Training Example: TSB Bank – Review the Data, Give Your Score & Compare to the Real AI Evaluation

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[H1] £250 cashback? Sold!

We're rewarding TSB mortgage customers who buy a home with an EPC rating of A or B.
18+ and UK resident only. Subject to status and lending criteria. T&Cs apply*.

Find out more

Find the right mortgage

Find a current account

See our savings accounts

Get a personal loan

Help for money worries

Help & support

TSB joins Santander. There's nothing you need to do. You can continue to bank as normal. Want to know more? View FAQs

You might be interested in...

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Lock in a great rate for your savings

We've increased the interest rates on our Fixed Rate Cash ISAs and Fixed Rate Bonds. T&Cs apply**.

Find out more

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Apply for a loan from 5.9%

You read that right. Personal loans from just 5.9% APR representative on amounts between £7,500 - £25,000 over a 1 to 5 year term.
Subject to approval. 18+ UK resident. T&Cs apply

Find out more

Stay safe online: We will never contact you asking for your login details or link you to a web page that asks for personal information. Visit our fraud prevention centre
Bank of England: On 18 June 2026, the Bank of England announced no change to its base rate. Base rate remained at 3.75%. FInd out more.

[H3] Building your money confidence

Our experts answer your big questions to help you become more confident with your money every day.

See all articles

Manage

11th June 2026

Sending money abroad made simple

Sending money overseas doesn’t have to be a headache. Whether you’re helping family out, paying for tuition, or handling property stuff, it’s something millions of people do every year.

Borrow

11th May 2026

How long does it take to get a mortgage?

Buying a home can be a big step, and it’s normal to wonder how long the mortgage
process takes. Every buyer's journey is different, and how long it takes a mortgage to go through depends on your circumstances, your chosen lender, and the property you're buying.

Need extra support?

There may be all sorts of reasons you might need us to work with you differently. We're here to help.

Let us know

Got a question?

Trouble logging in or need help with your banking? Head to Help and Support for answers.

Get help

Want to chat?

Give us a call, or chat to us online and in the app using TSB Smart Agent.

Contact us

[H3] Independent service quality survey results
Published February 2026
As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,000 customers of each of the 17 largest personal current account providers if they would recommend their provider to friends and family. The results represent the view of customers who took part in the survey.

Find out more

[H3] Overall service quality
We asked customers how likely they would be to recommend their personal current account provider to friends and family.
Ranking

[IMG: PCA Overall Service Quality. 1 Monzo 82%. 2 Starling 77%. 3 Nationwide 75%. 4 First Direct 74%. 5 Chase 72% 14 TSB 53%.]

[H3] Authorised push payment (APP) scams rankings in 2024
Authorised push payment (APP) scams happen when someone is tricked into transferring money to a fraudster’s bank account. Information about TSB’s performance prior to the introduction of the reimbursement requirement in October 2024 can be found in PSR’s latest APP Scams Performance Report published in February 2026.

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[H4] Financial Services Compensation Scheme

We're covered by the Financial Services Compensation Scheme (FSCS). This means that any money you hold in a TSB account is protected up to a limit of £120,000 - so you won't lose out.

Find out more

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[H4] Is someone asking you to move your money?

Never transfer money to, or share passwords with, someone you don’t trust. This includes people online you’ve never met, too-good-to-be-true investments, and companies asking you to transfer funds directly to them.

Stay ahead of fraud

Important information
*£250 cashback is available to new mortgage customers buying a residential property with an EPC rating of A or B. Existing customers qualify when increasing borrowing to buy a new residential property with an EPC rating of A or B. Includes predicted ratings for new builds.
18+ and UK resident only. Subject to status and lending criteria.
**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.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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[H1] Personal loans

Whether it's for something special, or absolutely essential, our personal loans could be what you need.
Our lowest rate: 5.9% APR representative for loans between £7,500 and £25,000 for 1 - 5 years.

Get a personalised quote

[H2] Benefits of a TSB personal loan

[H3]
Get your money today

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It takes just 2 minutes to get a quote and you could have the money on the same day.*

Apply now for a TSB loan

[H3]
Know your rate before you apply

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We’ll give you a personalised quote without affecting your credit score.

See your rates

[H3]
Top-up your existing loan

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If you already have a loan with us but want to borrow more, then you could apply for another loan or top up the one you have.

