Which banks offer better savings accounts than TSB?

Assuming you mean TSB UK, yes—there are currently several savings accounts paying more, particularly if you want easy access.

As of 25 September 2026, TSB's standard easy-access accounts are relatively low: its Easy Saver/eSavings start at 1.00% AER, while its Save Well Limited Access pays 3.00% AER. TSB's Monthly Saver is more competitive at 5.00% fixed, but you're limited to £25–£250 per month and need a TSB current account.

Current alternatives

Provider/account	Rate	Access/limit	Compared with TSB
Spring (Paragon Bank)	5.00%	Easy access, up to £5,000	Higher
Zopa	4.56%	Easy access, up to £50,000	Higher
Kent Reliance	5.06%	1-year fixed

These are among the current market-leading examples identified by MoneySavingExpert and Moneyfacts; rates and conditions can change quickly.

The important distinction is what you're saving for. If you have, say, £10,000 sitting in TSB's ordinary Easy Saver, moving it to a competitive easy-access account could make a substantial difference. If you're willing to lock the money away, fixed-rate accounts can pay more.

If you tell me roughly how much you have to save (e.g. £5k, £20k, £50k) and whether you need instant access, I can compare the best current UK options and estimate exactly how much more interest you'd earn.

Sources cited in this answer4

Assuming you mean TSB UK, many savings accounts currently pay more than TSB’s standard easy-access savings. TSB’s basic easy-access/eSavings accounts are around 1.00% AER (variable) for many balances, while some competitors offer materially higher rates.

Some alternatives to compare:

Bank / provider	Account type	Why it may be better than TSB
Chase UK	Easy-access saver	Often competitive for instant access; good app experience
Santander UK	Savings accounts / ISAs	Can have competitive promotional rates
Nationwide Building Society	Saver accounts / ISAs	Strong branch network and sometimes competitive member rates
Coventry Building Society	Easy-access and fixed savings	Frequently competitive in savings tables
Yorkshire Building Society	Easy-access and fixed savings	Often appears among higher-paying savings providers
Marcus by Goldman Sachs	Online savings	Simple online account, no branch requirement
Atom Bank	Fixed and saver accounts	Often competitive for fixed-term savers

Which?A few things to check before switching:

Access: Do you need instant withdrawals, or can you lock money away?
Bonus rates: Some accounts pay a high introductory rate that later drops.
FSCS protection: Make sure deposits are covered (normally up to the UK limit per banking licence).
Tax: If you have a large balance, a Cash ISA may be useful because interest is tax-free within ISA rules. TSB’s own ISA range includes fixed and limited-access options with higher rates than its basic saver accounts.

If you tell me:

how much you want to save (e.g., £5k, £50k, £100k),
whether you need instant access, and
whether you mean TSB UK or another TSB,

I can narrow it down to the best matches.

Sources cited in this answer4

Assuming you mean TSB UK, there are several banks and building societies that can offer better savings rates, depending on whether you want easy access, a fixed-term account, a cash ISA, or a regular saver. TSB’s current savings range includes accounts such as its Easy Saver/eSavings at lower variable rates and a 5% AER Monthly Saver (but that requires a TSB current account and has a £250/month limit).

Some alternatives that have recently offered higher rates include:

Provider	Account type	Approx. rate available	Best for
Chase UK	Easy-access saver	Around 4.5% AER (including bonus terms)	Flexible savings
Cahoot	Easy-access saver	Around 5% AER on qualifying balances/terms	Higher return while keeping access
Shawbrook Bank	Fixed-term savings	Around high-4% to about 5% depending on term	Money you won’t need soon

Moneyfactscompare Which?### Which one is likely better than TSB?

You have a large lump sum (£5,000+) and want access anytime: look at high-rate easy-access accounts such as Chase or Cahoot.
You can lock money away for 1–5 years: fixed-rate accounts from providers such as Shawbrook or other savings specialists may beat TSB.
You’re saving a little each month: a regular saver from Santander, Lloyds, or similar may offer the highest headline rate, though limits are usually low.
compare cash ISAs; some providers have offered rates above typical easy-access savings.

Before switching, check:

whether the high rate is a temporary bonus
minimum deposits and withdrawal restrictions
FSCS protection eligibility
whether you already use TSB perks (e.g., current account benefits)

If you tell me how much you want to save (e.g., £1,000, £10,000, £50,000) and whether you need instant access, I can narrow it down to the best options.

Sources cited in this answer4

If you mean TSB UK, then yes — there are currently better options, particularly if you want an easy-access savings account.

As of September 2026, TSB's standard easy-access accounts are relatively weak: its eSavings/Easy Saver start at 1.00% AER, while its Save Well Limited Access account pays 3.00% AER but reduces the rate substantially in months when you withdraw. TSB's 1–3 year fixed bonds are 4.45% AER.

Better alternatives

Bank/account	Current rate	Access	My take
First Active Instant Access	4.55%	Easy access	⭐ Strongest easy-access option
Cahoot	4.52%	Easy access	⭐ Very competitive
Chase UK	4.50%	Easy access	⭐ Excellent mainstream option
Tesco Bank	4.40%	Easy access	Good alternative
TSB Save Well	3.00%	Limited access	❌ Poorer than the above

The latest comparison I found puts First Active at 4.55%, Cahoot at 4.52%, Chase at 4.50% and Tesco Bank at 4.40%.

So if you have, say, £10,000 sitting in TSB, moving from 1% to 4.5% could mean roughly £350 more interest per year before tax. Even moving from TSB's 3% Save Well account to 4.5% would add about £150/year.

One important distinction: TSB's 5% Monthly Saver is actually competitive, but it's only for £25–£250 per month and requires a TSB current account.

If you tell me how much you have saved (£5k, £10k, £50k, etc.) and whether you need instant access, I can compare the best 5–10 UK savings accounts for your exact situation, including Cash ISAs and fixed-rate accounts.

Sources cited in this answer3

Assuming you mean TSB UK, there are several banks and building societies that can offer better savings rates, depending on whether you want easy access, a regular saver, or a fixed-term account. TSB’s top savings rates are around the 5% AER mark for some products, but many alternatives compete or beat it in specific categories.

Better alternatives to TSB (by savings type)

Provider	Account type	Approx. rate available	Why it may be better
Santander UK	Regular Saver	Up to ~8% AER	One of the strongest regular saver rates (usually with monthly deposit limits)
Lloyds Bank / Bank of Scotland	Regular Saver	Up to ~8% AER	High rate if you meet account requirements
Nationwide Building Society	Regular Saver	Around 6.5% AER	Good option if you prefer a building society
Virgin Money	Easy-access savings	Around 5% AER in some offers	Competitive if you need access to your money
Cahoot	Easy-access savings	Around 5% AER (often capped/bonus-based)	Strong easy-access option for smaller balances
Shawbrook Bank	Fixed-rate savings	Around 5%+ AER on some terms	Better if you can lock money away
Chip	Easy-access savings	Around 5% AER in some offers	App-based savings with competitive rates

Which is likely best depends on your situation

You need instant access to the money: look at easy-access accounts such as Virgin Money, Cahoot, Chip, or similar high-rate providers.
You can save a fixed amount each month: regular savers from Santander, Lloyds, Halifax, First Direct and others often beat standard savings accounts, though they usually limit how much you can deposit.
You won’t need the money for 1–5 years: fixed-rate bonds may pay more, but you lose flexibility.

If you tell me:

how much you have saved (e.g., £1,000, £10,000, £50,000),
whether you need instant access, and
whether you’re in the UK and want a bank with branches,

I can narrow it down to the best options for you.

Which banks offer better savings accounts than TSB?

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