TSB savings accounts

TSB offers a broad range of savings accounts with interest rates up to 6%.

4.1 ★★★★★ (23 reviews) Write a review
TSB

TSB is one of the oldest and biggest names in British banking. With 175 branches across the UK, as well as UK-based call centres, TSB may be a good option for those who like a face-to-face relationship with their bank.

TSB's top savings rate of 6% is available on its regular savings account.

Easy access savings accounts

Table: sorted by interest rate
TSB's best easy access rate of 3.5% is significantly lower than today's market-best rate of 6.89%.
1 - 5 of 8
Product Account type Withdrawals Min. opening balance Rate Deposit protection Open via Incentive
TSB – Save Well Limited Access ISA
TSB logo
Cash ISA
Instant access
£1
3.5% AER variable
FSCS logo
protected
Open via: branch, website.
Go to siteView details
TSB – Save Well Limited Access Account
TSB logo
Variable
Instant access
£1
3.5% AER variable
FSCS logo
protected
Open via: branch, website.
Go to siteView details
TSB – Savings Pot
TSB logo
Variable
Instant access
£1
2.72% AER variable (includes a 1.52% bonus )
FSCS logo
protected
Open via: branch, mobile app. Additional account needed
Go to siteView details
TSB – Cash ISA Saver
TSB logo
Cash ISA
Instant access
£1
1.4% AER variable (on balances up to £24,999) (includes a 0.2% bonus )
FSCS logo
protected
Open via: branch, website.
Go to siteView details
TSB – eSavings
TSB logo
Variable
Instant access
£1
1.3% AER variable (on balances up to £24,999) (includes a 0.1% bonus )
FSCS logo
protected
Open via: website, mobile app. Additional account needed
Go to siteView details
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Cash ISAs

Table: sorted by interest rate
TSB's best cash ISA rate of 4.1% is lower than today's market-best rate of 5.32%.
1 - 5 of 6
Product Rate Minimum investment Interest paid Withdrawals Deposit protection Open via Incentive Table product description
TSB – Fixed Rate Cash ISA
TSB logo
4.1% AER fixed for 1.5 years
£1
Monthly
Instant access (charge applies )
FSCS logo
protected
Open via: branch, website.
Go to siteView details
TSB – Fixed Rate Cash ISA
TSB logo
4% AER fixed for 2 years
£1
Anniversary of account opening
Instant access (charge applies )
FSCS logo
protected
Open via: branch, website.
Go to siteView details
TSB – Fixed Rate Cash ISA
TSB logo
3.9% AER fixed for 3 years
£1
Anniversary of account opening
Instant access (charge applies )
FSCS logo
protected
Open via: branch, website.
Go to siteView details
TSB – Save Well Limited Access ISA
TSB logo
3.5% AER variable
£1
Monthly
Instant access
FSCS logo
protected
Open via: branch, website.
Go to siteView details
TSB – Cash ISA Saver
TSB logo
1.4% AER variable (on balances up to £24,999) (includes a 0.2% bonus )
£1
Yearly
Instant access
FSCS logo
protected
Open via: branch, website.
Go to siteView details
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Fixed-rate bonds

Table: sorted by interest rate
TSB's best fixed-rate bond rate of 4.15% is slightly lower than today's market-best rate of 4.7%.
1 - 5 of 6
Product Rate Invest Interest paid Withdrawals Open via Deposit protection Open via Incentive Table product description
TSB – Fixed Bond
TSB logo
4.15% AER fixed for 1 year
£1 - £1,000,000
Anniversary of account opening
Withdrawals not permitted
Branch, website
FSCS logo
protected
Open via: branch, website.
Go to siteView details
TSB – Fixed Bond
TSB logo
4.15% AER fixed for 1 year
£1 - £1,000,000
Monthly
Withdrawals not permitted
Branch, website
FSCS logo
protected
Open via: branch, website.
Go to siteView details
TSB – Fixed Bond
TSB logo
4% AER fixed for 2 years
£1 - £1,000,000
Anniversary of account opening
Withdrawals not permitted
Branch, website
FSCS logo
protected
Open via: branch, website.
Go to siteView details
TSB – Fixed Bond
TSB logo
4% AER fixed for 2 years
£1 - £1,000,000
Monthly
Withdrawals not permitted
Branch, website
FSCS logo
protected
Open via: branch, website.
Go to siteView details
TSB – Fixed Bond
TSB logo
3.9% AER fixed for 3 years
£1 - £1,000,000
Anniversary of account opening
Withdrawals not permitted
Branch, website
FSCS logo
protected
Open via: branch, website.
Go to siteView details
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Regular savings accounts

Table: sorted by interest rate
TSB's best regular savings account rate of 6% is slightly lower than today's market-best rate of 7.5%.
Product AER Save Withdrawal notice Interest paid Deposit protection Open via Incentive Table product description
TSB – Monthly Saver
TSB logo
6% fixed for 1 year (on first £3,000)
£25 to £250 per month
1 year bond
On maturity
FSCS logo
protected
Open via: branch, website. Additional account needed
Go to siteView details
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Business savings accounts

Table: sorted by interest rate
TSB's best business savings account rate of 1.35% is significantly lower than today's market-best rate of 4.65%.
1 - 1 of 1
Product Interest rate and type Interest paid Invest Term Open via Incentive Table product description
TSB – Business Instant Access
TSB logo
1.35% AER variable
Monthly
£1 - £4,999
Instant access
Open via: website, telephone.
Go to siteView details
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Compare more business savings accounts up to 4.65%

What is TSB's best savings account with the highest interest rate?

