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TSB

TSB offers personal loans, mortgages and credit cards to their customers, as well as providing current and savings accounts, and a range of insurance products.

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About TSB

TSB Bank was formed on 9th September 2013, from branches that had previously been under the name of Lloyds TSB, as well as branches that had been trading under the name of Cheltenham & Gloucester. 

The company currently has over 600 branches across Britain and has its headquarters in Edinburgh. At the time of its launch in September 2013, the bank had 4.6 million customers, who held savings totalling more than £20 billion between them. 

The roots of TSB Bank go back much further than 2013 of course. The first Trustee Savings Bank was established by a Reverend Duncan in Dumfriesshire, Scotland in 1810. The aim was to provide a financial facility that would help the poor members of the community. Similar trustee savings banks soon sprang up in Scotland, England, and Wales with the intention of being a place where poorer people could safely deposit their savings and get a fair return. 

By 1985, all of these individual trustee savings banks had been collected into one national organisation, and floated on the stock exchange. In 1995, TSB merged with the Lloyds group and became, at the time, the largest banking organisation in the United Kingdom. A 2009 ruling by the European Commission ruled that the two banks must become separate entities again, although Lloyds Banking Group remains the largest shareholders.

TSB offers personal loans, mortgages and credit cards to their customers, as well as providing current and savings accounts, and a range of insurance products. Their mortgages include first mortgage, remortgage, and buy to let mortgage options, and mortgage applications can be made online, over the phone, or in store. 

As a new bank, they like to offer incentives to mortgage customers, and these have included offering to make a one off payment to cover the council tax of first time lenders.