Compare TSB ISAs
Compare ISAs from TSB and other ISA options available.
Investment ISAs put your capital at risk & you may get back less than you originally invested
- Fund Choice: Access 40,000+ UK, US and international shares on 17 global exchanges. Choose from over 3,000 funds
- Invest From: £25 pm
Why we like it: An award-winning ISA that gives you complete control. The second largest platform in the UK with the widest choice of investment options in the market including funds, investment trusts, ETF’s and more. Open online in less than 10 minutes. Access to expert independent ideas and analysis. Low cost fees and trading. Capital at risk.
- Fund Choice: Offering commission-free DIY investing from a choice of 700 ETF's, or low-cost professionally managed income or growth portfolios built for you
- Invest From: £100
Why we like it: Make the most of the world’s best ETFs commission free. Build your own portfolio commission free or leave it to our experts for just 0.25%. Zero‑ISA fees. Choice of 700+ ETFs. Low cost, diversified, index-tracking of stock markets, bonds and commodities. DIY or Managed. ETF costs apply. Capital at Risk
- Fund Choice: Over 12,500 investments, or a choice of five managed funds
- Invest From: No minimum
Why we like it: Take charge of your investment decisions and invest from just £1 to build your investment portfolio from over 12,500 investments, from stocks and shares, funds, ETFs and more. Low platform fee is a maximum 0.30%. Alternatively choose an expertly managed portfolio by selecting from a range of five actively managed funds that most closely matches your investment objectives and risk appetite with an annual review to ensure to ensure your money is being managed in a suitable investment strategy. Advice is restricted to Charles Stanley Direct’s in-house funds and is subject to a minimum investment £20,000. Capital at risk.
- Fund Choice: Nutmeg offer 5 investment styles with ETFs, using technology to keep charges low
- Invest From: Min. £500
Why we like it: Get a stocks & shares ISA portfolio – Choose one of five investment styles, either fully managed by Nutmeg’s expert team or a fixed allocation portfolio. No tie-ins, no set-up fees, no exit charges. Easy, online set up. Start with as little as £500. Portfolio management fees of 0.45%-0.75% up to £100k. 0.25%-0.35% beyond £100k. There are also underlying investment charges, see the fees page. Plus, live chat, amazing customer support and brilliant investor tools and guides. Nutmeg are regulated by the FCA & are covered by the FSCS. ISA eligibility and tax rules apply. Capital at risk. Approved by Nutmeg 09/08/2024
- Fund Choice: Invest in over 2,000 funds, shares and more across 25 markets
- Invest From: £25 pm
Why we like it: Invest in over 2,000 funds, shares and more across 25 markets. Invest from £25 per month. Which? Recommended Provider for Investment Platforms 2019–2023. Low-cost online dealing from £3.50. Open your account in minutes from app or website, manage your portfolio on the move. FSCS protected. Capital at risk
- Fund Choice: 10 managed portfolios to choose from. Choose your risk profile and have an investment Plan built and managed for you
- Invest From: £1
Why we like it: Choose your level of risk from cautious to adventurous and have a plan expertly created and managed for you. Create multiple Plans – including Ethical Plans – with different risk levels. Invest as little or much as you like, add regular payments and top up whenever you like. Withdraw money or transfer out without notice or penalty fees. Wealthify app lets you check how your Plan is performing, manage your transactions and provide investment news and insights. Simple annual management charge of 0.6%
- Fund Choice: Invest in the Shepherds With Profits Fund which offers medium to low risk investing, with the aim of growing your money in a smooth manner over the long term
- Invest From: £30 pm
Why we like it: You don’t have to make any tricky investment decisions; your money will be invested in Shepherds With Profits Fund, and the bonuses you could receive will depend on the future performance of the fund. To try to achieve higher returns for you, your money is invested in a variety of assets, the majority of which consist of stocks and shares, but also property, bonds and cash. While returns are not guaranteed in stocks and shares investments and the value can go down as well as up, Shepherds apply a process known as ‘smoothing’ that attempts to even out fluctuations in the value and aims to keep a consistent level of bonus payments. Capital at risk.
- Fund Choice: Choose from a range of 36 funds and ETFs and 20 US stocks. Select one of three simple starting options with a range of tracker funds or build your own investment portfolio by customising your investment options
- Invest From: £1
Why we like it: Choose from a range of 36 funds and ETFs and 20 US stocks to invest with Moneybox. Earn 3.5% AER Variable on any uninvested cash you hold. There are additional fees charged directly by the fund provider. Please check the key investor information document (KIID) for a particular fund for more information. Keep things simple and get started with one of our three starting options: Cautious, Balanced or Adventurous – and customise your investments to align with your values. Open with as little as £1. When investing, your capital is at risk
- Fund Choice: Choose from over 3,000 funds, shares, investment trusts and more to build your portfolio
- Invest From: £25 pm or £100 lump sum
Why we like it: Hargreaves Lansdown are the UK’s no. 1 investment platform for private investors – kickstart your investing with their award-winning ISA. Choose your own investments with expert research and ideas to help you, or simply pick a ready-made portfolio. Manage via website, app or phone. Capital at risk.