The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.

Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts TSB offers, plus the highest interest rate currently available.

Savings account types include Easy access, cash ISAs, fixed-rate bonds, regular savers, business
Best easy access rate 3.5%
Best cash ISA rate 4.1%
Best fixed-rate bond rate 4.15%
Best regular saver rate 6%
Best business savings account rate 1.35%
Fixed bond terms 1 year - 3 years
Opening options Branch, website, mobile app, telephone
FSCS protection

Didn’t find the account type you were looking for? Check our other guides:

How to open a TSB savings account

The process of opening a TSB savings account depends on the type of account. Fixed rate bonds, ISAs and instant access accounts can be opened online or in a branch. A Monthly Saver is available to existing TSB current account customers and can be opened online or in-branch if you book an appointment.

Depending on the account, you have the option to manage it online, in a branch, over the phone or in the TSB app.

How do I decide which account is for me?

Firstly, you need to decide what you’re looking for in a savings account. Are you looking for tax-free savings? Do you want to save a regular amount each month or just as and when you can? Or do you have a lump sum you’re happy to lock away for a year or more?

You need to work out what you need before comparing the different offers available for certain types of savings accounts. Once you’ve done that, it’s useful to look at:

  • Interest rates
  • Fees (If there are any.)
  • Access to cash (If you need quick access, for instance.)

Is my money safe with TSB?

Should anything go wrong, all eligible deposits with TSB up to a total of £85,000 per person are guaranteed by the British government. This is what’s known as the Financial Services Compensation Scheme (FSCS), and is the same scheme that protects customers of most, if not all, the major banks and building societies in the UK.

What are the pros and cons of banking with TSB?

Pros

  • Online banking. TSB’s adult savings accounts can be managed online, so you can take care of your savings wherever you are. You can also manage the instant access accounts via the TSB app.
  • Flexibility. TSB offers a range of savings accounts which provide options for all types of savers.

Cons

  • Better rates elsewhere? Rates aren’t market leading, so you might be able to get better elsewhere.
  • IT problems. TSB has suffered from IT issues in recent times. In April 2018 thousands of customers were locked out of their accounts.

Customer service information for TSB

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Our verdict

Whether you’re looking to save little and often or in big chunks, for yourself or for a child, TSB should have a savings account to suit. However, you should check out our other savings reviews first to see how TSB savings accounts weigh up against the competition in terms of benefits, rates and fees.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

Your reviews

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All user-submitted reviews must meet our review guidelines. These set out our standards and expectations, including that the review is from by a genuine user of the relevant product or service and that it is honest, authentic and respectful. We explicitly prohibit fake or otherwise misleading reviews and we check all submissions, but we make no guarantee as to the authenticity of any published review or reviewer. Some reviews may be submitted (regardless of sentiment) in exchange for entry into any competition(s) for which we are the promoter.

10 of 23 reviews

★★★★★ Andrew (Cardiff) 2 months ago

Via customer survey commissioned by Finder

Links to my own account . Have had interest paid as usual . Easy and effortless. Good customer service


★★★★★ Don (Bristol) 2 months ago

Via customer survey commissioned by Finder

Excellent customer service, good rates, fraud protection


★★★★★ Newton (Manchester) 2 months ago

Via customer survey commissioned by Finder

I've been a customer for over 40 years and have always found TSB to be very accomodating.


★★★★★ Alex (Nottingham) 2 months ago

Via customer survey commissioned by Finder

I have used it for years and had no issues with it


★★★★★ Sophia (Bristol) 2 months ago

Via customer survey commissioned by Finder

It provides all I need as a savings account


★★★★★ Jim (Plymouth) 2 months ago

Via customer survey commissioned by Finder

Great savings account with this bank they offer a good service and reward me where applicable.


★★★★★ John (Plymouth) 2 months ago

Via customer survey commissioned by Finder

Good product but needs higher interest rates


★★★★★ Laura (Edinburgh) 2 months ago

Via customer survey commissioned by Finder

All good apart from no branches near by


★★★★★ Rosemary (Birmingham) 2 months ago

Via customer survey commissioned by Finder

Its perfect for what i need


★★★★★ Harry (Newcastle) 2 months ago

Via customer survey commissioned by Finder

Good interest rates


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Writer

Felix Thompson is a freelance writer at Finder. He covers everything from digital banking to car insurance and, whatever the topic, he aims to make it easy for consumers to get straight to the best deal. Felix has a postgraduate qualification in international journalism and is also a broadcast journalist. In his spare time, he loves to cycle. See full bio

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