You can open an Easy Saver account with just £1.
Save how you want
Effortlessly move money between your Easy Saver and TSB current account
Instant access
Take your money out or put more in a way that works for you
Easy to manage
Manage your account online, in the app, on Telephone Banking or in branch
Easy Saver Account interest rates
Interest rates are variable* depending on how much money is in your account at midnight at the end of each day. After 12 months the variable interest rate without bonus will apply.
The interest rates for Easy Saver are:
| Account Balance | Variable annual interest with 12 month bonus Gross/AER % |
Variable annual interest without 12 month bonus Gross/AER % |
|---|---|---|
£1+ |
1.40% |
1.30% |
£25,000+ |
1.50% |
1.40% |
£50,000+ |
1.60% |
1.50% |
£100,000+ |
1.70% |
1.60% |
- After 12 months the variable interest rate without bonus will apply
To open this account you must be;
- 16 or over, and
- A UK resident
- You can easily transfer money instantly between your Easy Saver and TSB current account
- Instant access whether you manage your account online, through Telephone Banking or in our branch network
- Interest is paid annually
- Manage your Savings account online with our mobile app and Internet Banking
Rates and information correct as at 25/09/2024.
Open an Easy Saver Account
Existing Customers
It’s quick and easy to open an account online or in the mobile app
You’ll need to be 16 or over and a UK resident
Open an Easy Saver Account
New to TSB?
It only takes a few minutes to apply online
You’ll need to be 16 or over and a UK resident
If you prefer to apply in branch or through telephone banking, you can book an appointment in advance.
Any questions?
- As an Easy Saver Account holder, you can take advantage of the TSB services that help you get the most from your money.
- You can nominate your Easy Saver account for Save the Pennies. Every time you make a purchase with your TSB Visa debit card the amount you spend will be rounded up to the nearest pound and the difference will be saved into this account.
- Set up a standing order - saving regularly from your current account is the easy way to grow your savings.
- Rename your account to match your goal – for example, holiday, rainy day or savings. To do this, click on your Easy Saver account in Internet Banking and select ‘Change nickname’. The name you choose will only show in Internet Banking and not on your statements.
- Transfer money instantly between your Easy Saver and TSB current account.
- Turn off paper statements. Quickly find what you are looking for by using the search function to scour your statements.
Important Information
*Variable means the interest rate on your savings can change. The rate can go up and down. If it goes up, you earn more interest. If it goes down, you’ll earn less interest, but we’ll tell you before this happens. If you’d like to know more about what might happen to our variable interest rates when the Bank of England changes the Base Rate, head over to our Popular Questions page at www.tsb.co.uk/savings/
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 16+ and UK resident to open most of our savings accounts with the exception of Savings Pots and TSB ISAs. For children under 16 please see specific pages for opening procedures.
