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From 1.10% AER (variable)
Interest rates include a fixed bonus of 0.10% for 12 months. Rates are variable and depend on your balance at the end of each day.
Instant access
Withdraw your money at any time without any fees or charges.
Easy to manage
Manage your account using Internet Banking or by downloading our app.
Is an eSavings account right for you?
This account is for:
- TSB current account customers
- Managing your savings online or in the app
- Having instant access to your money
- Saving on your own, or together by making this a joint savings account
This account is not for:
- Anyone under 16 years old
- People without a TSB current account
- Being paid interest monthly (interest is paid annually)
How much could you earn in interest?
If you put in £1,000 when you opened the account, you’d earn 1.10% (including 1 year additional bonus 0.10%). If you make no withdrawals and no further deposits, the balance after 12 months will be £1,011.00. This assumes the interest rate stays the same for 12 months.
eSavings Summary Box
All the information you need to know about this savings account can be found here:
Your rate depends on if you withdraw money each month.
| Balance | Interest rate with bonus Includes a fixed bonus of 0.10% for the first 12 months |
Interest rate without bonus Applicable after 12 months |
|---|---|---|
| £1+ | 1.10% | 1.00% |
| £25,000+ | 1.15% | 1.05% |
| £50,000+ | 1.20% | 1.10% |
| £100,000+ | 1.35% | 1.25% |
All interest rates are Gross/AER variable.
Interest payments
Interest is calculated each day and paid once a year on the anniversary of opening the account.
The interest rate you get depends on how much money you have in your account at midnight at the end of each day. You earn the interest rate on all the money in your account.
Sometimes we offer different bonus rates. If we do this, you can choose to add or replace an existing bonus rate with a new one. This is called ‘renewing’ your account. You can renew your account at any time and as often as you like. Bonus rates are fixed and last for 12 months. Always check the rates first. For more information on how to renew your account, see the ‘Additional information’ section below.
Yes, rates are variable. We can move the interest rate up or down at any time. Our Savings Account General Conditions explain when we'll do this.
If we increase the interest rate, we’ll make details of the rate change available in branch, on the phone and on our website, within 3 days of the change.
If we decrease the interest rate, we’ll let you know personally 14 days in advance. You can close your account without charge within 30 days of the change, and at any other time. We may not do this if you have £100 or less in your account. Instead, we may tell you about it by making details of the change available in our branches, at tsb.co.uk and through telephone banking.
Based on:
- A deposit of £1,000, £25,000, £50,000 and £100,000
- No deposits or withdrawals
- Variable interest rates remaining the same
| Year 1 | ||
|---|---|---|
| Deposit | Interest earned in the first 12 months | Balance at the end of 12 months |
| £1,000 | £11.00 | £1,011.00 |
| £25,000 | £287.50 | £25,287.50 |
| £50,000 | £600.00 | £50,600.00 |
| £100,000 | £1,350.00 | £101,350.00 |
| Year 2 | ||
|---|---|---|
| Deposit | Interest earned in the first 12 months | Balance at the end of 12 months |
| £1,000 | £10.11 | £1,021.11 |
| £25,000 | £265.52 | £25,553.02 |
| £50,000 | £556.60 | £51,156.60 |
| £100,000 | £1,266.88 | £102,616.88 |
All interest rates are tax free/AER variable.
This is an example only and doesn’t take into account your individual circumstances.
| Who can open | You must be:
|
Ways to open |
|
| Open with |
|
| Manage your account |
|
| Are withdrawals allowed? | Yes, instant access |
| Withdrawal charges | No withdrawal penalties apply. |
| How to withdraw | Transfer to a TSB current or savings account in your own name
|
- Accounts can be held in sole or joint names
- 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
- Account can be closed at any time without charge.
Rates and information correct as at 18/06/2025.
To check our rates and find out how to renew your account - click here
Or you can:
- Log into Internet Banking
- Call us on 0345 975 8758 – lines are open – 8am to 8pm every day
- Chat to us in the TSB Mobile Banking App
- Visit a TSB branch
More information
Apply for an eSavings account
Already a TSB customer?
Log into Internet Banking
Apply for your savings account
Complete in minutes
Apply for an eSavings account
New to TSB?
You’ll need a TSB current account account to apply for this account
If you prefer to apply in branch or through a telephone, you can book an appointment in advance.
Important documents
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.