Additional borrowing

[H2] Try our loan calculator
Our lowest rate is just 5.9% APR representative for loans between £7,500 and £25,000 for 1 - 5 years.
The representative APR is the Annual Percentage Rate of charge. You can use it to compare the overall cost of credit between different lenders.

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See what you could borrow

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Thinking of taking a loan to invest or buy cryptocurrency?

Taking out a loan to invest is high risk. Even if the investment opportunity is from someone you know, you could lose the money and still be responsible for repaying the loan. Our loans can not be used for investment purposes.

[H3] To apply online for a loan, you’ll need to:

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Be a UK resident

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Be over 18 and have a TSB current account, or over 21 if you don’t

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Be employed or have a regular income

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Earn at least £850 per month after tax

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Not have any recent CCJs, Credit Defaults or Bankruptcies, and be up to date with any TSB debts

[H2] Ready to get a personalised quote?

[H3] Existing customers can apply in the app
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It’s the quickest way to apply
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Simply log in, select ‘Loans’ and then ‘Apply now’

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Get a personalised quote and see your rate without affecting your credit score

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Apply in the app

Apply in the app

[H3] Or apply online
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Get a personalised quote and see your rate without affecting your credit score

I’m a new customer

I’m an existing customer

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If you prefer to apply in branch or over a video call, you can book an appointment in advance.

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[H4] Borrow well

If you’re looking to borrow money, read our guide to borrowing sensibly.

Read the guide on borrowing sensibly

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[H4] Fraudsters will often try to trick you into taking out a loan

If you’re applying today: to make an investment, to help the National Crime Agency or the police to catch a criminal, or to send money to someone, even someone you know, STOP!
These are common frauds and you may be about to become a victim. For help and support, please call our fraud team on 0800 096 8669.

Call us on 0800 096 8669

[H2] Have you thought about...

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Mortgage - additional borrowing

For existing mortgage customers

TSB mortgage customers can apply for additional borrowing if:
You’re looking to borrow £10,000 or more
You’ve made at least 6 payments since taking out your mortgage

Find out more

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Credit cards

For new and existing customers

Get 0% interest based on your personal circumstances
Cards to meet your needs - purchases or balance transfers
Keep track of your balance and make payments in the app or online

Find out more

Mortgages are available to UK residents over 18. Your home may be repossessed if you don’t keep up with your mortgage payments

[H3] Any questions?

[H3]
What can a TSB Personal Loan be used for?

[H3] You can use a loan for
Making a large purchase, like a car or electrical goods
Home furnishings or improvements
Travelling or going on holiday
Consolidating your debts
Other personal uses

[H3] You can’t use a loan for
Investing or speculative ventures, such as buying cryptocurrency, shares, or gambling
Paying a mortgage, service charge, ground rent, or putting down a deposit
Savings or paying household bills
Business purposes

[H3]
How do I repay my loan early?

If you have a TSB current account, the quickest and easiest way to make an early repayment on your loan is using the TSB app. Simply tap into your loan, select ‘Pay off Loan’ and follow the instructions on screen.
Don’t have a TSB current account? The best way to make an early repayment on your loan is to call us on 0800 111 4166. Alternatively, you can visit us in branch and we’ll be happy to help.
It’s important to know:
If you’re paying off your loan in full, we’ll send you a copy of your Early Settlement Quote by post. This quote shows the amount needed to close your loan, which may differ from your outstanding balance. This is because we may charge up to 58 days' interest on any full settlement
Any additional payments will be used to partially settle your loan. This means your normal monthly payments will continue, but the number of repayments and the amount of your final repayment may change
If you close your loan early and your monthly loan payment is due within 5 working days, the payment might still be taken. If this happens, we’ll return the funds to you within 5 working days

[H3]
Am I eligible to apply for a personal loan?

