Convenience of daily, weekly or monthly statements
Normally no transaction charges
From 1 December the interest rate will increase to 0.10%.
Clients’ Call Account
What is the interest rate?
Interest rate 0.05% Gross/AER
You'll earn interest on balances of £1 or more. Interest is calculated each day and paid monthly.
Can TSB change the interest rate?
Yes. We can move the interest rate up and 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 changes. If we decrease the interest rate, we'll let you know personally and give you at least 2 months' notice.
What would the estimated balance be after 12 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:
Interest earned at 0.05% Gross/AER
Estimated balance after 12 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
Over the phone
Who can open
You must be:
18 or over; and
A UK resident
£1 minimum opening balance
Manage your account
Over the phone
Can I withdraw money?
Yes, instant access
No withdrawal penalties apply
How to withdraw
To a TSB Business Current Account in the business name
Accounts can only be opened in the business name
Interest is paid gross (without taking off tax)
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 do not receive a Personal Savings Allowance
Rates and information correct as at 04/09/16.
AER stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allow 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.
Before you apply
To apply for a Clients' Call Account from TSB you will need to confirm the following: