Tsb plus account 5%

Danyon

colsten wrote: »

Depending how much money you have, you might think twice before you hastily give up your Enhance accounts. If you have maxed all the interest-paying accounts, the Enhances at 1.5% are actually way better than the nearest instant access rate. It's easy enough to open a couple of TSB Plus accounts from scratch.

That's a good point. I was wondering whether I should open two separate TSB Plus accounts before they restrict the number of the accounts that you can have in single names rather than wait for the Enhance rates to fall. I might just go ahead this week and open the TSB Plus accounts.

B_G_B

takke wrote: »

I was in the branch on Sunday to sort out joint Classic Plus accounts, and the branch manager I was speaking to said that he thought the rules would change this week or next week so customers would only be allowed to open one account (this may mean one + one joint as the existing rules say you can only have two Classic Plus accounts, but in reality you can have two joint as well.) No idea if this is true but I thought I'd give a heads up in case anyone wants to set up their allocation of accounts before a surprise change to the rules!

This restriction is now on T&C's. :sad:
http://www.tsb.co.uk/assets/pdf/current-accounts/TSB10146_175702_1014a_V1_Web.pdf

Gram_Parsons

It looks like you can now only have one sole Classic Plus.
See: http://www.tsb.co.uk/assets/pdf/current-accounts/TSB10146_175702_1014a_V1_Web.pdf

Bah, beaten to it!

MadProf

Meh. Yet another display of greedy corporates restricting returns on their financial products and protecting their profits.

I applied for one account in September but held off applying for the second as I didn't want to incur too many searches - reckon I should try my luck and apply for the second now, or is it too late?

B_G_B

MadProf wrote: »

I applied for one account in September but held off applying for the second as I didn't want to incur too many searches - reckon I should try my luck and apply for the second now, or is it too late?

There's only one sure fire way to find out. If applying on line it is best to try whilst logged out and let their system tie it to your existing account / access.

callum9999

MadProf wrote: »

Meh. Yet another display of greedy corporates restricting returns on their financial products and protecting their profits.

I applied for one account in September but held off applying for the second as I didn't want to incur too many searches - reckon I should try my luck and apply for the second now, or is it too late?

Whereas you taking steps to increase your income is presumably reasonable and just?

Opening a second account shouldn't have resulted in a credit check anyway but yes, it most likely is too late.

MadProf

B_G_B wrote: »

There's only one sure fire way to find out. If applying on line it is best to try whilst logged out and let their system tie it to your existing account / access.

Figured that'd be the case. At the risk of potentially wasting a credit search, I just applied and got accepted for the 2nd sole account

B_G_B

callum9999 wrote: »

Opening a second account shouldn't have resulted in a credit check anyway but yes, it most likely is too late.

Applying for additional accounts with TSB, BoS, Lloyds & Nationwide has always involved additional searches for me, although it has never been a problem

MadProf wrote: »

Figured that'd be the case. At the risk of potentially wasting a credit search, I just applied and got accepted for the 2nd sole account

Good on ya.:beer:

colsten

Unless I misunderstand, MSE claim that everyone applying before next Monday will still be able to have 2 sole accounts (and 2 joint), and have until end of January 2015 to apply for the remaining accounts. I haven't seen this supported by what is published on the TSB website but perhaps this explains why MadProf's application went through this afternoon.

http://www.moneysavingexpert.com/news/banking/2014/10/planning-on-getting-a-tsb-current-account-do-it-now-if-you-want-to-open-four

vixen1500

Well fingers crossed they don't change the T&Cs again - getting fed up having to keep moving accounts.


Why is it that the banks don't seem to want people saving money?