TSB rate dropping
Comments
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I've not had the email yet, but I'm not surprised that they are cutting it. I won't be rushing to do anything as it is still a good account for now, and it does give you access to the regular saver account.0
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I haven't had an email yet. Just wondering about the second account since at the moment I swap the £500 between my 2 accounts. The swap account must also have a standing order capability, assuming they don't change the criteria to external accounts for your single classic plus, and it's worth your while keeping £500 in the second just for the swap.0
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I thought I didn't receive the email - it went straight to junk for hotmail users.0
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Money_spending_mummy wrote: »I've not had the email yet, but I'm not surprised that they are cutting it. I won't be rushing to do anything as it is still a good account for now, and it does give you access to the regular saver account.
the regular saver rate only lasts one year so keep an eye on it.
I still have £20,000 in Santander but think I'll put all the rest into Premium Bonds - had enough of opening new accounts.0 -
Another point mentioned, which I had not noted before is that you must log in to account at least once a year AND where it is a joint account, both holders must log in. OH never uses on-line banking, so I'll have to make sure I log him in once a year.
Since it is mandatory to lig in once a year I wonder if they will stop the interest after a year and it can then be restarted by logging in? I assume they won't try to reclaim the interest already paid;-)
Of course, in a years time we will have inflation back again due to the collapse of the £ so I suppose interest rates will rise as well.0 -
There I was about to open a few TSB accounts, I can't be bothered now. Time to get radical and find new investment vehicles.Student loan: Cleared.0
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The sweeter end of the TSB Classic Plus deal will come to a close for me in December anyway (the 5% cashback on contactless up to £100, which tends to cover my food and toiletries).
Once that disappears there is no good reason for me not to start using 0% credit cards for spending, as inflation is likely to outstrip interest and therefore I want to hedge that risk. I could have started doing it months ago but given all the things that make more sense through a bank account for the various clauses and bonuses, it hasn't seemed worth the effort yet.0 -
principlecounts wrote: »There I was about to open a few TSB accounts, I can't be bothered now. Time to get radical and find new investment vehicles.
You're only about 4 years too late to join that bandwagon!Remember the saying: if it looks too good to be true it almost certainly is.0 -
greenglide wrote: »So what happens if you have a joint account but only one is registered for Internet banking? Will you lose the interest because of this?
I don't know the answer to your question, but, the potential problem could be avoided by the 2nd person registering for internet banking, and logging in at least once a year:cool:0
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