Whatever you’re saving for, our Cash ISA Saver account can help you get there with instant access to your tax-free savings.
Why open a Cash ISA Saver?
Save tax-free
Save up to £20,000 tax-free in the 2024/2025 tax year and pay no tax on any interest you earn.
Instant access to your money
Make withdrawals at any time and replace it later in the same tax year without losing any of your tax-free allowance.
Currently paying from 1.50% interest
Currently paying from 1.50% tax-free/AER (variable). This includes a fixed introductory bonus of 0.20% for 12 months.
Tax-free means the interest paid will be free from UK Income Tax. The tax advantages depend on your individual circumstances and the tax treatment of your ISA may change in the future.
Cash ISA Saver benefits
- Interest rates are variable and the rate you earn 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.
| Account balance | Variable annual interest with 12 month bonus. Tax free/AER% | Variable annual interest without 12 month bonus. Tax free/AER% |
|---|---|---|
| £1+ | 1.50% | 1.30% |
| £25,000+ | 1.60% | 1.40% |
| £50,000+ | 1.70% | 1.50% |
| £100,000+ | 1.80% |
1.60% |
- After 12 months the variable interest rate without bonus will apply
- To open this account you must be 18 or over and a UK resident
- Instant access to your money with no notice periods or fees
- Open a Cash ISA Saver with just £1
- Save up to £20,000 for the tax year ending 5 April 2025 tax-free
Rates and information correct as at 25/09/2024.
Important information
How to apply
Already registered for Internet Banking?
How to apply
If you're not already registered
If you prefer to apply in branch or through telephone banking, you can book an appointment in advance.
Other ISAs
Save Well Limited Access ISA
A higher rate if you don't withdraw
- Open from £1
- 12-month term
- Earn 3.68%/ 3.75% tax-free/AER (variable) in the months you don't make a withdrawal. Interest paid monthly
- Instant access to your money, but you'll earn a lower interest rate of 0.49%/ 0.50% tax-free/AER (variable) in the months you make a withdrawal
Fixed Rate Cash ISA
Put your money away for a set time
- Open from £1
- 18 month, 2 year, 3 year terms available
- Earn up to 3.88% Tax Free/ 3.95% AER (fixed) interest rate (for a 18 Month Fixed Rate Cash ISA). Withdrawal charges apply
- Withdrawal charges apply
Junior Cash ISA
For children under the age of 18
- Open from £1
- 3.65% tax-free/AER (variable)
- Once the child reaches 18, the account will mature into a Cash ISA Saver with bonus
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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.
Tax-free means the interest paid will be free from UK Income Tax. The tax advantages depend on your individual circumstances and the tax treatment of your ISA may change in the future.
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.
