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Up to 3.40% interest
You’ll earn 3.40% AER (variable) interest in months with no withdrawals.
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 a branch.
Is a Save Well Limited Access ISA right for you?
This account is for:
- Earning daily interest tax-free paid monthly
- Saving up to £20,000 in the 2025/2026 tax year
- Getting a better interest rate when you don’t make withdrawals
- Having interest paid into another account without reducing your interest
This account is not for:
- Anyone under 18 years old
- Regularly making withdrawals
- Saving more more than £20,000 in a single tax year
How much could you earn in interest?
If you put in £1,000 when you opened the account and make no withdrawals and no further deposits, the balance after 12 months will be £1,034.00. This assumes the interest rate stays the same for 12 months. Tax treatment depends on individual circumstances.
Save Well Limited Access ISA 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% Tax free/AER (variable) |
| Any months that a withdrawal is made | 0.49%/ 0.50% Tax free/AER (variable) |
Interest payments
Interest rate 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.
At the end of the 12-month term the account will switch to a Cash ISA 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 |
|---|---|
| Interest earned at 3.34%/3.40% Tax-free/AER (variable) (includes a fixed bonus of xx% for the first 12 months) | £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:
| Initial Deposit | £1,000 |
|---|---|
| Interest earned at 0.49%/ 0.50% Tax-free/AER (variable) for months 1–2 (with withdrawals) | £0.80 |
| Interest earned at 3.34%/3.40% Tax-free/AER (variable) for months 3–12 (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.
| Who can open | You must be:
|
Ways to open |
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| Open with |
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| Manage your account |
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| Are withdrawals allowed? | Yes, withdrawals are allowed. You can withdraw and replace money from your Save Well Limited Access ISA without it counting towards your yearly ISA allowance for that year, as long as the repayment is made in the same tax year as the withdrawal. |
| Notice period | None |
| What happens if I make a withdrawal? | If you withdraw money during the term of your account a lower interest rate will be applied to the balance of your account for the whole calendar month in which the withdrawal is made. This rate is currently 0.49%/ 0.50% Tax-free/AER (variable). |
| How to withdraw |
(Fees may apply to some of these services, please see our Savings Account General Conditions for more information) |
- Accounts can only be opened in a sole name
- Opening a Save Well Limited Access ISA will limit the amount that can be invested in stocks and shares or innovative finance ISA. To find out more about this, speak to our Partners in your local branch or call us
- The tax advantages depend on your individual circumstances and the tax treatment of your ISA may change in the future
- If you aren't happy with your Save Well Limited Access ISA, you cancel within 14 days of opening without charge
- If you chose to close the 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 your term, your account will convert to a Cash ISA Saver. 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 ISA
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Apply for a Save Well Limited Access ISA
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If you prefer to apply in branch or through telephone banking, you can book an appointment.
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.
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.
