is made in the same tax year as the withdrawal.

    Notice period
    Withdrawal charges No withdrawal penalties apply
    How to withdraw
    • Cash
    • Bankers draft
    • Funds transfer

    (Service chargees may apply, see our Banking Charges guide for more information)

    Additional information
    • Accounts can only be opened in a sole name and you can only pay into one cash ISA in each tax year
    • Opening a cash ISA will limit the amount that can be invested in a stocks and shares or innovative finance ISA. To find out more about this, speak to our staff in your local branch or call us
    • The tax advantages depend on your individual circumstances and the tax treatment of your ISA may change in the future.

    Rates and information correct as at 04/05/17.

    AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

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

    View previous rates

    More information

  • Your eligible deposits with TSB are protected up to a total of £85,000 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 £85,000. 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 £85,000 each (making a total of £170,000). The £85,000 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 £85,000 limit relates to the combined amount in all accounts with TSB Bank plc.

    Please read How FSCS protects your money for further information.



  • Apply online

    If you're registered for Internet Banking you can open a new account in a few minutes.

  • Apply in branch

    Visit your local branch with proof of identity and your address and we'll open the account for you.

  • Not registered for Internet Banking?

    If you're not registered for Internet Banking you can still apply online today.



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