£125 switch incentive & linked saver
TSB is one of the oldest and biggest names in British banking. With that comes a full range of banking services including savings accounts.
With more than 600 branches across the UK, as well as UK-based call centres, TSB is great for those who like a face-to-face relationship with their bank.
Whether you’re looking to save little and often or in big chunks, TSB have a savings account for any need.
A cash ISA is a savings account where you don’t pay tax on the interest you earn. There’s a limit on the amount you can deposit into ISAs each year, which is set by the government. The limit in 2019/20 is £20,000.
Opening a TSB savings account depends on the type. Fixed bonds, ISAs and instant access accounts can be opened online or in a branch.
Depending on the account, you have the option to manage them online, in a branch, over the phone or in the TSB app.
Firstly, you need to decide what you’re looking for in a savings account. How often are you planning to draw out money? How much money can you afford to save each month?
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:
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 of, if not all, the major banks and building societies in the UK.
TSB’s entry into the low-APR credit card fray has one major catch: no ongoing interest-free grace period.
Kick-start a positive credit history while benefiting from 0% interest on purchases.
TSB’s dual-purpose card lets you spread the cost of your purchases interest-free and enjoy 0% on balance transfers.
Kick start a positive credit record and handle fluctuating costs with TSB’s student credit card.
Everything you need to know about the TSB Platinum Balance Transfer Credit Card. Fast and simple overview of rates, fees, credit limits and eligibility requirements. Compare this card against similar products from a range of lenders.
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