Make your money work as hard as you do.

Our Business Instant Access account offers 1% paid monthlyGross/AER interest (variable), paid monthly on Savings of £5,000 and over*. One of the best rates on the high street.


To open a Business Instant Access Account, please call 0345 835 3858.

Lines open 8am to 6pm Mon – Fri, 9am – 2pm Saturdays.


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Instant Access Account

Account name Business Instant Access
What is the interest rate? Interest rate on balances up to and including £4,999.99 0.15% Gross/AER
Interest rate on balances of £5,000 and over 1.00% 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 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.

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:

Initial deposit £1,000.00
Interest earned at 0.15% Gross/AER £1.50
Estimated balance after 12 months £1,001.50
This is an example only and doesn’t take into account your individual circumstances.
What would the estimated balance be after 12 months, based on a £6,000 deposit?

Based on a £6,000 deposit, with no withdrawals made from the account, and variable interest rates remaining the same:

Initial deposit £6,000.00
Interest earned at 1.00% Gross/AER £60.00
Estimated balance after 12 months £6,060.00
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
  • In Branch
  • Online
Who can open You must be:
  • 18 or over; and
  • A UK resident
Open with
  • £1 minimum opening balance
Manage your account
  • In branch
  • Over the phone
  • Online
Can I withdraw money? Withdrawals allowed

Yes, Instant access. Transaction and Daily limits apply

Notice period None  
Withdrawal charges No withdrawal penalties apply
How to withdraw

Transfer

Faster Payment

CHAPS
(Service charges may apply, please see Your Account Charges Explained document for more information.)

Additional information
  • 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 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.
Rates and information correct at 02/11/2018

*Instant access, interest is calculated daily and paid monthly. 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.


To open a Business Instant Access Account, please call 0345 835 3858.

Lines open 8am to 6pm Mon – Fri, 9am – 2pm Saturdays.

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Speak to a Relationship Manager on 0345 835 3858.

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