- Fund Choice: TILLIT filter the market and select the best-in-class active and passive funds across asset classes, regions and styles
Why we like it: Let Tillett filter the market for you. From well-known classics to trailblazers and wildcards. No one needs 5,000 funds. Get breadth and variety, without the choice paralysis
- Fund Choice: Invest in 6,100+ US, UK & European stocks & ETFs commission-free
- Invest From: £2
Why we like it: Commission-free investing: No fees for buying or selling stocks (other charges may apply). Support: Fast and friendly customer support. A wide range of investments: 6,100+ US, UK, and European stocks, ETFs, and investment trusts. Low monthly fees: From £4.99/month. Capital at risk. Other charges may apply
- Fund Choice: Allocate your savings between a cash money market fund from L&G and investment shares fund from Fidelity
- Invest From: £10
Why we like it: App based stocks & shares ISA account. Choose to allocate your contributions between the two funds on offer in whatever proportion you choose: a shares fund (Fidelity Global Index fund) which aims to track the performance of global stock markets and therefore large companies such as Amazon, Facebook, Google and Johnson & Johnson, and a cash fund (Legal & General Cash Trust fund) which aims to provide returns in line with money market rates. Annual fee of 0.5% on the value of any investments. Two funds with their own management fees of between 0.12% and 0.15%. Change your allocation at any point. Option to opt into Round ups – collected from your bank by direct debit on a weekly basis and invested in line with your investment allocation
- Fund Choice: Invested in a single fund - the Unitised With-Profits fund. A mixed managed fund from Scottish Friendly where premiums are pooled with those of other clients and returns are linked to the performance of the underlying assets within the fund
- Invest From: £10 pm o r £100 single
Why we like it: Invest from only £10 a month, lump sums from just £100 or a combination of both using your tax-free Investment ISA allowance. You can stop, restart, raise or lower your payments or your investments and cash in whenever you want. When you set up a My MoneyBuilder Select (ISA), your money will be invested in a single fund – the Unitised With-Profits fund. A mixed managed fund from Scottish Friendly where premiums are pooled with those of other clients and returns are linked to the performance of the underlying assets within the fund. Remember the value of investments can go down as well as up, and you could get back less than you’ve paid in. If you cash in before the end of 5 years there will be a £50 deduction from your cash-in value.
- Fund Choice: Choose your risk profile and have it matched to an investment portfolio expertly built and managed.
- Invest From: £1,500
Why we like it: Answer questions about your goals, financial situation and attitude to risk, and Moneyfarm will recommend the right ISA portfolio for you, built and managed by experts to help your money grow. You’ll always be invested in a portfolio that’s suitable for you, and you can manage this through the Advice Centre. See what you’re invested in, how you’re performing and how much you’re paying anywhere and any time with the Moneyfarm app. Add money to your ISA by setting up a direct debit, investing a lump-sum, or by transferring old ISAs for free. Capital at risk.
- Trade From (frequent trader rate): £3.00
- Trade From (standard trader rate): £8.00
Good to know: Pay zero commission on US share trades, and just £3 on UK share trades, when you trade three or more times a month with IG. No admin or transfer fees. Custody fee of £24 per quarter, charged if you hold share dealing or ISA assets at the end of the quarter. Capital at risk. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider
- Fund Choice: Choose from over 4,000 investment options, including one of the widest fund ranges in the UK. With online guidance tools and expert fund ideas to help you choose
- Invest From: £25 pm
Why we like it: This award-winning ISA has an extensive range of investment options, including thousands of funds and shares, plus a guidance service to help you find investment ideas. There is a low service fee (typically 0.35%), easy online application process and apps to manage your money on the move. Additional charges apply depending on your choice of investments. Plus, everything is backed by Fidelity’s 50 years of investment experience. Boring Money Best Buy ISA 2023
Who are TSB?
TSB are a popular retail and commercial bank in the UK. The TSB name derives from Trustee Savings Bank, a company in its own right prior to merging with Lloyds in 1995. In 2015, they were acquired by Banco Sabadell of Spain.
TSB offer various banking and financial services, and still operate local bank branches across the company. ISA accounts, specifically Cash ISAs, are among the various financial products they offer to their customers.
What is a TSB ISA?
A TSB ISA account is a completely tax-free savings account.
There are two main types of ISA accounts:
- Cash ISAs
- Stocks and Shares ISAs
TSB’s ISA is a Cash ISA, and they don’t currently offer a Stocks and Shares ISA product.
Cash ISAs provide investors with variable or guaranteed interest rates on their savings in a tax-efficient wrapper.
