Is TSB right for me?
Important: This guide provides general information, not personalised financial advice. Financial products, rates and eligibility rules can change, so check the provider’s current terms before applying. You can check a firm’s details on the FCA Register.
FSCS protects eligible deposits up to £120,000 per person, per authorised institution.
Quick answer
TSB could suit you if you want branches plus an app, use your debit card often enough to earn £5 a month cashback, and can save £25 to £250 a month in the 5.00% Monthly Saver. It’s less likely to fit if you want a switch bonus or a strong easy-access rate.
TSB at a glance
| Question | What we found |
|---|---|
| Monthly fee? | £0 (Spend & Save) or £3 (Plus) |
| Cashback? | £5 a month with 20+ card payments |
| Regular saver? | 5.00% fixed, £25–£250 a month |
| Branches? | Yes |
| Switch bonus? | None seen on 4 October 2026 |
Figures as of 4 October 2026, taken from the provider’s own website. Rates and fees can change. This is general information, not a recommendation.
Who it’s for
- You make 20+ debit card payments a month
- You want a regular saver
- You value branch access
Who should skip it
These are general points to weigh up, not advice. You may want to look elsewhere if:
- You want a switch bonus
- You keep large sums in easy access
Full explanation
Count how many card payments you make in a typical month. If it’s 20 or more, the cashback could be worth up to £30 on Spend & Save over six months.
The catch
Spend & Save cashback lasts six months; Plus costs £3 a month.
Read the full TSB page or check TSB’s site.
These go straight to each provider’s own website. They aren’t referral links and we don’t earn from them.
FAQs
Is TSB good for regular saving?
Its Monthly Saver paid 5.00% fixed for 12 months on up to £250 a month, as of 4 October 2026.
Does TSB have an app?
Yes, with Savings Pots, round-ups and card controls.
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