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TSB Plus Current Account - 5% interest
CaptainHaddock_2
Posts: 72 Forumite
TSB is going to offer a current account paying 5% on credit balances, and you will be able to open two accounts in the same name - offering the option of having this as a haven for your savings in a similar way to the old LloydsTSB Vantage accounts.
There will be no monthly fee, no initial need to transfer direct debits or standing orders, but you will have to fund the account with £500 per month. No word yet on whether those £500 need to come from outside TSB or if, like with the Vantage accounts, you can just transfer between your two Plus accounts.
There will be no monthly fee, no initial need to transfer direct debits or standing orders, but you will have to fund the account with £500 per month. No word yet on whether those £500 need to come from outside TSB or if, like with the Vantage accounts, you can just transfer between your two Plus accounts.
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CaptainHaddock wrote: »TSB is going to offer a current account paying 5% on credit balances, and you will be able to open two accounts in the same name - offering the option of having this as a haven for your savings in a similar way to the old LloydsTSB Vantage accounts.
There will be no monthly fee, no initial need to transfer direct debits or standing orders, but you will have to fund the account with £500 per month. No word yet on whether those £500 need to come from outside TSB or if, like with the Vantage accounts, you can just transfer between your two Plus accounts.
See Banking forum - a couple of threads on there already0 -
2 times £2000 accounts - £200 annual interest. Not bad I suppose......under construction.... COVID is a [discontinued] scam0
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More details can be found here straight from the horses mouth!
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.htmlIm an ex employee RBS GroupHowever Any Opinion Given On MSE Is Strictly My Own0 -
Silly question but are we allowed to have these as well as the three Enhance accounts?0
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Time will tell.0
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how many can we have?0
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are they going to offer a transfer incentive?0
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Archi_Bald wrote: »Time will tell whether there is any incentive in addition to the 5%.
Unlikely - it would go against the ethos of 'no funny stuff' that they make such a thing of in their press release. They are wanting to sell this account based on the ongoing benefits it gives, not on a one-off bribe.0
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