Sorry, we are only accepting business instant access account applications from existing customers at this time.
Why choose the TSB Business Instant Access Savings Account?
Earn up to 1.50% gross/AER
For balances over £5,000
Open an account from just £1 and have interest calculated daily and paid monthly.
No penalties for withdrawals
No limits or fees
Take your money out whenever you need it with no fees or charges.
Applying online is easy
You need to be an existing TSB customer to apply. Apply within 30 minutes.
Easily compare our interest rates
- 1.50% AER (Variable) on balances over £5,000
- 1.35% AER (Variable) on balances of £1 to £4,999.99
- You’ll earn interest on balances of £1 or more. Interest is calculated each day and paid monthly
Lots of ways to manage your account
- Speak to one of our relationship managers over the phone
- Manage your account online 24/7 with TSB Internet Banking or the TSB Business Mobile Banking App
- And, of course, you can visit us in branch
To apply
Existing TSB business customers will need:
Existing TSB personal customers will need:
Existing TSB personal customers may also need:
Important documents
Sorry, we are only accepting business instant access account applications from existing customers at this time.
If you don’t already have an account with TSB, we won’t be able to accept your application for a business instant access account. If you submitted an application before 20th September, it will be progressed and we will be in touch.
We will update our website as soon as we are able to open accounts for new customers. Please check back here for updates.
Already a TSB business customer?
Apply for a Business Instant Access Savings Account
Start saving on the same day
We use Adobe Sign for this kind of request. Adobe will pass the information you provide to us in a secure manner and won’t process it in any other way. Information on how we use your data can be found in our Data Privacy Notice.
Any questions?
| Gross % (Variable) | AER % (Variable) | Gross % (Variable) | |||
| Balances of £5,000+ | 1.50% | 1.48% | |||
| Balances of £1 to £4,999.99 | 1.35% | 1.34% | |||
| You’ll earn interest on balances of £1 or more. Interest is calculated each day and paid monthly. | |||||
Yes. We can move the interest rate up or down at any time. Our Terms and Conditions explain when we’ll do this.
If we increase the interest rate, we’ll make details of the rate change available in branch and on our website within 3 days of the change. If we decrease the interest rate, we’ll let you know personally and give you at least 2 months’ notice.
Based on a £1,000 deposit, with no withdrawals made from the account, and variable interest rates remaining the same |
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| Current interest rate | ||
| Initial deposit | £1,000.00 | |
| Interest earned at 1.34% Gross/1.35% AER | £13.50 | |
| Estimated balance after 12 months | £1,013.50 | |
| This is an example only and doesn’t take into account your individual circumstances. | ||
| Based on a £50,000 deposit, with no withdrawals made from the account, and variable interest rates remaining the same | ||
| Current Interest rate: | ||
| Initial deposit | £50,000.00 | |
| Interest earned at 1.48% Gross/ 1.50% AER | £750.00 | |
| Estimated balance after 12 months | £50,750.00 | |
| Ways to open |
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| Who can open | You must be:
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| Open with |
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| Manage your account |
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| Withdrawals allowed | Yes, instant access. Transaction and daily limits apply |
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| Notice period | None | |
| Withdrawal charges | No withdrawal penalties apply | |
| How to withdraw | Transfer Faster Payment CHAPS |
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View our business banking payment limits.
- Accounts can only be opened in the business name
- 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
- AER stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time
- Gross rate means that credit interest is paid without income tax being deducted
- UK-based businesses only
Rates and information correct at 01/08/2023
Important Information
18+ & UK based business
AER stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time
