Tsb plus account 5%

Chjaka

I know it's not the most reliable of sources but an excerpt from the Moneywise website suggests that it's going to be a maximum of two single and two joint accounts per customer. Confirmed by a TSB spokesperson apparently.

"A TSB spokesperson confirmed to Moneywise that there is nothing to stop a customer opening two individual Plus accounts, plus a joint account – or to prevent a couple opening up to six accounts between them."

Personally, I think they've got the wrong end of the stick and it'll be two single accounts and a joint account meaning a maximum of five accounts per a couple. Either way, I just hope they run parallel to the Enhance accounts, for a while at least.

Full article here;

Link

rb10

Chjaka wrote: »

I know it's not the most reliable of sources but an excerpt from the Moneywise website suggests that it's going to be a maximum of two single and two joint accounts per customer. Confirmed by a TSB spokesperson apparently.

"A TSB spokesperson confirmed to Moneywise that there is nothing to stop a customer opening two individual Plus accounts, plus a joint account – or to prevent a couple opening up to six accounts between them."

Personally, I think they've got the wrong end of the stick and it'll be two single accounts and a joint account meaning a maximum of five accounts per a couple. Either way, I just hope they run parallel to the Enhance accounts, for a while at least.

Full article here;

Link

Given the other factual inaccuracies in that article, it wouldn't surprise me if they haven't got the wrong end of the stick ...

Moneywise wrote:

That's a much better rate of interest than anything else currently available on the market – although the Plus account won't actually arrive until the end of the month.

For example, the next best rate is the 3% the Santander 123 current account

They seem to have forgotten about the Nationwide FlexDirect at 5%, and the Lloyds and Bank of Scotland Vantage accounts at 3%.

Moneywise wrote:

Moreover, as long as each account has a balance of £2,000, there's nothing to stop customers withdrawing the £500 monthly deposit immediately after paying it in.

This is just poorly worded. Regardless of balance, there's nothing stopping you withdrawing the £500 deposit (it's a current account!). I know what they mean, but that's not what they're actually saying.

YorkshireBoy

rb10 wrote: »

They seem to have forgotten about the Nationwide FlexDirect at 5%

Like the YB/CB 4% offerings, that rate is an introductory one so probably wasn't mentioned for that reason?


Haven't read the full article so don't know in what context they meant it.

typistretired

apt wrote: »

My point of view is that if you've got an account that costs nothing to run like Lloyds Vantageit's better to keep it either to use to get a switching bonus or in case you run out of space in the accounts that pay more than 3%.

See this post about the new Llloyds Bank Current Account

http://forums.moneysavingexpert.com/showpost.php?p=64906595&postcount=2932

According to the poster it will be launched this Saturday 22nd March 2014 - another weekend launch. Will require direct debits and will incur a fee if £1500 not paid in each month.

10_66

I was having a look on TSB's website to see if I could find any ref to their proposed Plus Account, and on clicking the legal link at the bottom of their page it provided a list of their current accounts, Plus, being listed. Following that link it provides another couple of links, the one referring to interest rates doesn't actually list Plus, but the link for Plus information says interest is paid on balances of £2,500, with £1,000 needing to paid into account. Does anyone know if this is information from an older version of any previous account they may have had with the same name, or is it for the new one (for which I thought interest would be paid on balances of £2,000)?


For some reason the weblink tool on MSE doesn't seem to be working for me, but here's the URL address: http://www.tsb.co.uk/legal/current_accounts_legal/plus_important_information.asp

square_one_2014

Does anybody know how applying to open two of the TSB Plus accounts per person will work?

Can you request to have two accounts opened from a single online application form or do you literally apply twice?

Sorry if this is a silly question, just wondering if it is better idea to make an appointment to go into a TSB branch.

Presumably you need to take ID into a branch if you are a new customer? (don't want to post ID to them)

bsms1147

10_66 wrote: »

I was having a look on TSB's website to see if I could find any ref to their proposed Plus Account, and on clicking the legal link at the bottom of their page it provided a list of their current accounts, Plus, being listed. Following that link it provides another couple of links, the one referring to interest rates doesn't actually list Plus, but the link for Plus information says interest is paid on balances of £2,500, with £1,000 needing to paid into account. Does anyone know if this is information from an older version of any previous account they may have had with the same name, or is it for the new one (for which I thought interest would be paid on balances of £2,000)?


For some reason the weblink tool on MSE doesn't seem to be working for me, but here's the URL address: http://www.tsb.co.uk/legal/current_accounts_legal/plus_important_information.asp

That's an old Plus account. You won't see much on their website about the new account yet.

square_one_2014 wrote: »

Does anybody know how applying to open two of the TSB Plus accounts per person will work?

Can you request to have two accounts opened from a single online application form or do you literally apply twice?

Sorry if this is a silly question, just wondering if it is better idea to make an appointment to go into a TSB branch.

Presumably you need to take ID into a branch if you are a new customer? (don't want to post ID to them)

Almost certainly will be two applications. And I've applied for plenty accounts in the past online, and have never once needed ID.

DragonQ

Whether you need to provide ID depends on a few things. I always used to be asked, then I found out I wasn't listed on the electoral roll (despite having voted in the AV referendum) and since I've got my local council to sort that out, I never get asked for ID.

I'll probably go to branch to do it anyway. Will probably be able to get the accounts open and internet banking set up immediately rather than waiting for stuff in the post.

YorkshireBoy

DragonQ wrote: »

I'll probably go to branch to do it anyway.

I'll be doing the same, as I did with my multiple Lloyds Vantage accounts.

If applying online (as I did with Nationwide), and maybe even by phone (as I did with BoS), it's generally advisable to leave a clear business day (preferably 2) between applications.

socrates

I was impressed my local branch called me to invite me to come in and open two of them on the 31st