Easy Saver Account

If you’ve got a TSB Current Account, you can open an account online with just £1.

Reasons to choose Easy Saver

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	Variable annual interest without 12 month bonus
Account balance	Gross/AER %	Gross/AER %
£1+	1.50%	1.40%
£25,000+	1.60%	1.50%
£50,000+	1.70%	1.60%
£100,000+	1.80%	1.70%

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

You can easily transfer money instantly between your Easy Saver and TSB current account
Instant access whether you manage your account online, through Telephone Banking or in our branch network
Interest is paid annually
Manage your Savings account online with our mobile app and Internet Banking

View previous rates

More information

Existing customers Press to expand/collapse

Get more from your Easy Saver

As an Easy Saver Account holder you can take advantage of the many TSB services that we have on offer to help you get the most from your money.
Save the Pennies - You can nominate your Easy Saver account for Save the Pennies and every time you make a purchase with your TSB Visa debit card, the amount you spend will be rounded up to the nearest pound. We'll then transfer the difference into your nominated TSB savings account the next working day.
Set up a standing order - saving regularly from your current account is the easy way to grow your savings.
Rename your account to suit you, such as holiday, rainy day or simply savings. All you need to do is click on your Easy Saver account in Internet Banking and change nickname. The name you choose will only appear in Internet Banking and not appear on your statements.
Transfer money instantly between your Easy Saver and TSB current account.
Turn off paper statements. Quickly find what you are looking for - search your statements instantly. Cut down on paperwork by stopping your postal statements.

Financial compensation scheme Press to expand/collapse

Your eligible deposits with TSB are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme.

Your deposits with us are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.

In respect of deposits, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor's accounts with the bank including their share of any joint account, and not to each separate account.

For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website or call the FSCS on 020 77 414 100 or 08006 781 100 . Please note only compensation related queries should be directed to the FSCS.

Accounts with TSB Bank plc include accounts in all its divisions and under trading name TSB and TSB Business. An eligible depositor's £85,000 limit relates to the combined amount in all accounts with TSB Bank plc.