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Tide Logo
Tide Logo
Tide Logo

How to set up and manage 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

  1. Log in to your app

  2. Tap Finance > Tide Instant Saver

  3. 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.

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.

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

  2. 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

  1. Tap Finance > Tide Instant Saver

  2. 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

  1. Tap Pay and select your Tide Instant Saver from the stacked accounts

  2. 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:

  1. Open your app and tap Savings and Investments from stacked accounts 

  2. In the upper right-hand corner, select the + sign to open the accounts overview

  3. Tap Tide Instant Saver and scroll down > choose Close account

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Tide Platform Limited (Tide) designs and operates the Tide website and app. Tide is not a bank. Tide is authorised by the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011 under firm reference number 900843 for the issuing of electronic money and the provision of payment initiation services and account information services under the Payment Services Regulations 2017. Tide is also authorised and regulated by the Financial Conduct Authority in relation to its credit and insurance broking activities (firm reference 718743). Tide is incorporated and registered in England and Wales with company number 09595646 and registered office at 4th Floor The Featherstone Building, 66 City Road, London, EC1Y 2AL. Tide offers bank accounts powered by ClearBank® Ltd (ClearBank) (account sort code is 04-06-05). ClearBank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 754568. Eligible deposits with ClearBank are protected up to a total of £120,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. For further information visit Home. ClearBank Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 754568). Registered Address: ClearBank, Level 27, The Broadgate Tower, 20 Primrose Street, London, United Kingdom, EC2A 2EW. Eligible deposits held in the Tide Business Current Account (powered by ClearBank) are covered by the Financial Services Compensation Scheme (“FSCS”) subject to eligibility. All eligible deposits at the same bank are aggregated to determine the coverage level for each depositor up to £120,000, therefore if you have any other product/services with ClearBank these will be aggregated. To find out more and to check your eligibility please visit: About us . Some of Tide’s members also hold e-money accounts powered by PrePay Technologies Limited (PPT) (account sort code is 23-69-72). PPT is an electronic money institution authorised by the FCA under the Electronic Money Regulations 2011 under firm reference number 900010 for the issuing of electronic money. PPT holds an amount equivalent to the money in Tide current accounts in a safeguarding account which gives members protection against PPT’ insolvency. Tide Cards may be issued by both Tide and PPT, who are licensed by Mastercard International for the issuance of cards. The issuer of your Tide card will be identified on your monthly card statement. Tide Capital Limited is an appointed representative of P1 Investment Services Limited which is authorised and regulated by the Financial Conduct Authority under firm reference number 752005 to carry out such regulated activities as are involved in the provision of Tide Investment Account. Seccl Custody Limited is the custodian of assets held in Tide Investment Account and is authorised and regulated by the Financial Conduct Authority (firm reference number 793200) and registered in England and Wales under No. 10430958. Registered office 20 Manvers Street, Bath BA1 1JW. Tide, the Tide logo, the Swell, and Do Less Banking are trademarks and trade names of Tide Platform Limited, and may not be used or reproduced without the consent of the owner.