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Monthly Saver

The Monthly Saver account is for TSB current account customers who want to save regularly with a great rate but still have instant access to their money.

Earn up to 6.00% Gross/AER

The Monthly Saver pays 6.00% Gross/AER, fixed for a year.

Save regularly

Use a standing order to save from £25 to £250 each month.

Instant access

Withdraw your money without any fees or charges.

Monthly Saver account interest rates

  • The Monthly Saver pays 6.00% Gross/AER, fixed for a year
  • Interest is calculated at the end of each day and paid annually
  • At the end of the term, your account will convert to an Easy Saver account with a fixed bonus for 12 months. We’ll let you know before this happens.

Open a Monthly Saver

To apply, you’ll need:

A TSB current account

A TSB current account

To be 16 or over

To be 16 or over

And be a UK resident

And be a UK resident

Open a Monthly Saver

New to TSB?

You’ll need a TSB current account before you can open a Monthly Saver. To do this you’ll need to:

Pick the account you want

Pick the account you want

Log into Internet Banking or the app

Log into Internet Banking or the app

Open a Monthly Saver

Open a Monthly Saver

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If you prefer to apply in branch or through telephone banking, you can book an appointment in advance.

Please note: If you close your Monthly Saver before the end of the 12-month term, you’ll need to wait one year from the date that this account was opened before you can open another.

Any questions?

To save into your Monthly Saver, you’ll need to set up a standing order. This can be anything from £25 to £250 each month, and you’ll need to make your first payment within 30 days of opening your account.

You can create a standing order when you apply. There will be a button that says 'Set up a Standing Order from a TSB account' which will guide you through the process. You can also create an external transfer from a TSB account using the 'Pay a person or company' tab on the 'Set up a Standing Order' page in your online banking.

Yes. You can take out your money whenever you want without any fees or charges.

Your money’s protected

The Financial Services Compensation Scheme (FSCS) protects up to £85,000 of your eligible money at TSB. For more information, please visit the FSCS website.

Important Information

The Annual Equivalent Rate (AER) shows what the interest would be if the interest was paid and added to the account once each year. It lets you compare savings accounts easily. Gross rate means that credit interest is paid without income tax being deducted. Tax-free is the contractual rate of interest payable where interest is exempt from income tax.