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Save the Pennies

Saving so easy, you’ll forget you’re doing it.

We round up every debit card payment you make to the nearest £1 and put the pennies into your savings.

How does it work?

Save the Pennies is a tool that automatically saves a little bit each time you spend.

So, for example, if you buy something on your debit card that cost £4.60 – we’ll round that payment up to £5.00 and put 40p into your savings.

All those spare pennies can build up in your Savings Pot (or another eligible TSB savings account you’ve set up) and could help you to reach your savings goals a little quicker.

You can set up Save the Pennies in the app, through Internet Banking, or by popping into branch.

How do I register?

If you already have a Spend & Save or Spend & Save Plus, you can set up Save the Pennies in the app or through Internet Banking. Here’s how:

In the App

Select the ‘Menu’ on the top left of your screen, then choose ‘Our Products’. Find ‘Save the Pennies’ and then follow the on-screen instructions to set it up.

With Internet Banking

Go to ‘Your accounts’ and look for ‘Your account tools’.  There, you’ll be able to see ‘Save the Pennies’, select this and follow the on-screen instructions.

In branch

If you'd rather, we can help you set up Save the Pennies when you visit us in branch.

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.