Savings Accounts
Start saving your way. Compare our different savings accounts and choose how you want to put money away.
How do you want to save?
Tell us how much you'll open your account with, and what you'll pay in over the next 11 months. We'll calculate what your balance could be after a year and show you how much interest you could earn.
Want to put money away for the future? We have a range of saving accounts that can help you do this. Think about whether you'll need to dip into your funds at some point in the next 12 months.
Are you putting something away for a child's future? If you want to save for someone under the age of 18, we have two options for you to consider.
Error: Please enter an amount between £1 and £5,000,000
How much do you want to open your account with? (initial deposit)
How much do you want to save?
Error: Please enter an amount between £0 and £5,000,000
How much do you want to pay in per month?
Do you want instant access to your money?
Based on what you told us and some assumptions, products for you to look at:
This result is an indication and should be used only as a rough guide.
Based on what you told us and some assumptions, products for you to look at:
This result is an indication and should be used only as a rough guide.
products for you to look at:
Select the type of savings account you need above or compare all savings accounts below:
Internet Saver
This savings account gives you 24/7 access to your money, and lets you manage your cash with our Mobile Banking App
You could save £ over a year including interest (initial deposit + 11 monthly payments). Our calculator will only calculate interest up to £1,000,000 on this account. This assumes you pay £ into the account on the day you open it and the additional funds are transferred from your previous ISA subscriptions 29 days later. With the monthly contributions you've entered, you would only be able to pay in for , to avoid exceeding your annual ISA savings allowance (£). You'd still earn interest on the amount you've saved over the full 12 months.
As you will have reached the ISA subscription limit for this tax year, if you have entered a monthly contribution, we have not included this in our estimation.
Includes a fixed bonus rate of 3.50% Gross for 12 months on balances up to £1m only
Internet Saver
This savings account gives you 24/7 access to your money, and lets you manage your cash with our Mobile Banking App
You could save £ over a year including interest. Our calculator will only calculate interest up to £1,000,000 on this account. This assumes you pay £ into the account on the day you open it and the additional funds are transferred from your previous ISA subscriptions 29 days later. With the monthly contributions you've entered, you would only be able to pay in for , to avoid exceeding your annual ISA savings allowance (£). You'd still earn interest on the amount you've saved over the full 12 months.
Includes a fixed bonus rate of 3.50% Gross for 12 months on balances up to £1m only
Instant Access Cash ISA
Save up to £20,000 (for the tax year 2023/24 - this is the combined limit for all ISA types), with the flexibility to make withdrawals when you need to. You can take money out and put it back later, without it counting towards your annual ISA allowance (if you replace the money in the same tax year it was withdrawn). Minimum deposit £1.
Unless we’ve said otherwise, the balance below is based on initial deposit + 11 monthly payments.
You could save £ over a year including interest. Our calculator will only calculate interest up to £1,000,000 on this account. You can only pay in £ in the 2023/24 tax year, any additional funds will need to be transferred from a previous ISA. With the monthly contributions you've entered, you would only be able to pay in for , to avoid exceeding your annual ISA savings allowance (£). You'd still earn interest on the amount you've saved over the full 12 months.
Includes a fixed bonus rate of 3.05% Gross for 12 months
Tax free info
Instant Access Cash ISA
Save up to £20,000 (for the tax year 2023/24 - this is the combined limit for all ISA types), with the flexibility to make withdrawals when you need to. You can take money out and put it back later, without it counting towards your annual ISA allowance (if you replace the money in the same tax year it was withdrawn). Minimum deposit £1.
You could save £ over a year including interest. Our calculator will only calculate interest up to £1,000,000 on this account. You can only pay in £ in the 2023/24 tax year, any additional funds will need to be transferred from a previous ISA. With the monthly contributions you've entered, you would only be able to pay in for , to avoid exceeding your annual ISA savings allowance (£). You'd still earn interest on the amount you've saved over the full 12 months.
Includes a fixed bonus rate of 3.05% Gross for 12 months
Tax free info
Junior Cash ISA
Our Junior Cash ISA is a simple way to save for your child's future (if they don’t have a Child Trust Fund). The money you save in the ISA belongs to the child, who can withdraw it when they reach 18. You can save up to £9,000 in the 2023/24 tax year (this is the combined total you can contribute to a Junior Cash ISA and a Junior Stocks and Shares ISA).
After 12 months, you could save £ including interest (initial deposit + 11 monthly payments). Our calculator will only calculate interest up to £1,000,000 on this account. This assumes you pay £ into the account on the day you open it and the additional funds are transferred from your previous ISA subscriptions 29 days later. With the monthly contributions you've entered, you would only be able to pay in for , to avoid exceeding your annual ISA savings allowance (£). You'd still earn interest on the amount you've saved over the full 12 months.
As you will have reached the ISA subscription limit for this tax year, if you have entered a monthly contribution, we have not included this in our estimation.
