A retaining apparatus for fishing tackle is provided. The retaining member comprises a main body defining a hollow interior, and coupling means for releasably coupling the retaining member to a fishing rod, wherein the hollow interior houses the fishing tackle. The coupling means may comprise an engagement member that pivots about the main body between an engaged position and an open position, the engagement member being biased toward the engaged position, wherein pivoting the engagement member to the open position allows the retaining member to be placed on or removed from the fishing rod and pivoting the engagement member to the engaged position secures the retaining member to the fishing rod.
