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If you've got a TSB current account, you can open an eSavings account online in moments with just £1 and enjoy easy access through Internet Banking.

Save how you want

Effortlessly move money between your eSavings and TSB current account.

Instant access

Take your money out or put more in a way that works for you.

Easy to manage

Manage your account using Internet Banking or by downloading our app.

eSavings Account interest rates

Interest rates are variable, depending on how much money is in your account at the end of each day. After 12 months, the variable interest rate without bonus will apply.

The interest rates for eSavings are:

Account Balance

Variable annual interest with 12 month bonus

Gross/AER % 

Variable annual interest without 12 month bonus

Gross/AER %













  • After 12 months the variable interest rate without bonus will apply

To open this account you must be;

  • 16 or over, and
  • A UK resident, and
  • A TSB current account holder
  • Interest is paid annually on anniversary of account opening
  • Instant transfers between your eSavings Account and TSB current account
  • Manage your Savings account online with our mobile app and Internet Banking

View previous rates

Open an eSavings account

Existing Customers

It’s quick and easy to open an account online

You’ll need to be 16 or over and a UK resident

Open an eSavings account

New to TSB?

If you're a new TSB customer, you'll first need to open a TSB Personal Current Account.

Financial Services Compensation Scheme

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. 

FSCS logo

Important Information

*Variable means the interest rate on your savings can change. The rate can go up and down. If it goes up, you earn more interest. If it goes down, you’ll earn less interest, but we’ll tell you before this happens. If you’d like to know more about what might happen to our variable interest rates when the Bank of England changes the Base Rate, head over to our Popular Questions page at

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.