Enjoy an instant access savings account that gives you a higher interest rate in months you don't make withdrawals.
Up to 3.40% AER interest
You'll earn 3.40% AER (variable) in months where you don't make a withdrawal.
Instant access
If you withdraw your money, that month's interest will be 0.49%/0.50% AER (variable).
Manage in app
It's easy to manage your account in the app. You can also use internet banking, phone, or pop into branch.
Is a Save Well Limited Access Account right for you?
This account is for:
- Getting a better interest rate when you don't make withdrawals
- Being able to access your money quickly, if you need it
- Having no maximum limit on the amount you can save
This account is not for:
- Anyone under 16 years old
- Making regular withdrawals
How much could you earn in interest?
If you put in £1,000 when you opened the account and make no withdrawals and made no further deposits, the balance after 12 months will be £1,034.00. This assumes the interest rate stays the same for 12 months.
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.
| Withdrawals | Interest rate |
|---|---|
| Months where no withdrawals are made | 3.34%/3.40% Gross / AER (variable) |
| Any months that a withdrawal is made | 0.49%/0.50% Gross / AER (variable) |
Interest payments
Interest is calculated each day and paid monthly on the 1st of each month. If you have selected to pay interest to a different account, interest will be paid on the first working day of the month. Please note that if you make a withdrawal the interest rate applied to the balance in your account for that calendar month will be the lower rate.
At the end of the 12 month term the account will switch to an Easy Saver (excluding the bonus rate). We'll contact you before this happens with your options to continue saving.
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 an initial £1,000 deposit, with no deposits or withdrawals made from the account, and variable interest rates remaining the same:
|
Initial deposit |
£1,000 |
|---|---|---|
Year 1 |
Interest earned at 3.34%/3.40% Gross/AER (variable) |
£34.00 |
Estimated balance after 12 months |
£1,034.00 |
Based on a £1,000 deposit, with no further deposits, £10 withdrawn on the first day of months 1 and 2, and variable interest rates remaining the same. NB: The below projection allows for limited withdrawals only.
|
Initial deposit |
£1,000 |
|---|---|---|
Year 1 |
Interest earned at 0.49%/0.50% Gross/AER (variable) for months 1 and 2 (withdrawals) |
£0.80 |
Interest earned at 3.34%/3.40% Gross/AER (variable) for months 3 to 12 (no withdrawals) |
£27.78 |
|
Total interest earned for the 12 months |
£28.58 |
|
Estimated balance after 12 months |
£1,008.58 |
NB: If you anticipate making regular withdrawals during the account term, this may not be the most appropriate option to suit your needs.
These are examples only and do not take into account your individual circumstances.
Ways to open |
|
| Who can open | You must be:
|
Open with |
|
| Manage your account |
|
Are withdrawals allowed?
Yes, instant access
Notice Period: None
What happens if I make a withdrawal?
If you make a withdrawal during the term of your Save Well Limited Access Account, the interest rate applied to the balance for the whole calendar month in which your withdrawal is made, will be a lower rate of 0.49%/0.50% Gross/AER variable.
How to withdraw
- Cash
- Bankers draft
- Transfer to a TSB current or savings account in your own name
(Fees may apply to some of these services, please see our Savings Account General Conditions for more information)
- 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.
- If you aren’t happy with your Save Well Limited Access Account, you can cancel it within 30 days of opening without charge.
- If you choose to close your account before the end of the term, interest will be paid to the day before account closure. The interest rate will be the lower rate that is normally applied to months in which a withdrawal is made.
- At the end of the 12 month term the account will switch to an Easy Saver (excluding the bonus rate). We ll contact you before this happens with your options to continue saving.
Rates and information correct as at 18/06/2025.
Apply for a Save Well Limited Access Account
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If you'd prefer to apply in branch or through telephone banking, 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.
