TSB13899 Web

Savings Pot.
savings
Summary box
Account name Savings Pot
What is the interest rate? Interest rate with bonus (includes a fixed bonus of 1.51% Gross/1.52% AER (variable)
1.32% for the first 12 months)
Interest rate without bonus (applicable after 0.19% Gross/0.20% AER (variable)
12 months)
Interest is calculated each day and paid monthly.
Can TSB change the Yes. We can move the interest rate up or down at any time. Our Savings Pots terms and
interest rate? 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 and give you at least 14
days’ notice.
What would the estimated Based on a £1,000 deposit, with no deposits or withdrawals made from the account, and
balance be after 12 & variable interest rates remaining the same.
24 months based on a
Initial Deposit £1,000
£1,000 deposit?
Year 1 Interest earned at 1.51% Gross/1.52% AER £15.20
(variable) (includes a fixed bonus of 1.32% for the
first 12 months)
Estimated balance after 12 months £1,015.20
Year 2 Interest earned at 0.19% Gross/0.20% £2.03

AER (variable)
Estimated balance after 24 months £1,017.23
This is an example only and doesn’t take into account your individual circumstances.
How do I open and manage Ways to open A Savings Pot is opened automatically with a Spend & Save or
my account? Spend & Save Plus account. You can also open additional pots in the
following channels:
Mobile app
In branch
Who can open You must be:
18 or over; and
A UK resident; and
Have a Spend & Save or Spend & Save Plus account
How much money can £5,000 is the maximum that can be paid into your Savings Pot.
I put in my account? This excludes interest earned on the account.
Open with £1 minimum opening balance.
Manage your account Mobile app

In branch
Over the phone
Online
Can I withdraw money? Withdrawals allowed Yes, instant access.
Withdrawal charges No withdrawal penalties apply.
How to withdraw Transfer to the Spend & Save or Spend & Save Plus account linked to
your Savings Pot.
Summary box
Additional information Accounts can be held in sole or joint names, and will reflect the names on the Spend & Save or
Spend & Save Plus account linked to your Savings Pot.
Interest is paid gross (without taking off tax).
If you earn more interest than the Personal Savings Allowance, you may have to pay extra
tax yourself.
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.
Account can be closed at any time without charge by visiting a TSB branch or via the
mobile app.
You can have up to 5 Savings Pots per Spend & Save or Spend & Save Plus account.
Interest rates and interest calculations correct as at 2 September 2022.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each
year. Gross rate is the contractual rate of interest payable before the deduction of income tax. 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.
Need some extra help to do your banking? This might be due to physical or mental wellbeing or a life
event. We’re here to support you. Let us know what you need by calling 03459 758 758, chat to us in the
Mobile Banking App, or visit us in branch.
This information is available in large print, Braille and audio. Ask in branch or call us on 03459 758 758
(lines are open from 8am to 8pm, 7 days a week).
If you have a hearing or speech impairment you can call us using the National Relay UK service.
Type ‘18001’ before entering our telephone number. A member of the Royal National Institute for
Deaf People will join the call to speak with us as you send and receive text messages. Please visit
www.relayuk.bt.com to read how they manage your data.
If you need to call us from abroad, or prefer not to use our 0345 number, you can also call us on +44 203 284 1575. Calls may be
monitored or recorded.
TSB Bank plc Registered Office: Henry Duncan House, 120 George Street, Edinburgh EH2 4LH. Registered in Scotland No. SC95237.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation
Authority. Registration No. 191240.
TSB Bank plc is covered by the Financial Services Compensation Scheme and the Financial Ombudsman Service.
TSB13899 (09/22)

TSB13899 Web

Uploaded by

Copyright:

Available Formats

TSB13899 Web

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

TSB13899 Web

Uploaded by

Copyright:

Available Formats

Savings Pot.

Account name Savings Pot

Year 2 Interest earned at 0.19% Gross/0.20% £2.03

Manage your account Mobile app

Can I withdraw money? Withdrawals allowed Yes, instant access.

Withdrawal charges No withdrawal penalties apply.

Interest rates and interest calculations correct as at 2 September 2022.

You might also like