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Savings accounts

Whatever type of saver you are, we can help.

Earn up to 6.00% gross/AER for 12 months in a Monthly Saver

We have a range of different savings interest rates and options to suit you.

It’s easy to open an account

Our Money Confidence Experts are here to help you save in a way that suits you.

Earn 2.89% Gross / 2.92% AER variable with our Savings Pots

Put money aside in up to 5 individual Savings Pots. Maximum balance of £5,000 per Pot and £25,000 per account

Our savings accounts


Cash ISA

A tax-free way to save

  • A popular choice for first time savers.
  • Up to 4.40% Tax Free / 4.50% AER (fixed) interest rate (for a 18 Month Fixed Rate Cash ISA).
  • Ideal for either short term or longer-term savings needs.

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Instant Access Savings

Your money is available instantly

  • Ideal for if you need to dip into your savings.
  • Up to 6.00% gross/AER fixed for 12 months (for a Monthly Saver).
  • Save in a way that suits your lifestyle.

Fixed Bonds

Put your money away for a set period

  • Suitable for longer term savings.
  • Up to 4.60% gross/AER fixed (for a 1 Year Fixed Rate Bond).
  • Receive a guaranteed rate of interest.

Saving for Children

Accounts for children aged under 18

  • Save for your children's future.
  • Up to 3.65% tax free/AER variable (for a Junior Cash ISA).
  • Encourage children to start to saving from a young age.

Savings guides

Piggy bank

ISAs in a nutshell

Find out what ISAs are, what makes them tax-efficient, who can open one, plus more.

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Types of savings accounts

Do you know your ISAs from your JISAs? Or perhaps you want to know what an instant access account or fixed bond accounts are.

Is your savings rate ending soon?

If you have a Fixed Rate Cash ISA or Fixed Bond savings account that’s coming to an end, then there are a few options that you can pick from.

Any questions?

The ‘Base Rate’ is set by the Bank of England and is the interest rate that it charges on money lent to banks and building societies.  They review it regularly and it can go up or down. 

Whether your interest rate could be affected by a change to the Base Rate will depend on what type of savings account you have – fixed rate or variable rate.

Fixed rate accounts won’t be affected – your interest rate won’t change. 

Variable rate accounts could be affected – your interest rate might change.  That’s because we review the interest rates we offer on variable rate accounts regularly and the Base Rate is one of a number of things that we’ll take into account.  So if the Base Rate changes, we could decide to change our savings rates.  If we decide to lower your rate, we’ll tell you before this happens.

Please visit our savings rates page.

An ISA (Individual Savings Account) is a tax efficient way to save or invest. Unlike other savings accounts you don’t pay tax on money held in an ISA, regardless of your balance or how much income tax you pay.

Tax free means the interest paid will be free from UK Income Tax. The tax advantages depend on your individual circumstances and the tax treatment of your ISA may change in the future.

Since 6 April 2016, you have a Personal Savings Allowance, which means your interest is paid gross (without taking off tax).

The Personal Savings Allowance is £1,000 for basic rate tax payers and £500 for higher rate tax payers. Additional rate tax payers do not receive a Personal Savings Allowance.

If you earn more interest than the Personal Savings Allowance, you may have to pay additional tax yourself.

If your savings account can be held in joint names, you can add additional parties at your nearest branch. You'll both need to go into a branch so that you can provide proof of identity and address in person.

You can remove a joint account holder from a savings account by visiting us in branch or by booking a video call. Please bring along your account details and proof of identity.

Please visit our helpful information page to find out what you need to open an account.

View our guidance on how to top up an existing TSB Cash ISA.

Please visit our close an account page.

Please visit our Save the Pennies page.

Please visit our inactive accounts page.

Please visit our compare accounts page.

If your savings account can be held in joint names, you can add additional parties at your nearest branch. You'll both need to go into a branch so that you can provide proof of identity and address in person. Visit our branch locator to find your local branch.


Your money's protected

The Financial Services Compensation Scheme (FSCS) protects up to £85,000 of your eligible money at TSB. For more information, please visit the FSCS website. 

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Use the TSB Mobile Banking App to get help with queries 24/7.

Give us a call

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Visit us in branch

It’s easy for you to pop in and manage your finances.

Important Information

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. Gross rate means that credit interest is paid without income tax being deducted. Tax-free is the contractual rate of interest payable where interest is exempt from income tax.