What are the tax benefits of a TSB ISA?
All ISA accounts are 100% free from tax.
As TSB ISAs are Cash ISAs, this means you don’t have to pay tax on the interest your ISA earns.
In a normal savings account, you have to declare the interest you earn if it’s over your annual allowance, and depending on your other income sources you could be required to pay tax on these savings.
But if you invest in a Cash ISA, you never need to worry about declaring your interest or paying tax on it. Even when you withdraw your funds, you don’t have to pay tax.
What is a TSB Cash ISA?
While Stocks and Shares ISAs give you access to invest in the stock market, your money is always kept as cash in a Cash ISA.
This means that your ISA cannot fall in value and you’ll always get back at least what you originally invest (provided you don’t incur any early withdrawal charges if applicable).
What are the different types of TSB Cash ISAs?
TSB offer a few different types of Cash ISAs, and they vary in the interest they pay and the flexibility of your investment withdrawals.
- Instant access Cash ISAs offer lower interest rates but allow you to access your funds for withdrawals at any time, free of charge. These are great for flexible investing.
- Flexible rate Cash ISAs offer better interest rates than instant access ISAs, but you are penalised for withdrawals. You usually lose the month’s interest that you withdraw in, so they’re not as flexible.
- Fixed-rate Cash ISAs provide the best interest rates out of all of TSB’s Cash ISAs. However, you are locked into a fixed term of 18 or 24 months. If you withdraw before the end of your term, you will incur more significant charges and it could outweigh the preferable interest rates you were getting.
What are the Cash ISA rules?
Here’s a list of the key rules to be aware of before you invest in a TSB Cash ISA:
- You can only invest up to £20,000 in the current tax year in ISAs
- This annual allowance includes any Stocks and Shares ISA contributions you make too
- You can have multiple Cash ISAs, but you can only add money to one Cash ISA per tax year
- You cannot have a joint Cash ISA, and nobody else can put money into your ISA
- You may be charged for withdrawing depending on the type of interest your Cash ISA offers (see above)
- You can transfer ISAs between providers and it won’t count towards your ISA allowance
- Your ISA allowance doesn’t roll over, so you lose any of your allowance you don’t use
- Your allowance refreshes every tax year, but HMRC sometimes changes the annual allowance
Who can open a TSB ISA account?
Anybody can open a TBS Cash ISA as long as they are over 18 and a UK resident.
How do I open a TSB ISA account?
The quickest and easiest way to open a TSB Cash ISA is online through the website. You can open an account in a matter of minutes, and you’ll just need to supply some basic personal information and make a contribution.
You can make your contribution either via a debit card payment or by setting up a Direct Debit regular payment.
Frequently Asked Questions
How much can I contribute to an ISA?
The annual ISA allowance is set by HMRC each year, and the current limit is £20,000 per person for the 2023/24 tax year.
When does the ISA tax year run to?
The annual ISA allowance runs in line with the normal tax year, which is 6th April to 5th April the following year. Your ISA allowance will refresh on 6th April each year.
Are ISA accounts safe?
ISA accounts are authorised and regulated by the Financial Conduct Authority (FCA). This means that all ISA providers are covered by the Financial Services Compensation Scheme (FSCS) for up to £85,000 if they go out of business.
Please note that this may not apply to the underlying holdings within a Stocks and Shares ISA, and will not cover standard investment losses.
Can I lose money in an ISA?
You can lose money in a Stocks and Shares ISA if your investments go down in value. You cannot lose money with a Cash ISA.
Am I committed to one ISA provider forever?
No. You can switch providers with an ISA transfer if you wish. You can also contribute to other ISA providers in separate tax years.
Can I withdraw money from an ISA?
For Cash or Stocks and Shares ISAs, yes, although some Cash ISAs may charge a fee or void your interest if you surrender your policy before the fixed term has ended.
How long does it take to withdraw from an ISA?
Most ISA withdrawals will complete in approximately five working days, but they could take longer depending on the assets you need to sell.
Will I be charged for an ISA?
A Stocks and Shares ISA provider will charge an ongoing, annual platform fee as well as some ad hoc charges.
A Cash ISA could also charge if you withdraw money before the end of a fixed-term investment.
How much can I contribute to an ISA?
The annual ISA allowance is set by HMRC each year, and the current limit is £20,000 per person for the 2023/24 tax year.
What happens to my Stocks and Shares ISA when I die?
Your ISA is treated in the same way as any other investment asset and will be subject to Inheritance Tax if your estate is liable.
When does the ISA tax year run to?
The annual ISA allowance runs in line with the normal tax year, which is 6th April to 5th April the following year. Your ISA allowance will refresh on 6th April each year.
Will I be charged for an ISA?
A Stocks and Shares ISA provider will charge an ongoing, annual platform fee as well as some ad hoc charges.
A Cash ISA could also charge if you withdraw money before the end of a fixed-term investment.