Tsb plus account 5%

neil324

Does this mean the Enhance account will be pulled?

callum9999

DragonQ wrote: »

What does that mean? Being able to open two accounts is a "loophole"?

Well I guess it kinda is a loophole. The whole point of a £2000 limit on the interest is so they only have to pay out 5% on £2000.

If you open multiple accounts and use them as savings accounts then you're not using them as TSB intended.

YorkshireBoy

neil324 wrote: »

Does this mean the Enhance account will be pulled?

Nobody here will know that (the press release I linked to above is all they're making 'public' at the moment), but if you were a betting man what would you back?

Personally I'll be opening 3 Enhance accounts this month, with a view to possibly converting 2 of them at the start of next month (unless they let me have a total of 5 current accounts).

neil324

YorkshireBoy wrote: »

Nobody here will know that (the press release I linked to above is all they're making 'public' at the moment), but if you were a betting man what would you back?

Personally I'll be opening 3 Enhance accounts this month, with a view to possibly converting 2 of them at the start of next month (unless they let me have a total of 5 current accounts).

I'd say the Enhance will be pulled, but was just asking if someone knew.

I don't know the history of these Lloyds Banking Group accounts. Except there was an account that paid 4% before these 3% ones and you can open 3 per bank. I'm not sure how long the 4% accounts lasted once the 3% accounts came out.

I have just opened 3 TSB accounts and funded them. And had 6 credit checks done opening various current accounts including a 123 account. Just seems a little pointless unless I will be able to transfer the 3 over.

YorkshireBoy

neil324 wrote: »

I don't know the history of these Lloyds Banking Group accounts. Except there was an account that paid 4% before these 3% ones and you can open 3 per bank. I'm not sure how long the 4% accounts lasted once the 3% accounts came out.

The 3% account came first. They then increased the rate to 4% for a little over a year (if you met certain DD conditions), before it went back to 3% again.

apt

YorkshireBoy wrote: »

The 3% account came first. They then increased the rate to 4% for a little over a year (if you met certain DD conditions), before it went back to 3% again.

It first paid 4% on £5,000-£7,000, but this upper tier was later removed.

YorkshireBoy

apt wrote: »

It first paid 4% on £5,000-£7,000

Are you sure? I seem to remember it was £5,000-£6,000

typistretired

MSE HELEN posted 2 hours after my initial post about this account.

I wonder why TSB are not opening the account until the end of the month? Hope it is a lot easier to open as I am already a customer.

Herbalus

Yeah it was £6000.

This TSB development is interesting though. It seems strange that they're releasing their new accounts and pulling the Enhance at the same time that I've heard Lloyds will be pulling the Vantage and releasing their new accounts.

YorkshireBoy

typistretired wrote: »

MSE HELEN posted 2 hours after my initial post about this account.

What's new?


But you waive your right to copyright when you join MSE.


They did used to do an insert before the member's post, and give some credit/acknowledgement, but don't seem to do that these days.