TSB savings accounts

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

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TSB

TSB is one of the oldest and biggest names in British banking. With 220 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.

Easy access savings accounts

Table: sorted by interest rate
TSB's best easy access rate of 3.75% is significantly lower than today's market-best rate of 7.49%.
1 - 5 of 8
Name Product Account type Withdrawals Min. opening balance Interest rate Deposit protection Open via Incentive Apply link
TSB – Save Well Limited Access ISA
Cash ISA
Instant access
£1
3.75% AER variable
FSCS logo
protected
Open via: branch, website
Go to site
View details
TSB – Save Well Limited Access Account
Variable
Instant access
£1
3.75% AER variable
FSCS logo
protected
Open via: branch, website
Go to site
View details
Additional account needed
TSB – Savings Pot
Variable
Instant access
£1
2.92% AER variable (Includes a bonus
FSCS logo
protected
Open via: branch, mobile app
Go to site
View details
TSB – Cash ISA Saver
Cash ISA
Instant access
£1
1.7% AER variable (on balance between £25,000 and 49,999) (Includes a bonus
FSCS logo
protected
Open via: branch, website
Go to site
View details
Additional account needed
TSB – eSavings
Variable
Instant access
£1
1.6% AER variable (on balance between £25,000 and 49,999) (Includes a bonus
FSCS logo
protected
Open via: website, mobile app
Go to site
View details
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Cash ISAs

Table: sorted by interest rate
TSB's best cash ISA rate of 4.5% is slightly lower than today's market-best rate of 5.1%.
1 - 5 of 6
Name Product Interest rate Minimum investment Interest paid Withdrawals Deposit protection Open via Incentive Table product description Apply link
TSB – 18 Month Fixed Rate Cash ISA
4.5% AER fixed for 1.5 years
£1
Monthly
Instant access (charge applies )
FSCS logo
protected
Open via: branch, website
Go to site
View details
TSB – 2 Year Fixed Rate Cash ISA
4.35% AER fixed for 2 years
£1
Anniversary of account opening
Instant access (charge applies )
FSCS logo
protected
Open via: branch, website
Go to site
View details
TSB – 3 Year Fixed Rate Cash ISA
4.1% AER fixed for 3 years
£1
Anniversary of account opening
Instant access (charge applies )
FSCS logo
protected
Open via: branch, website
Go to site
View details
TSB – Save Well Limited Access ISA
3.75% AER variable
£1
Monthly
Instant access
FSCS logo
protected
Open via: branch, website
Go to site
View details
TSB – Cash ISA Saver
1.7% AER variable (on balance between £25,000 and 49,999) (Includes a bonus
£1
Yearly
Instant access
FSCS logo
protected
Open via: branch, website
Go to site
View details
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Fixed-rate bonds

Table: sorted by interest rate
TSB's best fixed-rate bond rate of 4.6% is slightly lower than today's market-best rate of 5.5%.
1 - 5 of 6
Name Product Interest rate Invest Interest paid Withdrawals Open via Deposit protection Open via Incentive Table product description Apply link
TSB – Fixed Bond
4.6% 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 site
View details
TSB – Fixed Bond
4.6% AER fixed for 1 year
£1 - £1,000,000
Monthly
Withdrawals not permitted
Branch, website
FSCS logo
protected
Open via: branch, website
Go to site
View details
TSB – Fixed Bond
4.35% AER fixed for 2 years
£1 - £1,000,000
Monthly
Withdrawals not permitted
Branch, website
FSCS logo
protected
Open via: branch, website
Go to site
View details
TSB – Fixed Bond
4.35% 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 site
View details
TSB – Fixed Bond
4.1% 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 site
View 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 7.49%.
Name Product AER Save Withdrawal notice Interest paid Deposit protection Open via Incentive Apply link
TSB – Monthly Saver
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
Go to site
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Business savings accounts

Table: sorted by interest rate
TSB's best business savings account rate of 4.5% is slightly lower than today's market-best rate of 5.25%.
Name Product Interest rate and type Interest paid Invest Term Open via Incentive Table product description Apply link
TSB – Fixed Rate Bond
4.5% AER fixed
Anniversary of account opening
£1 - £5,000,000
1 year
Open via: website, mobile app
Go to site
View details
TSB – Fixed Rate Bond
4.3% AER fixed
Anniversary of account opening
£1 - £5,000,000
1.5 years
Open via: website, mobile app
Go to site
View details
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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 3.75%
Best cash ISA rate 4.5%
Best fixed-rate bond rate 4.6%
Best regular saver rate 6%
Best business savings account rate 4.5%
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

Opening a TSB savings account depends on the type. Fixed 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.

Depending on the account, you have the option to manage them 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. 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:

  • Interest rates
  • Fees (If there are any.)
  • Access to cash (If you need quick access, for instance.)
  • Rewards and loyalty schemes (If you’re into add-ons or switching bonuses.)

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 of, 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. The instant access savers even let you handle your account in its mobile 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.
  • Poor customer service scores. Only 54% of TSB customers would recommend their bank to others based on overall service quality, according to an annual survey commissioned by the Competition and Markets Authority.

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. Just to be sure, though, 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.

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4 Responses

    Default Gravatar
    DavidJuly 11, 2019

    What is your best regular saver and interest rate? Do I have to be an account holder?

      AvatarFinder
      JeniJuly 13, 2019Finder

      Hi David,

      Thank you for getting in touch with Finder.

      Please visit TSB’s official page to learn more on their savings accounts as well as their rates and once you have chosen a savings account that would suit your needs, you may apply online. Please contact them directly if you need further assistance on opening an account with them. Please make sure that you’ve read the relevant T&Cs or PDS of this account to help consider whether the product is right for you.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    JohnApril 29, 2019

    What is the best rate for savings with an online account investing £1500 a month in pensions?

      AvatarFinder
      JeniApril 30, 2019Finder

      Hi John,

      Thank you for getting in touch with Finder.

      Kindly contact TSB directly on this matter since their bank representative will provide you a more accurate info on rates and type of savings account that will suit your needs most. You may also visit one of their branches in Titonka, Forest City or Thompson. Their offices are open from 8:30am – 4:30pm, Monday – Thursday and 8:30am – 5:00pm on Friday.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

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