To apply for a loan, you’ll need to:
You must be over 18, or over 21 to apply online
Be a UK resident
Be employed or have a regular income
Earn at least £850 per month after tax
Not have any recent CCJs, Credit Defaults or Bankruptcies, and be up to date with any TSB debts
[H4] Already a TSB customer?
If you’re over 21 and have had a TSB current account for more than 3 months, the easiest way to apply is in the app or apply online. Alternatively, you can apply in a branch or by calling us on 0345 835 3861.
[H4] New to TSB?
If you haven’t had a TSB current account for more than 3 months, or are completely new to TSB, you can apply for a loan online if you’re over 21. If you're under 21, or would prefer to apply in a different way, you can visit a branch or call us on 0345 835 3861.
Please note that we don’t accept loan applications for:
Speculative ventures e.g. share purchase or gambling
Illegal purposes, e.g. drug related activities or racketeering
Business purposes
Refinancing of a loan arranged through the Student Loans Company
Purchasing or putting down a deposit on a property, timeshare or land
Retaining property rights (e.g. to repay an existing mortgage in full or to pay ground rent or service charges)
Savings
Paying household bills
These purpose exclusions apply whether the customer is looking to borrow money on their own behalf or to support a third party, e.g. a parent wishing to borrow money to provide a child with a property deposit must be declined.

[H3]
What is a loan repayment holiday?

Find out about personal loan repayment holidays and if you are eligible on our loan repayment holiday page.

[H3]
How much can I borrow and how long can I take to repay?

The amount you can borrow with a personal loan will depend on your personal circumstances, however we provide unsecured loans from £300 to £999, over 3-12 month loan terms, £1,000 to £25,000, over 1-7 year loan terms, or £25,000 to £50,000, over 1-5 year loan terms. We also offer Graduate Loans from £1,000 to £10,000, over 1-5 year loan terms.

[H3]
Do you offer a buy now, pay later loan?

Yes, we offer a buy now, pay later loan (also known as a deferred repayment loan). It’s available to existing TSB current account customers looking to borrow £1,000 or more.
The main perk of a buy now, pay later loan is that you have no repayments for the first 3 months. However, as interest is charged from when the loan is opened, you may end up paying more interest overall.
You can only apply for a buy now, pay later loan in branch or over a video call. To get started, book an appointment.
Our lowest rate is 5.9% Representative APR for loans between £7,500 and £25,000 for 1-5 years.

[H3]
How do I withdraw from my loan?

You have 14 days to withdraw from the agreement.
This right to withdraw will start on the day after you sign your loan agreement. If you do wish to withdraw from your loan during this time you must repay, no later than 30 calendar days after giving notice of withdrawal, the total loan amount (this is the amount we paid into your account) and the daily interest that we charge, both can be found on the Loan Agreement.
You can withdraw by calling us on 0800 111 4166 (8am to 6pm Monday to Friday, 8am to 2pm on Saturday. Closed Sundays) or by sending any notice to TSB Bank plc, PO Box 453, Mitcheldean, GL14 9LR.
If you want to talk to us about withdrawing from your loan more than 14 days after you've signed your loan agreement, please call us on 0800 111 4166 or visit your local branch.

[H3]
What happens if I can’t make a monthly repayment?

We pride ourselves on being a responsible lender so if you’re struggling to make your monthly repayments we have a range of options that may be able to help you. You may be able to request a payment holiday. Find out more about taking a Loan Repayment Holiday.

[H3]
Are there any fees and charges?

You can repay your loan early at any time in full or part
We may charge you up to 58 days interest on any full settlement you make
If you make any additional payments we will use these to partially settle your loan. This means that you will continue to make your normal monthly payments, but the number of your repayments and the amount of your final repayment may change

[H3]
Extra support to bank with us when you need it

There may be lots of different reasons you might need to bank with us differently, either in the short term, or on a continuing basis. It could be because of your physical or mental wellbeing, or because of a life event you’ve experienced. Whatever the reason, we are committed to tailoring our support to your personal needs.
If you choose to tell us about your individual support needs, we will take the time to understand your circumstances and work with you to make sure you have the support you need when banking with TSB. We can add a Support Indicator to your account, which means whenever you talk to us, we'll be aware that you may need tailored support.
Find out more about how we can support you.

[H3] Important information
*If you’ve held a TSB current account for more than 3 months and are approved before 6pm. Or the next day if not (excluding Sundays and bank holidays). Lending is subject to approval and the actual rate offered will depend on our assessment of your personal circumstances.
The representative APR is the Annual Percentage Rate of charge. You can use it to compare the overall cost of credit between different lenders.

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[H1] Bank accounts that suit you

Whether you’re opening your first ever bank account, getting set for college or university, or just looking for an everyday bank account, we have something for you.

