Tsb plus account 5%

vixen1500

Oh, well - would of been nice. Time to sort out Lloyds new account now

pauljoecoe

vixen1500 wrote: »

found this on the moneywise site


There's nothing in TSB's terms and conditions to stop customers taking out two individual accounts - which could earn them up to £200 a year - but couples are also both able to open a joint account, providing they transfer £500 in to all of the accounts each month.
That means couples can open six accounts between them, potentially earning themselves up to £600 in interest over the course of a year if they deposit £2,000 in each of the six accounts.

Not sure I understand having two joint accounts - does each one have a 'main' account holder?

Can't see anyway of doing it online anyway so I guess you have to go into a branch.

Money_Grabber13579

I'm in Northern Ireland. TSB don't have any branches in NI.

So when I try to submit the application, it asks me for my local branch, then tells me it can't find one and the application stops. Has anyone else in NI applied for this account and if so, how did you get around this?

It seems a bit pointless to require a branch for an account that has to be effectively managed online (to get 5%)...

YorkshireBoy

Money_Grabber13579 wrote: »

It seems a bit pointless to require a branch for an account that has to be effectively managed online (to get 5%)...

It doesn't *have* to be managed online. It can be managed fully in branch, by phone, or online. The only difference with this account is you must go paperless...and most people do these days don't they?

butterflymum

Money_Grabber13579 wrote: »

I'm in Northern Ireland. TSB don't have any branches in NI.

So when I try to submit the application, it asks me for my local branch, then tells me it can't find one and the application stops. Has anyone else in NI applied for this account and if so, how did you get around this?

At postcode/town box, enter 'Glasgow' or anywhere else in Britain. If Glasgow, you will get a choice of about 20 branches. You could chose a main one eg, St Vincent Street. It should then let you complete the application.

td_007

pauljoecoe wrote: »

Not sure I understand having two joint accounts - does each one have a 'main' account holder?

Can't see anyway of doing it online anyway so I guess you have to go into a branch.

Agree...thought I had missed something but do not see an option to open a joint account. Will give a call tomorrow to see what they say. For now, 4 Plus accounts setup and funded.:beer:

td_007

Money_Grabber13579 wrote: »

I'm in Northern Ireland. TSB don't have any branches in NI.

So when I try to submit the application, it asks me for my local branch, then tells me it can't find one and the application stops. Has anyone else in NI applied for this account and if so, how did you get around this?

It seems a bit pointless to require a branch for an account that has to be effectively managed online (to get 5%)...

Does not matter - just give any postcode/city and nominate a branch. I had done a similar thing when opening a Bank Of Scotland account. After all if you do everything online you will not need a branch...hopefully:cool:

Gromitt

YorkshireBoy wrote: »

It doesn't *have* to be managed online. It can be managed fully in branch, by phone, or online. The only difference with this account is you must go paperless...and most people do these days don't they?

Yep, unlike Nationwide's FlexDirect account where the staff could actively refuse service because of your account type, TSB just want to make sure you have paperless statements (which means also internet banking). They don't care if you use the branches for all other functions.

matttye

Pleased they let us upgrade our classic account to classic account plus.

matttye

vixen1500 wrote: »

found this on the moneywise site


There's nothing in TSB's terms and conditions to stop customers taking out two individual accounts - which could earn them up to £200 a year - but couples are also both able to open a joint account, providing they transfer £500 in to all of the accounts each month.
That means couples can open six accounts between them, potentially earning themselves up to £600 in interest over the course of a year if they deposit £2,000 in each of the six accounts.

"Nothing in TSB's terms and conditions to stop customers taking out two individual accounts" - if anything it actively encourages it!

"Restrictions Maximum of 2 Plus accounts"