TSB Current account change of interest rate?!

markwilkinson

Broken_Biscuits wrote: »

Saw the survey, Googled it... found nothing. Checked their site, could not find anything saying they had sent one. Delete.

Thought best to be safe than give up my details to a scamster.

5% is a loss leader, it was never going to last.
If it drops to 3% we will have 4 accounts worth to find homes for... maybe ratesetter's shockingly low (compared to last year!) Rates will become attractive again?

You managed 4 accounts with TSB? Survey was for TSB customers, with registered email addresses. Presumably you have at least one?

joe134

strimmed mine as soon as I read it.
they will do what they want to do.
my RS is due in 2 weeks,£3k x 2(OH) and I won't be renewing them.
spend it before the kids do.:)

KGriff

My wife and I have the TSB Plus Accounts. Neither have been invited, nor seen the survey, but I'm surprised they have not considered a monthly fee and kept the 5% headline to attract some users.

I think we each make around £8.00-£8.30p per month now there is no tax, so I would have been happy to pay a £4 monthly fee or thereabouts, effectively cutting the rate in half.

I guess it's just swings and roundabouts... Either way it's noticeable the banks are not quite so eager to cut their lending APR rates.

As a retired person with savings, there really is not much out there to attract moving savings, like I have been so eager to do in the past. It makes my financial side of life, a tiny bit 'dull'.

jimjames

markwilkinson wrote: »

You managed 4 accounts with TSB? Survey was for TSB customers, with registered email addresses. Presumably you have at least one?

We've not received a survey either, 4 accounts between us.

ceredigion

markwilkinson wrote: »

You managed 4 accounts with TSB? Survey was for TSB customers, with registered email addresses. Presumably you have at least one?

jimjames wrote: »

We've not received a survey either, 4 accounts between us.

Nor us, with six accounts and two RS between us.

masonic

Market research is often collected using a sample of customers, so we shouldn't be surprised a lot of us weren't included in the survey

bigfreddiel

KGriff wrote: »

My wife and I have the TSB Plus Accounts. Neither have been invited, nor seen the survey, but I'm surprised they have not considered a monthly fee and kept the 5% headline to attract some users.

I think we each make around £8.00-£8.30p per month now there is no tax, so I would have been happy to pay a £4 monthly fee or thereabouts, effectively cutting the rate in half.

I guess it's just swings and roundabouts... Either way it's noticeable the banks are not quite so eager to cut their lending APR rates.

As a retired person with savings, there really is not much out there to attract moving savings, like I have been so eager to do in the past. It makes my financial side of life, a tiny bit 'dull'.

I agree, to a point, also retired, but when all the usual suspects reduce their rates down to say 2% or less, it's all moving to my shares portfolio, and some to p2p.

Setting up the accounts, the direct debits, payments etc is an interesting exercise, if a bit trivial, so unraveling it all will be another little exercise to go through, along with my tax return.

fj

bigadaj

KGriff wrote: »

My wife and I have the TSB Plus Accounts. Neither have been invited, nor seen the survey, but I'm surprised they have not considered a monthly fee and kept the 5% headline to attract some users.

I think we each make around £8.00-£8.30p per month now there is no tax, so I would have been happy to pay a £4 monthly fee or thereabouts, effectively cutting the rate in half.

I guess it's just swings and roundabouts... Either way it's noticeable the banks are not quite so eager to cut their lending APR rates.

As a retired person with savings, there really is not much out there to attract moving savings, like I have been so eager to do in the past. It makes my financial side of life, a tiny bit 'dull'.

THats not really logical though in real terms, possibly in marketing but nothing else.

It would be be better to get half the rate, as the interest is potentially taxable and the fee couldn't be written off against it, so you'd be paying tax on interest you'd have paid a fee to get.

SevenOfNine

Deleted the TSB survey (got 2 accounts plus 1 joint with hubby) practically at the first hurdle when they asked if I considered it to be my main account, with the next question to indicate which other banks I had accounts with. Didn't fancy admitting the answers so hit 'delete'.

teddysmum

SevenOfNine wrote: »

Deleted the TSB survey (got 2 accounts plus 1 joint with hubby) practically at the first hurdle when they asked if I considered it to be my main account, with the next question to indicate which other banks I had accounts with. Didn't fancy admitting the answers so hit 'delete'.

Didn't they ask about other accounts when you applied ?