A guide to the penny saving challenge
Saving money doesn't have to start with big, intimidating numbers. The penny saving challenge is proof of that. It's a simple way to grow your savings without feeling the pinch.
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Fancy a fun-packed holiday to a European destination on priceless.com? Apply, opt in and make eligible transactions using a TSB credit card from 1 April - 31 Aug 26.
24.9% APR Representative (variable). Subject to approval. 18+ UK resident. T&Cs apply.
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Bank of England: On 19 March 2026, the Bank of England announced no change to its base rate. Base rate remained at 3.75%. Find out more.
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Published February 2026
As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,000 customers of each of the 17 largest personal current account providers if they would recommend their provider to friends and family. The results represent the view of customers who took part in the survey.
We asked customers how likely they would be to recommend their personal current account provider to friends and family.
Ranking
Authorised push payment (APP) scams happen when someone is tricked into transferring money to a fraudster’s bank account. Information about TSB’s performance prior to the introduction of the reimbursement requirement in October 2024 can be found in PSR’s latest APP Scams Performance Report published in February 2026.
We're covered by the Financial Services Compensation Scheme (FSCS). This means that any money you hold in a TSB account is protected up to a limit of £120,000 - so you won't lose out.
Never transfer money to, or share passwords with, someone you don’t trust. This includes people online you’ve never met, too-good-to-be-true investments, and companies asking you to transfer funds directly to them.
Important information
* 18+ & UK resident. A lower interest rate is applied to the balance for the whole calendar month in which your withdrawal is made. Tax-free is the contractual rate of interest payable where interest is exempt from income tax. Tax treatment depends on your individual circumstances and may change. 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. Rates and information correct at 6 April.
** Eligibility applies. Subject to application and approval.
The representative APR is the Annual Percentage Rate of charge. You can use it to compare the overall cost of credit between different lenders.