18 June 2019

TSB announces changes to savings rates

With effect from 10 September, TSB will be making changes to its interest rates for some variable rate Cash ISAs and variable rate savings accounts.

Full changes below:

Instant access accounts Current Rate (AER) New Rate (AER)
  With bonus Without bonus With bonus Without bonus
Easy Saver 0.50% 0.30% 0.35% 0.15%
eSavings 0.55% 0.30% 0.40% 0.15%
 
Cash ISAs Current Rate (AER) New Rate (AER)
  With bonus Without bonus With bonus Without bonus
Cash ISA Saver 0.60% 0.30% 0.45% 0.15%
 
Accounts no longer on sale
Advantage Saver N/A 0.30% N/A 0.15%
Flexible Savings N/A 0.30% N/A 0.15%
Passbook Saver N/A 0.30% N/A 0.15%
Matured Funds N/A 0.30% N/A 0.15%
Cash ISA Branch N/A 0.30% N/A 0.15%
 
Children's Savings Balance Current Rate (AER) New Rate (AER)
Young Saver £1 - £20,000 1.25% 1.25%
  £20,000+ 0.30% 0.15%
Young Saver Passbook £1 - £20,000 1.25% 1.25%
  £20,000+ 0.30% 0.15%
 

Craig Bundell Director of Savings at TSB, said: “As part of our regular review of savings interest rates and the market, we are reducing rates on our variable savings accounts. We’re informing customers of our new rates and helping them find the most appropriate account for their needs.”

The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions. ‚Äč

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