Savings Interest Rates, Switch Offers and Guides for TSB

Who they are

TSB Bank plc is a British retail bank based in Edinburgh, Scotland. Its roots stretch back to 1810, when the first self-supporting savings bank was set up in Dumfriesshire to help ordinary people put money aside for hard times - and by 1817 more than 80 trustee savings banks, from which TSB takes its name, were operating across Scotland and England. The modern version of TSB was reborn when it demerged from Lloyds Banking Group in September 2013 as part of post-financial crisis state aid remedies. On ownership, it is worth knowing that on 30 April 2026, Santander UK acquired TSB from Sabadell for £2.65 billion. For now, TSB continues to operate under its own brand and banking licence, meaning your deposits sit with TSB Bank plc - not Santander UK.

Savings accounts

TSB offers a reasonably wide range of savings products to suit different goals.

If you want flexibility, the Save Well Limited Access Account and Save Well Limited Access ISA both pay 3.00% AER variable, with instant access and a minimum deposit of just £1. The standard Easy Saver and eSavings accounts pay 1.00% AER, which includes a 0.10% bonus for the first 12 months on a 0.90% base rate - worth watching in case the bonus drops off.

For those happy to lock money away, TSB's 1, 2 and 3 Year Fixed Bonds all pay 4.30% AER with no access until maturity, starting from £1. The fixed-rate Cash ISAs are similarly competitive - the 2 Year and 3 Year Fixed Rate Cash ISAs each pay 4.30% AER, while the 18 Month Fixed Rate Cash ISA pays 4.21% AER.

The Monthly Saver stands out for regular savers, paying 5.00% AER with instant access and a minimum deposit of £25 per month. There are also options for younger savers: a Young Saver account at 2.75% AER variable, a Junior Cash ISA at 3.15% AER, and Savings Pots at 1.55% AER variable.

All TSB savings accounts listed here are protected up to £120,000 by the FSCS - note that this is higher than the standard £85,000 limit, which can apply where you hold temporary high balances.

Is it right for you?

TSB is a solid choice if you want a familiar high-street bank with a decent spread of savings options - particularly the Monthly Saver rate and the fixed-rate bonds and ISAs. The easy-access variable rates on the basic accounts are less impressive, so if you are simply parking cash without locking it away, it is worth comparing those against the wider market.

Bear in mind that the Santander acquisition is still settling in, so it is sensible to stay aware of any changes to the TSB licence or brand over the coming year. Always check the live rates shown on this page, as savings rates change and what you see here today may have moved since this was written.