TSB Bank — Current Accounts, Savings, Loans & Mortgages
TSB is a UK retail bank owned by Banco Sabadell, offering current accounts, savings, credit cards, personal loans and mortgages. It serves around 5 million UK customers from a large branch network. On Giraffy, TSB's live offers include the fee-free Spend & Save current account, a student account with a £1,500 interest-free overdraft, the TSB Easy Saver at 4.50% AER, personal loans from 7.0% APR and a 2-year fixed mortgage from 4.49%.
Live offers
- Spend & Save account
- Student bank account
- TSB Platinum Purchase Card
- TSB Mortgage
- TSB Easy Saver
| Owner | Banco Sabadell (Spanish) |
|---|---|
| Products | Current accounts, savings, credit cards, personal loans, mortgages |
| Current account fee | £0 a month (Spend & Save and Student accounts) |
| Easy-access savings | TSB Easy Saver 4.50% AER, up to £25,000 |
| Personal loan | 7.0% representative APR, £1,000–£25,000 over 1–5 years |
| Linked savings | Savings Pots 1.70%; Monthly Saver 5.00% fixed for 12 months on £25–£250 a month |
| Student account | £1,500 interest-free overdraft; 5.00% AER in credit on up to £500 |
| Deposit protection | FSCS — up to £85,000 |
| Best for | UK residents who want a straightforward high-street bank |
| Alternatives | Barclays, Lloyds, Nationwide |
Best for
- UK residents who want a traditional high-street bank with solid basics
- Students who want a £1,500 interest-free overdraft
- Savers with up to £25,000 who want instant access at 4.50% AER
Not ideal for
- Digital-first users — Monzo and Starling offer far better apps
- Borrowers chasing the lowest personal loan rate — several high-street banks list lower APRs
TSB current accounts
Giraffy lists two TSB current accounts, both with no monthly fee.
- Spend & Save: £0 a month, Visa debit card, up to 5 Savings Pots plus a linked Monthly Saver; arranged overdraft 39.9% EAR
- Spend & Save cashback: £5 in any calendar month with 20 or more debit card payments, for up to the first 6 months
- Student account: £0 a month with a fee-free overdraft of up to £1,500 and 5.00% AER on in-credit balances up to £500
- Both covered by the FSCS up to £85,000
Best for: Students who want a large interest-free overdraft from a high-street bank.
Compare bank accounts in TSB in United Kingdom: 6 live plans compared
TSB savings
The TSB Easy Saver is an instant-access account.
- 4.50% AER
- Instant access
- Balances up to £25,000
Best for: Savers who want instant access and keep under £25,000.
Compare savings accounts in TSB in United Kingdom: 6 live plans compared
TSB personal loans
TSB lends £1,000 to £25,000 over one to five years.
- 7.0% representative APR
- No early repayment fees
- Compare: Barclays lists 5.5% APR and Santander 5.7% APR on Giraffy
Compare personal finance in TSB in United Kingdom: 6 live plans compared
TSB mortgages and credit cards
TSB also lists a mortgage and a purchase credit card.
- 2-year fixed mortgage from 4.49% initial at 75% LTV, aimed at first-time buyers
- TSB Platinum Purchase Card: £0 annual fee, Mastercard, 24.9% representative APR; no balance transfers
Compare mortgages in TSB in United Kingdom: 6 live plans compared
TSB vs alternatives
TSB vs Lloyds
More products and branches. Lloyds is larger with more products. TSB competes on simplicity.
TSB vs Barclays
A cheaper personal loan. TSB vs Barclays: Barclays lists personal loans from 5.5% APR against TSB's 7.0% APR on Giraffy.
TSB in TSB in United Kingdom: 6 live plans compared — FAQ
What is the TSB Monthly Saver rate?
TSB lists its Monthly Saver, linked to the Spend & Save current account, at 5.00% fixed for 12 months when you pay in £25 to £250 each month. Spend & Save customers can also open up to 5 Savings Pots at 1.70%. For a lump sum, the TSB Easy Saver pays 4.50% AER with instant access on up to £25,000.
Does TSB pay cashback on its current account?
Yes, on Spend & Save: TSB pays £5 in any calendar month in which you make 20 or more debit card payments, for up to the first 6 months (unlimited on Spend & Save Plus). There is no monthly fee on the Spend & Save account.
Is TSB a good bank?
TSB is a UK retail bank with a straightforward product range. Compare with Nationwide and Santander on Giraffy.
What is the TSB savings account interest rate?
The TSB Easy Saver is listed on Giraffy at 4.50% AER with instant access on balances up to £25,000. Deposits are protected by the FSCS up to £85,000.
Does TSB charge a monthly fee for its current account?
No. The TSB Spend & Save account and the TSB Student account both have a £0 monthly fee. The Spend & Save arranged overdraft is 39.9% EAR, while the Student account has a fee-free overdraft of up to £1,500.
What is the TSB personal loan rate?
TSB lists a 7.0% representative APR for loans of £1,000 to £25,000 over 1 to 5 years, with no early repayment fees. The rate you are offered depends on your credit history.