The Monthly Saver account is for TSB current account customers who want to save regularly with a great rate but still have instant access to their money.
Earn up to 6.00% Gross/AER
The Monthly Saver pays 6.00% Gross/AER, fixed for a year.
Save regularly
Use a standing order to save from £25 to £250 each month.
Instant access
Withdraw your money without any fees or charges.
Monthly Saver account interest rates
- The Monthly Saver pays 6.00% Gross/AER, fixed for a year
- Interest is calculated at the end of each day and paid annually
- At the end of the term, your account will convert to an Easy Saver account with a fixed bonus for 12 months. We’ll let you know before this happens.
- Rates and information correct as at 10/10/2023
Open a Monthly Saver
To apply, you’ll need:
A TSB current account
To be 16 or over
And be a UK resident
Open a Monthly Saver
New to TSB?
You’ll need a TSB current account before you can open a Monthly Saver. To do this you’ll need to:
Pick the account you want
Log into Internet Banking or the app
Open a Monthly Saver
If you prefer to apply in branch or through telephone banking, you can book an appointment in advance.
Any questions?
To save into your Monthly Saver, you’ll need to set up a standing order. This can be anything from £25 to £250 each month, and you’ll need to make your first payment within 30 days of opening your account.
You can create a standing order when you apply. There will be a button that says 'Set up a Standing Order from a TSB account' which will guide you through the process. You can also create an external transfer from a TSB account using the 'Pay a person or company' tab on the 'Set up a Standing Order' page in your online banking.
Yes. You can take out your money whenever you want without any fees or charges.
Your money’s protected
The Financial Services Compensation Scheme (FSCS) protects up to £85,000 of your eligible money at TSB. For more information, please visit the FSCS website.
Important Information
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.
