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MSE News: TSB to pay 5% interest on new current account – is it any good?

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"TSB's Plus account is the bank's first new current account since it split from Lloyds in September last year..."
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TSB to pay 5% interest on new current account – is it any good?

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TSB to pay 5% interest on new current account – is it any good?

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MoneySavingExpert.com money analyst Helen Saxon says: "The interest is on the low side compared with other best buy interest-paying current accounts.
This is just below a table comparing what it says are the best accounts, and which does not show any interest rate higher than 5% (albeit that there are different maximum qualifying balances).
Dont spend time picking mistakes in their "analysts" journalism, you'll be there all day
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As per the news article, the current draft of the terms suggest that you can
She's talking about the amount of interest p.a. rather than the interest rate.
Is it better for you, now that you're able to compare based on your own situation?
I doubt that. I bet it will be 5% variable. So they could in theory drop it before a year is out.
EDIT: Won my bet: http://www.abouttsb.co.uk/press_and_media/news_releases/12_03_2014_5_per_cent_interest_from_the_bank_acount_thats_not_like_other_bank_accounts.html