TSB vs Metro Bank: current accounts compared
Important: This guide provides general information, not personalised financial advice. Financial products, rates and eligibility rules can change, so check the provider’s current terms before applying. You can check a firm’s details on the FCA Register.
FSCS protects eligible deposits up to £120,000 per person, per authorised institution.
Quick answer
Both offer no-fee current accounts and in-person banking. TSB adds £5 cashback for up to six months and a 5.00% Monthly Saver; Metro Bank offers walk-in stores, a lower typical overdraft rate (34% APR) and a £60 monthly cap on unarranged charges.
Metro charges 2.99% on card use abroad and paid only 0.90% on easy-access savings.
TSB vs Metro Bank compared
| Feature | TSB Spend & Save | Metro Bank Current Account |
|---|---|---|
| Monthly fee | £0 | £0 |
| Overdraft | 39.90% representative APR | 34% APR typical, £60 monthly cap on unarranged charges |
| Card abroad | Check Spend & Save fees; none on Plus (£3) | 2.99% (+£1.50 for cash) |
| Easy-access savings | Savings Pots 1.45% AER | 0.90% AER |
| Regular / fixed savings | Monthly Saver 5.00% fixed | Fixed Term 3.70%–3.75% AER |
| In person | Branches and video | Stores with walk-in help |
Figures as of 4 October 2026, taken from the provider’s own website. Rates and fees can change.
Who each suits
- TSB: card users and regular savers
- Metro Bank: people who want walk-in help and lower overdraft costs
Who should skip it
These are general points to weigh up, not advice. You may want to look elsewhere if:
- You travel often — Metro’s 2.99% fee adds up
Full explanation
If you sometimes use an overdraft, compare costs in our overdraft cost calculator.
The catch
TSB’s cashback ends after six months on Spend & Save.
Check each bank’s current terms.
These go straight to each provider’s own website. They aren’t referral links and we don’t earn from them.
FAQs
Which has cheaper overdrafts?
Metro Bank’s typical rate is 34% APR vs TSB’s 39.90% representative APR on Spend & Save, as of 4 October 2026.
Which pays more on savings?
TSB’s Monthly Saver and Savings Pots paid more than Metro’s easy-access rate.
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