If you've got a TSB current account, you can open an eSavings account online in moments with just £1 and enjoy easy access through Internet Banking.
Save how you want
Effortlessly move money between your eSavings 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 using Internet Banking or by downloading our app.
eSavings Account interest rates
Interest rates are variable, depending on how much money is in your account at the end of each day. After 12 months, the variable interest rate without bonus will apply.
The interest rates for eSavings 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, and
- A TSB current account holder
- Interest is paid annually on anniversary of account opening
- Instant transfers between your eSavings Account and TSB current account
- Manage your Savings account online with our mobile app and Internet Banking
Rates and information correct as at 25/09/2024.
Open an eSavings account
Existing Customers
It’s quick and easy to open an account online
You’ll need to be 16 or over and a UK resident
Open an eSavings account
New to TSB?
If you're a new TSB customer, you'll first need to open a TSB Personal Current Account.
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.