View accounts

[H2] Compare our bank accounts

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Representative example based on assumed arranged overdraft of £1,200

39.90% Representative APR (variable) on Spend & Save and all unarranged overdrafts. 40.10% Representative APR (variable) on Spend & Save Plus accounts.

[H3] How does our overdraft compare?
A good way to compare the cost of our overdraft with other overdrafts or other ways of borrowing is to look at the APR. The APR shows the cost of borrowing for a year.

Student

No fee

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5% AER (variable)

on balances up to £500

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Up to £1,500 overdraft

Interest free. Subject to approval

See this account

Graduate

No fee

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Up to £2,000 overdraft

Interest free. Subject to application and approval

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Graduate loan

Borrow between £1,000 and £10,000. Subject to approval.

See this account

Under 19s

No fee

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2.5% AER variable

Interest on balances up to £2,500

See this account

Cash

No fee

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Available if you don't qualify for any of our other current accounts or you don't already hold a basic bank account in the UK

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No overdraft

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No cheque book

See this account

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[H3] Looking to switch?
As part of the Current Account Switch Guarantee, we'll work with your old bank to completely switch your bank account in just 7 days.
Start my switch

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[H3] Make it a joint account
If each person has their own TSB current or savings account, you can open a joint account in the app. Otherwise, book an appointment to see us in branch or over a video call.
Open a Joint account

[H3] Bank Account FAQs

[H3]
Supporting your access to cash

We partner with LINK and Cash Access UK to ensure our customers can easily access their cash.
Find the best way to withdraw cash
Use LINK's cash locator to find the best way to take cash out in your area.
Need better access in your community?
Find out about LINK and how they can improve access to cash in your community.
Explore ways to bank with TSB

[H3]
Which accounts can be joint accounts?

You can make almost any of our current accounts into a joint account, either by opening a new account or by adding someone to your existing one. The only accounts we have that can't be joint are our Under 19s, Student, and Graduate accounts. You also can't add someone to a Cash account if they already have a TSB account.

[H3]
What type of bank account can I switch?

Using the Current Account Switch Service (CASS) online you can switch a current account from another provider to us. Not all banks are participants of CASS. You can check if your current provider is a CASS participant before applying to switch to us here.
If you want to switch from a provider who isn’t a CASS participant or want to switch a savings account, we can still organise the switch for you but it can take a little longer. Applications to do this are available in a TSB branch. We recommend you book an appointment before visiting the branch. Please call our Telephone Banking team on 0345 975 8758 to book an appointment.

[H3]
Can I switch my joint account to TSB?

You can switch your joint Current Account from your old bank in to TSB providing that your new TSB Current Account is also a joint account. You can also switch your sole account into a joint account, however you can’t switch a joint account into a sole account.

[H3]
Can I switch my current account if I'm overdrawn?

We may be able to provide facilities to pay off any existing overdraft you may have, subject to our normal lending criteria. If you agree an overdraft limit with us it may not match that offered by your old bank. If you do not come to an agreement with us you will need to make separate arrangements to repay any balance owed with your old bank.
Please be aware your old bank is entitled to use any funds it receives in settlement of the debt on your old account.

[H3]
Can I use my old bank account during the switch?

Yes you can still use your old bank account up until day 6 of the switch. If you set up any new payment arrangements on your old bank during the switch these will not be transferred.

[H3]
Do I have to close my old bank account?

Your old bank will automatically close as part of the 7 day switching process. This ensures payments made to your old account can be redirected to your new account. If your old account is overdrawn or has pending transactions on the day the switch completes the account will stay open until the balance reaches zero.
If you want to keep your old account open you will need to do a partial switch. This can only be done in a TSB branch and will take longer than 7 working days. We recommend you book an appointment before visiting the branch. Please call our Telephone Banking team on 0345 975 8758 to book an appointment.

[H3]
What if I want to cancel the switch?

To cancel the switch completely, you need to let your new bank know at least 7 working days before your switch date. After that, only certain elements can be cancelled depending how far through the process we are.

[H3]
Do I need to contact my Payroll / Pension Company?

As part of the 7 day switch there is a redirection on your old bank account. This means credits to your old bank will be forwarded to your new bank within 24 hours. This includes debit card refunds however these can take a little longer. If you receive a credit after 3pm Friday, weekends or bank holidays these will be forwarded the next working day.

[H3]
Can TSB close my account?

