Compare Savings Accounts

Not sure which savings account is right for you?

Here you’ll find all the details you need to quickly compare our savings accounts at a glance.

Since 6 April 2016 you can also earn tax-free interest on money held in savings or current accounts. There's an overall limit to the total amount of tax-free interest you're allowed to earn on all your savings, across all the different providers and accounts you may have.

The Personal Savings Allowance is £1,000 for basic rate tax payers and £500 for higher rate tax payers. Additional rate tax payers do not receive a Personal Savings Allowance.

Simply click on the account name for more details of the account.

Compare ISAs

Account	Interest rate Tax free/AER (variable)	Interest paid on balances over	Access	Interest Paid	Ways to manage your account
Cash ISA Saver	1.50% on balances of £1+ 1.60% on balances of £25,000+ 1.70% on balances of £50,000+ 1.80% on balances of £100,000+ Interest rates include a fixed introductory bonus of 0.20% for 12 months from the date of account opening.	£1+ The interest rate you earn depends on how much you have in your account.	Instant	Yearly	Online By Phone In branch	More details
Save Well Limited Access ISA	3.68%/ 3.75% Tax free/AER variable in months you don’t make a withdrawal. Lower rate of 0.49%/ 0.50% Tax free /AER variable in months you make a withdrawal.	£1+	Instant, but if you make a withdrawal, 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% Tax free/AER variable	Monthly	Online By Phone In branch	More details
18 Month Fixed Rate Cash ISA	3.88% Tax Free/ 3.95% AER fixed	£1+	Withdrawals allowed but incur a loss of interest charge ¹	Monthly	Online By Phone In branch	More details
2 Year Fixed Rate Cash ISA	3.85% Tax free/AER fixed	£1+	Withdrawals allowed but incur a loss of interest charge ¹	Yearly	Online By Phone In branch	More details
3 Year Fixed Rate Cash ISA	3.75% Tax free/AER fixed	£1+	Withdrawals allowed but incur a loss of interest charge ¹	Yearly	Online By Phone In branch	More details
Junior Cash ISA	3.65% Tax free/AER variable	£1+	Restricted, no withdrawals untill the child is 18	Yearly	Online By Phone In branch	More details

Interest earned on your ISA does not count towards any Personal Savings Allowance that may apply to you.
Tax treatment depends on your individual circumstances and may change.
Tax-free is the contractual rate of interest payable where interest is exempt from income tax.

¹ Charge equivalent to:

135 days tax free interest on the amount withdrawn for the 18 month Fixed Rate Cash ISA
180 days tax free interest on the amount withdrawn for the 2 Year Fixed Rate Cash ISA
270 days tax free interest on the amount withdrawn for the 3 Year Fixed Rate Cash ISA

Junior Cash ISA: Tax Free Annual Personal allowance £9,000 for 2024/2025.
Interest earned on the child’s ISA does not count towards any Personal Savings Allowance that may apply to the child. The tax treatment of each account depends on the child’s individual circumstances and may change.

Cash ISA Saver, Save Well Limited Access ISA and Fixed Rate ISA: ISA Tax Free Annual Personal Allowance £20,000 for 2024/2025.