Fixed Rate Saver: 1 Year
After depositing between £2,000 and £5m within 30 days of opening your account, we'll give you a guaranteed interest rate for 1 year. Interest is paid to a separate account, and it's important to know that you can't make withdrawals during the 1 year fixed term. You can choose monthly or annual interest payments.
You could save £ over a year including interest. Our calculator will only calculate interest up to £1,000,000 on this account. This assumes you pay £ into the account and the additional funds are transferred from your previous ISA subscriptions.. With the monthly contributions you've entered, you would only be able to pay in for , to avoid exceeding your annual ISA savings allowance (£). You'd still earn interest on the amount you've saved over the full 12 months.
As you will have reached the ISA subscription limit for this tax year, if you have entered a monthly contribution, we have not included this in our estimation.
Monthly interest rates may differ from that shown.
Fixed Rate Saver: 18 Months
After depositing between £2,000 and £5m within 30 days of opening your account, we'll give you a guaranteed interest rate for 18 months. Interest is paid to a separate account, and it's important to know that you can't make withdrawals during the 18 month fixed term. You can choose monthly or annual interest payments.
You could save £ over a year including interest. Our calculator will only calculate interest up to £1,000,000 on this account. This assumes you pay £ into the account on the day you open it and the additional funds are transferred from your previous ISA subscriptions 29 days later. With the monthly contributions you've entered, you would only be able to pay in for , to avoid exceeding your annual ISA savings allowance (£). You'd still earn interest on the amount you've saved over the full 12 months.
As you will have reached the ISA subscription limit for this tax year, if you have entered a monthly contribution, we have not included this in our estimation.
Monthly interest rates may differ from that shown.
Fixed Rate Saver: 2 Year
After depositing between £2,000 and £5m within 30 days of opening your account, we'll give you a guaranteed interest rate for 2 years. Interest is paid to a separate account, and it's important to know that you can't make withdrawals during the 2 year fixed term. You can choose monthly or annual interest payments.
You could save £ over a year including interest. Our calculator will only calculate interest up to £1,000,000 on this account. This assumes you pay £ into the account on the day you open it and the additional funds are transferred from your previous ISA subscriptions 29 days later. With the monthly contributions you've entered, you would only be able to pay in for , to avoid exceeding your annual ISA savings allowance (£). You'd still earn interest on the amount you've saved over the full 12 months.
As you will have reached the ISA subscription limit for this tax year, if you have entered a monthly contribution, we have not included this in our estimation.
Monthly interest rates may differ from that shown.
Fixed Rate Saver: 3 Year
After depositing between £2,000 and £5m within 30 days of opening your account, we'll give you a guaranteed interest rate for 3 years. Interest is paid to a separate account, and it's important to know that you can't make withdrawals during the 3 year fixed term. You can choose monthly or annual interest payments.
You could save £ over a year including interest. Our calculator will only calculate interest up to £1,000,000 on this account. This assumes you pay £ into the account on the day you open it and the additional funds are transferred from your previous ISA subscriptions 29 days later. With the monthly contributions you've entered, you would only be able to pay in for , to avoid exceeding your annual ISA savings allowance (£). You'd still earn interest on the amount you've saved over the full 12 months.
As you will have reached the ISA subscription limit for this tax year, if you have entered a monthly contribution, we have not included this in our estimation.
Monthly interest rates may differ from that shown.
Fixed Rate Saver: 5 Year
After depositing between £2,000 and £5m within 30 days of opening your account, we'll give you a guaranteed interest rate for 5 years. Interest is paid to a separate account, and it's important to know that you can't make withdrawals during the 5 year fixed term. You can choose monthly or annual interest payments.
You could save £ over a year including interest. Our calculator will only calculate interest up to £1,000,000 on this account. This assumes you pay £ into the account on the day you open it and the additional funds are transferred from your previous ISA subscriptions 29 days later. With the monthly contributions you've entered, you would only be able to pay in for , to avoid exceeding your annual ISA savings allowance (£). You'd still earn interest on the amount you've saved over the full 12 months.
As you will have reached the ISA subscription limit for this tax year, if you have entered a monthly contribution, we have not included this in our estimation.
Monthly interest rates may differ from that shown.
Fixed Rate Cash ISA: 1 Year
Want to make a lump sum deposit and leave your money to grow tax free? In the first 30 days you can pay in up to £20,000 (for the tax year 2023/24 - this is the combined limit for all ISA types) and we reward you with a fixed interest rate. You can't withdraw any money during the fixed term unless you close the account and pay a fee.
You could save £ over a year including interest. Our calculator will only calculate interest up to £1,000,000 on this account. You can only pay in £ in the 2023/24 tax year, any additional funds will need to be transferred from a previous ISA. With the monthly contributions you've entered, you would only be able to pay in for , to avoid exceeding your annual ISA savings allowance (£). You'd still earn interest on the amount you've saved over the full 12 months.
Important information
Assumptions
Our tool gives you an indication of your balance, including the interest you’d earn a year (365 days) after opening the account. The results are an estimate and should only be used as a rough guide.
