Is TSB about to become the next bank to slash savings rates?

Eco_Miser

harz99 wrote: »

No need to help with their decision to reduce, no need to provide the statistics to back it up when they announce a reduction in interest as being acceptable in the current climate.

But by not completing the form, you still provide them with statistics.
"95% of those asked indicated they were not interested in what rate we offer, by not responding."

djpailo

Eco_Miser wrote: »

But by not completing the form, you still provide them with statistics.
"95% of those asked indicated they were not interested in what rate we offer, by not responding."

No. It should read, 95% of people asked did not respond. You can then give speculative reasons why but the only factual statistic is that 95% did not respond. The will probably put it in a report like this:

"Of the people that responded to the survey...".

badger09

YorkshireBoy wrote: »

It's a small world. Me too.

Whereabouts YB?

We're on a very windy island in the Cyclades (Andros):hello::hello::hello::hello:

RubyRedRidingHood

We had a meeting with TSB yesterday to open some additional joint accounts and we did ask about the 5% accounts and she said nothing had been communicated to the branches yet, but she did also say that they only find out a week before any changes are made. I guess our interest is safe for 1 more week atleast!

Ed-1

RubyRedRidingHood wrote: »

We had a meeting with TSB yesterday to open some additional joint accounts and we did ask about the 5% accounts and she said nothing had been communicated to the branches yet, but she did also say that they only find out a week before any changes are made. I guess our interest is safe for 1 more week atleast!

Add 2 months on to that as well as they need to give 2 months notice of a change to existing account holders.

YorkshireBoy

badger09 wrote: »

Whereabouts YB?

We're on a very windy island in the Cyclades (Andros):hello::hello::hello::hello:

We're south of you and making our way to Crete for a few days. And yes it's very windy!

Time to spend some now rates are plummeting.

GingerFurball_2

RubyRedRidingHood wrote: »

We had a meeting with TSB yesterday to open some additional joint accounts and we did ask about the 5% accounts and she said nothing had been communicated to the branches yet, but she did also say that they only find out a week before any changes are made. I guess our interest is safe for 1 more week atleast!

It's also illegal for them to communicate any changes before the launch date.

Vortigern

RubyRedRidingHood wrote: »

We had a meeting with TSB yesterday to open some additional joint accounts

How many joint accounts are you allowed to open? I was under the impression that only one would be allowed.

System

The 5% offered by the TSB is really a marketing ploy. The ceiling of £2000 means it is effectively more like a reward but keeps the Plus account at the top of the 'best current account' league. IMO they would be unwise to make any hasty changes.

colsten

badger09 wrote: »

That is exactly what some of us are doing:)

I'm writing this in the quiet time between returning from the beach, and showering before a pre dinner drink on the balcony overlooking sunset on the Aegean:beer:

However, not everyone on here can afford to take this approach:(

You were supposed to blow your cash in the UK, not in that nasty EU