Compare instant access savings accounts

Account	Interest rate Gross/ AER (variable)	Interest paid on balances over	Access	Interest Paid	Ways to manage your account
eSavings	1.40% on balances of £1+ 1.50% on balances of £25,000+ 1.60% on balances of £50,000+ 1.70% on balances of £100,000+ Interest rates include a fixed introductory bonus of 0.10% for 12 months from the date of account opening.	£1+ The interest rate you earn depends on how much you have in your account.	Instant	Yearly	Online By Phone In branch	More details
Easy Saver	1.40% on balances of £1+ 1.50% on balances of £25,000+ 1.60% on balances of £50,000+ 1.70% on balances of £100,000+ Interest rates include a fixed introductory bonus of 0.10% for 12 months from the date of account opening.	£1+ The interest rate you earn depends on how much you have in your account.	Instant	Yearly	Online By Phone In branch	More details
Save Well Limited Access Account	3.68%/ 3.75% Gross/AER variable in months you don’t make a withdrawal. Lower rate of 0.49%/ 0.50% Gross/AER variable in months you make a withdrawal.	£1	Instant, but if you make a withdrawal 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	Monthly	Online By Phone In branch	More details
Monthly Saver	6.00% Gross/AER Fixed	£25	Instant	Yearly	Online By Phone In branch	More details
Savings Pots	2.80% Gross / 2.82% AER variable	£1	Instant	Monthly	Online By Phone In branch	More details

Monthly Saver: Deposit between £25 up to £250 by standing order each month. One account per person & cannot replace money withdrawn.

You can make withdrawals from the Account at any of our branches but you can only make payments from this Account to another TSB current or savings account in your name with us (or in the case of a joint account, in any of your names).

Compare fixed term savings

Account	Fixed Term	Interest rate Gross /AER (variable)	Interest paid on balances over	Access	Interest Paid	Ways to manage your account
Fixed Bond	1 year	4.00% Gross/AER fixed (on a 1 year term)	£1	At maturity	Yearly or monthly	In branch Online	More details
Fixed Bond	2 year	3.85% Gross/AER fixed (on a 2 year term)	£1	At maturity	Yearly or monthly	In branch Online	More details
Fixed Bond	3 Year	3.75% Gross/AER fixed (on a 3 year term)	£1	At maturity	Yearly or monthly	In branch Online	More details

Interest rates quoted are for interest paid annually.

Early withdrawals or closures not permitted once open.

Compare children's savings accounts

Account	Interest rate	Interest paid on balances over	Access	Interest Paid	Ways to manage your account
Young Saver	3.21% Gross/ 3.25% AER variable 1.29% Gross/ 1.30% AER variable on any funds over £20,000	£1	Instant	Quarterly	In branch	More details
Junior Cash ISA	3.65% Tax free/AER variable	£1+	Restricted, no withdrawals until the child is 18	Yearly	In branch	More details

Interest earned on the child’s ISA does not count towards any Personal Savings Allowance that may apply to the child. The tax treatment of each account depends on the child’s individual circumstances and may change.

Junior Cash ISA Tax Free Annual Personal allowance £9,000 for 2024/2025.

Got an ISA to transfer to us?

To transfer an existing ISA (excluding Lifetime ISA) to us, you need to complete our online ISA transfer form
Once we've received this, we'll ask your existing provider to transfer the money to us
We'll pay interest at your new rate from the day we receive your completed transfer application - provided your funds are free to move
If there is a delay in the transfer because your existing ISA has a notice period or restriction, your current provider will let us know when it will be free to move to us and we'll pay the interest from that date
Check with your current provider if there are any costs to transfer your cash ISA
Cash ISAs will take no more than 15 working days to transfer
Stocks and shares or innovative finance ISAs will take no more than 30 days to transfer. To transfer an innovative finance ISA you will need to pop into branch
Remember if you withdraw money from a previous ISA with another provider, you will need to replace the withdrawn money before you transfer it to us, otherwise you will no longer be able to repay that money in to your ISA, and it won't be tax free

ISA Transfer Form

AER

Annual Equivalent Rate. AER 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

This means that credit interest is paid without income tax being deducted.

Tax-free

This is the contractual rate of interest payable where interest is exempt from income tax.

Financial Services Compensation Scheme

Your savings are protected under the Financial Services Compensation Scheme. The scheme protects up to £85,000 (or £85,000 each for joint account holders - £170,000 altogether) of the deposits in your TSB savings and current accounts.

Visit fscs.org

Important Information

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.

You need to be 18+ and a UK resident to open a TSB product. Some of our youth and savings accounts have a lower age limit.