Tsb plus account 5%

Gromitt

loonytunes123 wrote: »

one thing.......why are we always begging for !!!! percent bank rates of interest?? someone told me to consider shares in , e'g the Indian economy....risky, but a seriously emerging market?? Would have to be done through a broker I guess??

I've you are fedup with pathetic rates of interest then there's also the option of seeing a FA for better rates. I invested in S&S last year and made a nice 25% profit, I only wished I had invested more! Pity you can't predict the future.

fireice

YorkshireBoy wrote: »

So what I'm saying is get yourself a plan B (and C and D if necessary). BoS vantage, as I suggested earlier, might be a decent option should TSB Enhance go the same way as Lloyds Vantage...and is a straight dump from TSB Enhance with no overspill.

Is there any reason to suggest that TSB will dump enhance (other than Lloyds scrapping vantage)? Equally, couldn't BoS dump vantage at any point as well?

knack92

fireice wrote: »

Is there any reason to suggest that TSB will dump enhance (other than Lloyds scrapping vantage)? Equally, couldn't BoS dump vantage at any point as well?

Now that it's no longer offered to new customers it seems inevitable to me that it will eventually be scrapped.

Of course BoS could get rid of Vantage any time but unlike TSB and Lloyds they don't have a new interest paying account. For what it's worth, they are still advertising this account in bus shelters so it seems it'll be sticking around for a while yet.

Gromitt

knack92 wrote: »

Of course BoS could get rid of Vantage any time but unlike TSB and Lloyds they don't have a new interest paying account. For what it's worth, they are still advertising this account in bus shelters so it seems it'll be sticking around for a while yet.

But they could change the T&Cs at anytime and require at least 2 DDs to be setup on each Vantage account in order to pay interest. People will get fed up finding ways around the system and accounts will be closed.

YorkshireBoy

Gromitt wrote: »

But they could change the T&Cs at anytime and require at least 2 DDs to be setup on each Vantage account in order to pay interest.

I think (hope!) they'd only do that if they were to launch a new account like Lloyds did.


If it's only a pair of DDs I could cope with that (thanks Tesco!), but I'm not prepared to do it for 1.5% AER...just as I'm not with Lloyds Vantage from July.

People will get fed up finding ways around the system and accounts will be closed.

Who knows...we might even start to use cash ISAs again!

loonytunes123

I've got it on good authority that the Enhance account is NOT being pulled

Archi_Bald

loonytunes123 wrote: »

I've got it on good authority that the Enhance account is NOT being pulled

Which if true is great news for those that have got it already, and no use at all to those who haven't since it has already been pulled for new applications.

Hominu

loonytunes123 wrote: »

I've got it on good authority that the Enhance account is NOT being pulled

Lloyds Vantage isn't being pulled any time soon either, just the T&Cs and interest rate changing.

Considering the Enhance interest rate is variable, it can change at any time.

tipsychick

Hominu wrote: »

Lloyds Vantage isn't being pulled any time soon either, just the T&Cs and interest rate changing.

Considering the Enhance interest rate is variable, it can change at any time.

TSB will have to give us 60 days' notice though.

Gromitt

tipsychick wrote: »

TSB will have to give us 60 days' notice though.

Where does it say that? From what I've read, they don't have to give any notice if the change is 0.25% or less (within a set window).