Make more 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 the main Tide Instant Saver 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.

If you're a Tide Account Holder

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.

If you're an Open Access member

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

Tap Finance > Tide Instant Saver

Tap Deposit and choose your amount

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, and to get an idea on how much you can save, see our Savings Interest Calculator.

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 per month, in addition to your Max subscription.

Tap your initials in your app's top-left corner

Tap Profile and Settings > Membership > Boosts > View all Boosts

If you'd like 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.

Step 4: Withdraw your savings

Tap Finance > Tide Instant Saver

Tap Withdraw and choose your amount

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.

Get a monthly statement

Tap: Accounts > select your Tide Instant Saver

Tap Details > Monthly statements

Monthly 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. For 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. See what our paid plans offer and how to manage yours.

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.