You can take advantage of the great rate on our Business Instant Access savings account even if you don’t bank with TSB. If you have a balance of £5,000 or more, you’ll get 1% Gross/AER* (variable) interest, paid monthly. That’s one of the best rates on the high street.^
^Compared with the RBS Business Reserve account, HSBC Business Money Manager account, Barclays Business Premium account, Lloyds Business Banking Instant Access account and Santander Business Everyday Saver account.
Why take out a business savings account with TSB?
One of the best rates on the high street – with a balance of £5,000 or more, you'll get 1% Gross/AER (variable) interest, paid monthly
You don’t have to already bank with TSB to take advantage of our great rates for Business Banking
Bank online 24/7 with our Internet Banking website
Open or manage your account online or in branch
Have a question? Speak directly to one of our relationship managers over the phone
Covered by the Financial Services Compensation Scheme (FSCS)
Don’t currently bank with TSB?
You don’t have to bank with us to take advantage of the great rate on our Business Instant Access account, and you can apply online.
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 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 2 months’ notice.
If you earn more interest than the Personal Savings Allowance, you may have to pay extra tax yourself
The Personal Savings Allowance is £1,000 for basic rate taxpayers and £500 for higher rate taxpayers. Additional rate taxpayers don’t receive a Personal Savings Allowance
AER stands for Annual Equivalent Rate. It 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 means that credit interest is paid without income tax being deducted
UK-based businesses only
Rates and information correct at 02/11/2018
Financial Services Compensation Scheme
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 £85,000.
We aren’t opening additional Clients’ Call or Designated Client accounts at this time. If you have an existing account and require any support please contact us on 0345 835 3858. Lines are open 8am to 6pm Monday to Friday and 9am to 2pm on Saturday
*Gross rate is the contractual rate of interest payable before income tax is taken off. AER stands for Annual Equivalent Rate, which shows what the interest rate would be if interest was paid and compounded once each year. Offer available for new and existing Business Current Account customers.