From 28 April 2026, new rules about how and when we can close your account will apply.
In the unlikely event we need to close your TSB account, in most cases, we’ll let you know 90 days in advance why we’re closing and confirm any actions you need to take.
There are some limited situations where we can close your account with less notice and without a reason, these are detailed in the personal banking terms and conditions given to you when you open your account.

[H3] Protected by FSCS

The Financial Services Compensation Scheme (FSCS) protects up to £120,000 of your eligible money at TSB.

FSCS website

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[H3] FCA Service Quality Indicators

The Financial Conduct Authority requires us to publish the following information about our Personal Current Accounts.
Our service indicators

Important information
AER (variable) means Annual Equivalent Rate. AER (variable) illustrates what your interest rate would be if interest was paid and compounded each year. Gross rate is the contractual rate of interest payable before the deduction of income tax.
Account Opening is subject to our assessment of your circumstances.  You must be 18 or over and a UK resident to apply.  Interest paid monthly. Overdrafts are subject to application and approval and are repayable on demand. Text alerts are free but your mobile operator may charge for some services. Please check with them. We don’t charge for your use of Mobile Banking but your mobile operator may charge for some services, please check with them. Mobile Banking is available on most internet enabled mobile devices. Services may be affected by phone signal and functionality. You must be registered for Internet Banking. Terms and conditions apply.

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[H1] Find the savings account for you

Save for the short term, long term, for you, or your children. Whatever your goals are, compare our savings accounts to find the right one.

[H1] Find the savings account for you

Save for the short term, long term, for you, or your children. Whatever your goals are, compare our savings accounts to find the right one.

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Cash ISAs

Earn tax-free interest on your savings

Up to 4.10% Tax free/AER fixed (for a 2 year and 3 year Fixed Rate Cash ISA)
Save up to £20,000 each tax year, and earn interest tax-free

See cash ISAs

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Instant access

Dip into your savings whenever you need to

Up to 5.00% gross/AER fixed for 12 months (for a Monthly Saver)
Build your savings, and access it if you need to

See instant access

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Fixed rates

Save with a set interest rate for a fixed time

Earn 4.00% gross/AER fixed (for a 1 year, 2 year and 3 year, Fixed Rate Bond)
Save a lump sum at a fixed interest rate for your chosen amount of time

See fixed rates

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Save for a child

Put money aside for your child's future

Up to 3.15% Tax Free/AER variable (for a Junior Cash ISA)
Encourage children to start saving from a young age

See children's savings

You might be interested in...

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Looking to invest?

We've teamed up with Wealthify to offer our customers a range of simple, affordable investment accounts.

Learn more

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ISAs in a nutshell

Find out what ISAs are, what makes them tax-efficient, who can open one, plus more.

Learn more

[H3] Is your savings rate ending soon?

If you have a Fixed Rate Cash ISA or Fixed Bond savings account that’s coming to an end, then there are a few options that you can pick from.

Find out more about your options

[H2] Supporting access to cash
We partner with LINK and Cash Access UK to ensure our customers can easily access their cash.
Find the best way to withdraw cash
Use LINK's cash locator to find the best way to take cash out in your area.
Need better access in your community?
Find out about LINK and how they can improve access to cash in your community.

Explore ways to bank with TSB

[IMG: Cash Access UK and LINK logos]

[H3] Savings account FAQs

[H3]
What is a savings account?

Savings accounts are used to build up savings, either as a lump sum deposit or as a way of saving on a regular basis. The difference between a savings account and a current account is that savings accounts tend to pay a rate of interest which helps top up the money within the account.

[H3]
How do I earn interest on my savings?

By simply depositing cash into a savings account, it will start to accrue interest. Depending on the account, interest will be paid monthly, quarterly, or annually. Interest is calculated daily.

[H3]
What might happen to my interest rate if the Bank of England changes the Base Rate?

The ‘Base Rate’ is set by the Bank of England and is the interest rate that it charges on money lent to banks and building societies.  They review it regularly and it can go up or down.
Whether your interest rate could be affected by a change to the Base Rate will depend on what type of savings account you have – fixed rate or variable rate.
Fixed rate accounts won’t be affected – your interest rate won’t change.
Variable rate accounts could be affected – your interest rate might change.  That’s because we review the interest rates we offer on variable rate accounts regularly and the Base Rate is one of a number of things that we’ll take into account.  So if the Base Rate changes, we could decide to change our savings rates.  If we decide to lower your rate, we’ll tell you before this happens.

