Getting started with your Tide Instant Saver Account

If you already have a Tide Instant Saver, scroll down and learn:

How to set up and manage your savings account – choosing a nominated account, topping up, withdrawing, and accessing statements

How interest works – when it’s calculated and paid, thresholds and limits, and how plan changes affect your rate

Extra options and account changes – subscribing to the Instant Saver Boost, and closing the account

If you don't have one yet, see how to get it and explore the benefits over on this page.

Step 1: Choose your Nominated Account

To keep things secure, only your Nominated Account can send money to or from your Tide Instant Saver.

Tide Account Holders

If you've got an active Tide account already, it will be your Nominated Account by default and you can't choose a different one. Transfers between your main Tide account and your Tide Instant Saver are free.

Open Access members

If you don't have a Tide account, you can open a Tide Instant Saver through Open Banking. You'll need to link a UK business current account that's in your business' name, and in GBP, during the onboarding. Transfers between your other bank account and your Tide Instant Saver are 20p each. If you'd like to change your Nominated Account in the future, tap the 'Support' icon in the top right corner of your app and we'll help you with that.

Step 2: Top up your Tide Instant Saver

If your Nominated Account is your main Tide Business Current Account

In the app, tap: Finance > Tide Instant Saver > Deposit. or On the web, head to: Tools & Services > Tide Instant Saver > Deposits.

If your Nominated Account is from another bank

Just make a payment to your Tide Instant Saver like you would from that account normally.

Step 3: Earn interest

Interest is calculated daily on your cleared balance at midnight.

It’s paid into your account by 9am on the first day of each month.

If your account has an interest threshold, you’ll earn interest only on the balance up to that limit. For example, if the threshold is £75,000 and your balance is £80,000, only £75,000 will earn interest.

Your Tide Instant Saver earns variable interest, which means the rate can go up or down with the market. You can check the current rate in our Terms & Conditions.

How to subscribe to the Tide Instant Saver Boost

If you're on our Max plan, you can subscribe to the Tide Instant Saver Boost and earn a preferential interest rate on Instant Saver balances above £1,000,000.

It’s £99.99 (no VAT applies*) per month, in addition to your Max subscription.

To subscribe in the app

Tap your initials in the top-left corner, then: Profile and Settings > Membership > Boosts > View all Boosts.

To cancel your subscription

Follow the same steps and the cancellation will become effective from the beginning of next month. You’ll keep earning the preferential rate until the end of the month you cancel.

For full details, see the Tide Instant Saver Boost Summary Box.

* From 01 October 2025, VAT no longer applies to the Tide Instant Saver Boost, Construction Cashback Boost, our Paid Plans and Expense cards – so it won’t be charged. However, you might continue to see it in-app and on the web by 01 November.

Step 4: Withdraw your savings when you need to

In the app, tap:

Finance > Tide Instant Saver > Withdraw

If you're on Tide on the web, head to:

Tools & Services > Tide Instant Saver > Withdraw

You won’t lose interest on the money you withdraw before the end of the month, but it won’t continue to earn interest after that. You'll receive the interest already earned on the money as part of the normal interest payment - on the first calendar day of the next month.

A quick reminder: All transfers between your main Tide Account and your Tide Instant Saver are free.

How to get a monthly statement for your Tide Instant Saver

In the app, tap: Accounts > select your Tide Instant Saver > Details > Monthly statements.

Statements are generated on the first day of each month, for the previous month.

Your Tide Instant Saver statement will show you the interest you received on the first day of the previous month. Example: interest for June will be paid on the 1st of July. This will show on your July statement which will be generated on the 1st of August.

What switching between plans means for your interest rate

How much you earn with Tide Instant Saver depends on your plan - Free, Smart, Pro, or Max. You can see and compare these options here.

If you upgrade:

The interest rate applicable to your Tide Instant Saver Account, including the interest-earning thresholds and limits, will be aligned to your new Tide Plan on the same day as the upgrade.

If you downgrade:

This will take effect on the first day of the following calendar month. The interest rate applicable to your Tide Instant Saver account, including the interest-earning thresholds and limits, will also be aligned to your new Tide Plan on the first day of the following calendar month.

Closing your Tide Instant Saver

To close your Tide Instant Saver, you’ll first need to move the whole balance to your Nominated Account.

When you're ready, tap the 'Support' icon in the top right corner of your app and we’ll help you do the rest.

On the day your Tide Instant Saver is closed, we’ll pay any interest earned that month to your Nominated Account.