- Interest is paid on the balance each year, without tax deducted. We’ve shown the amount of interest as part of your total savings, but have not capitalised interest (paid interest on interest).
- Interest rates remain the same during the period, although these may be subject to change.
- For products with a bonus, this applies for the first 12 months only.
- Where you’ve input ‘how much you want to open your account with’, we’ve assumed that amount is paid to the account on the day you open it. If you’ve also entered monthly contributions, we’ve assumed there are 11 further contributions made on the same date each month, unless otherwise stated.
- For Cash ISAs, you can only pay up to the ISA allowance in each tax year. If you’ve input a balance that exceeds the ISA allowance, we’ve assumed the additional funds are transferred from a previous ISA and the transfer is requested on the day you open the account. If your monthly contributions will mean you exceed the ISA allowance in the year, then we assume you will pay up to the allowance.
- There are no additional deposits or any withdrawals during the period.
Gross is the interest rate paid before tax is deducted.
Annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and compounded each year. For our Fixed Rate Saver, interest is paid directly into a separate account of your choice and is therefore not compounded.
Internet Saver Account
The maximum daily limit for Internet Saver withdrawals is £10,000 to non-Tesco Bank accounts in the UK and £100,000 by making internal transfers to other Tesco Bank accounts in your own name. But if you want to withdraw more, you can call us and we'll be happy to help you.
Instant Access Savings Account
The maximum daily withdrawal limits for Instant Access Savings Accounts are as follows:
- Telephone: £100,000
- Online: £10,000 to non-Tesco Bank accounts in the UK and £100,000 by making internal transfers to other Tesco Bank accounts in your own name
- ATM: £300
Instant Access Cash ISA
The maximum daily limit for Instant Access Cash ISA withdrawals is £10,000 via online banking, no restriction by telephone.
Maximum daily withdrawal limits may change from time to time. We will notify you of these changes.
Fixed Rate Saver
With a fixed rate savings account, you get a higher rate of interest, but you can’t make withdrawals as you go along.
Your money has to stay in the account until the end of your chosen term. So make sure this suits your lifestyle and financial set up.
Fixed Rate Cash ISA
Make sure you’re comfortable with putting your money away for 12 months
The Tesco Bank Fixed Rate Cash ISA gives you a guaranteed interest rate for one year - but this means that you can't withdraw any money during the fixed term unless you close your account and withdraw all of the money.
If you close your account or transfer your money out of it during the fixed term, we'll charge you a fee equal to 90 days' interest on the balance of your account.
Who can access the money and when
The money in a Junior Cash ISA belongs to the child who can only withdraw it when he or she reaches age 18 – a great start to adult life.
No money can be withdrawn from the account until the child reaches age 18, but it can be transferred to another Junior ISA before the child reaches age 18.
So if you want to close your Tesco Bank Junior Cash ISA and transfer the balance to another provider, you just have to contact your new provider. They'll arrange everything with us using the ISA Transfer process.
The current rules for ISAs are subject to change by HM Revenue & Customs and the value of tax benefits depends on individual circumstances.
What you can transfer
You can transfer ISA subscriptions (money paid in) without losing your tax free benefit. You can transfer subscriptions in the following ways:
- Between ISA providers
- Between different Tesco Bank Cash ISA accounts
- Between Cash ISAs, Stocks and Shares ISAs, Junior ISAs and other eligible types of ISA (please note: some types of ISA have restricted terms)
- To ensure your interest payments remain tax free, you need to transfer your funds using the ISA transfer process (this process is offered by Tesco Bank and most other providers)
You can transfer:
- All of your current year’s subscriptions to a Cash ISA, Stocks & Shares ISA or other eligible types of ISA. You can then make further subscriptions to your new ISA in the same tax year, as long as you don't exceed your annual allowance
- All or part of any subscription made in previous tax years.
- You can only subscribe to one of each type of ISA (e.g. Cash ISA, Stocks and Shares ISA) in a tax year; however, you can hold more than one of each type of ISA as long as the subscriptions were made in different tax years.
- If you have previously subscribed to a Cash ISA in the year but subsequently transferred your money to a different type of ISA, you will still be able to use any remaining ISA allowance up to the annual tax-free allowance of £20,000.
For Junior ISAs, you can transfer:
- All, but not part, of the funds saved in an existing Junior Cash ISA to a new Junior Cash ISA
- All or part of the funds in a Junior Cash ISA saved in a previous tax year to a Junior Stocks and Shares ISA
- All of the money held in a Junior Cash ISA to a Junior Stocks and Shares ISA, then a new Junior Cash ISA can be opened
Other providers may have restrictions on transfers, so you should always check this with them before transferring money to another provider.
How to transfer an existing ISA to Tesco Bank
New customers should complete an application either online or by calling us on 0345 678 5678, and we can begin the transfer process during the application. This number may be included as part of any inclusive call minutes provided by your phone operator.