[H3]
What are your savings interest rates?

Please visit our savings rates page.

[H3]
What's an ISA?

An ISA (Individual Savings Account) is a tax efficient way to save or invest. Unlike other savings accounts you don’t pay tax on money held in an ISA, regardless of your balance or how much income tax you pay.
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.

[H3]
What is the Personal Savings Allowance?

Since 6 April 2016, you have a Personal Savings Allowance, which means your interest is paid gross (without taking off tax).
The Personal Savings Allowance is £1,000 for basic rate tax payers and £500 for higher rate tax payers. Additional rate tax payers do not receive a Personal Savings Allowance.
If you earn more interest than the Personal Savings Allowance, you may have to pay additional tax yourself.

[H3]
How do I add additional parties to my account?

If your savings account can be held in joint names, you can add additional parties at your nearest branch. You'll both need to go into a branch so that you can provide proof of identity and address in person.

[H3]
How do I remove a joint account holder from my account?

You can remove a joint account holder from a savings account by visiting us in branch or by booking a video call. Please bring along your account details and proof of identity.

[H3]
What is needed to open an account?

Please visit our helpful information page to find out what you need to open an account.

[H3]
How do I top up an existing TSB Cash ISA?

View our guidance on how to top up an existing TSB Cash ISA.

[H3]
How can I close my savings account?

Please refer to our close an account guide for further details on how to close.

[H3]
What is Save the Pennies?

Please visit our Save the Pennies page.

[H3]
Where can I find information about inactive accounts?

Please visit our inactive accounts page.

[H3]
Where can I compare the savings accounts?

Please visit our compare accounts page.

[H3]
Can I have a joint savings account?

If your savings account can be held in joint names, you can add additional parties at your nearest branch. You'll both need to go into a branch so that you can provide proof of identity and address in person. Visit our branch locator to find your local branch.

[H3]
How much should I have in savings?

This is entirely your choice, and you can start saving from as little as £1.

[H3]
Do savings accounts have a deposit limit?

Some savings accounts have limits, depending on the specific product. For further details, we suggest you review the individual summary boxes for each product.
The Financial Services Compensation Scheme (FSCS) protects up to £120,000 of your eligible money at TSB. For more information, please visit the FSCS website.

[H3]
Does having multiple savings accounts affect my credit score?

No, savings accounts are not credit scored in the same way as a current account and therefore you can have multiple savings accounts across multiple providers.

[H3]
How does the base rate affect savings-account interest rates?

Depending on whether the base rate goes up or down, this can affect variable savings rates. We do offer products that have a fixed rate of interest which are Fixed Bonds and Fixed Rate Cash ISAs.

[H3]
How do I open a savings account?

There are various ways/channels available to open a savings account, but each product has different conditions, so please review the product summary boxes for further details.

[H3]
What is AER on a savings account?

AER stands for annual equivalent rate, and this shows the percentage of interest the customer receives each year on their money.

[H3]
Do you pay tax on your interest?

You will typically pay tax on the interest earned, unless it is an ISA as ISAs are tax free. Interest is paid Gross (without taking off tax). Knowing how taxes affect the interest you earn on your savings is important. It's also helpful to learn about tax-free limits and accounts that can protect and grow your money. If you're a basic rate taxpayer, you can earn up to £1,000 tax-free with the Personal Savings Allowance. Higher rate taxpayers have a limit of £500.

[H3]
Who can open a savings account?

Most people over the age of 16 can open a savings account themselves. However, with some youth products, like our Young Saver account, we do require a parent/guardian to open the account. Each product is different, so please review the terms and conditions of the product you are looking to open for further detail. For ISAs, you need to be over the age of 18 to open.

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What is the Personal Savings Allowance?

This is the amount of interest you can earn each year across all accounts aside from ISA related products and essentially it covers the interest you earn across all banks and building societies, not just TSB. 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.

[H3] Financial Services Compensation Scheme

The Financial Services Compensation Scheme (FSCS) protects up to £120,000 of your eligible money at TSB. For more information, please visit the FSCS website.

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[H3] Need any help?

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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. Tax treatment depends on your individual circumstances and may change.
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.