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Save Well Limited Access Account

If you’re not planning on making withdrawals, this savings account pays up to 3.68%/3.75% AER interest. If you need to make a withdrawal, you’ll earn 0.50% AER interest for that month.

What is it good for?

Earn up to 3.75% AER variable interest
Be rewarded for saving
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You'll earn 3.75% AER in months where you don't touch your money, and in months with withdrawals you'll get 0.49%/ 0.50% AER.

Instant access savings
Withdraw when you need to

You can withdraw your money whenever you need it, but you’ll earn less interest for that month.

Save how you want
No limits on your savings

Tuck your money away as and when you like. There are no limits how how much you can save each month.


Our Save Well Limited Access Account rewards you for not making withdrawals, but if you need to, it’s easy to access your money.

  • Earn 3.68%/ 3.75% Gross/AER for months that you don’t make a withdrawal
  • Earn 0.49%/ 0.50% Gross/AER variable for months where you take money out
  • This savings account has a 12 month term, with interest being paid monthly
  • Manage your account online, using the TSB Mobile Banking App, over the phone, or in branch
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Summary box

With this account there are two interest rates:

  • Earn 3.68%/ 3.75% Gross/AER (variable) for months where no withdrawals are made.
  • And 0.49%/ 0.50% Gross/AER (variable) for months where you take money out.

We’ll calculate your interest each day and pay it monthly on the 1st of each month. If you choose to have interest paid to a different account, interest will be paid on the first working day of the month.

At the end of the 12 month term the account will switch to an Easy Saver (excluding the bonus rate).

View previous rates

Yes. We can move the interest rate up or down at any time. Our Savings Account General Conditions explain when we'll do this.

If we increase the interest rate, we’ll make details of the rate change available in branch, on the phone and on our website, within 3 days of the change. If we decrease the interest rate, we’ll let you know personally 14 days in advance. You can close your account without charge within 30 days of the change, and at any other time. We may not do this if you have £100 or less in your account. Instead, we may tell you about it by making details of the change available in our branches, at and through Telephone Banking.

Based on a £1,000 deposit, with no deposits or withdrawals made from the account, and variable interest rates remaining the same:


Initial deposit


Year 1

Interest earned at 3.68%/ 3.75% Gross/AER (variable)


Estimated balance after 12 months


Based on a £1,000 deposit, with no further deposits, £10 withdrawn on the first day of months 1 and 2, and variable interest rates remaining the same. NB: The below projection allows for limited withdrawals only. If you anticipate making regular withdrawals during the account term, this may not be the most appropriate option to suit your needs.


Initial deposit


Year 1

Interest earned at 0.49%/ 0.50% Gross/AER (variable) for months 1 and 2 (withdrawals)


Interest earned at 3.68%/ 3.75% Gross/AER (variable) for months 3 to 12 (no withdrawals)


Total interest earned for the 12 months


Estimated balance after 12 months


These are examples only and do not take into account your individual circumstances.

You can open your account in branch or online. You’ll need to be 16 or older and a UK resident to open an account.

You can open a Save Well Limited Access Account with as little as £1, with no maximum limit on how much can be held in the account.

You can easily manage your account in branch, online, over the phone, or using our mobile app.

You can withdraw and replace money whenever you want, with no notice period. However, the interest you earn that month will be at a lower rate.

Yes, you can withdraw your money whenever you want with no notice period.

If you make a withdrawal during the term of your Save Well Limited Access Account, the interest rate applied to the balance for the whole calendar month in which your withdrawal is made, will be a lower rate of 0.49%/ 0.50% Gross/AER variable.

You can withdraw your money as:

  • Cash
  • Bankers draft
  • Transfer to a TSB current or savings account in your own name

(Fees may apply to some of these services, please see our Savings Account General Conditions for more information)

Accounts can be held in sole or joint names.

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.

If you aren’t happy with your account, you can cancel it within 30 days of opening without charge. If you choose to close your account after 30 days and before the end of the term, a lower interest rate will apply for that calendar month.

If you chose to close the account before the end of the term, interest will be paid to the day before account closure. The interest rate will be the lower rate that is normally applied to months in which a withdrawal is made.

Rates and information correct as at 08/02/2024.

Important information

How to apply

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If you prefer to apply in branch or through telephone banking, you can book an appointment in advance.

Our instant access accounts

Monthly Saver

  • 6.00% Gross/AER fixed for 12 months
  • Instant access to your money with interest paid on maturity
  • Save between £25 and £250 each month

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Savings Pots

  • Open up to 5 savings pots with a maximum balance of £5,000 per pot £1
  • 2.89% Gross/ 2.92% AER
  • Exclusively available to Spend & Save and Spend & Save Plus customer

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  • 1.50% Gross/AER variable
  • Includes a fixed introductory bonus of 0.10% for the first 12 months
  • Interest paid on balances over £1

Easy Saver

  • 1.50% Gross/AER variable
  • Includes a fixed introductory bonus of 0.10% for the first 12 months
  • Interest paid yearly

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. 

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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.