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TSB Classic Plus - monthly interest not received
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bluehydrangeas
Posts: 149 Forumite
I recently opened a TSB Classic Plus account. The account offers 5% interest on a maximum balance of £2,000. I added funds to the account up to the maximum balance shortly after opening it. I checked my online statement today and there has been no interest added to the account. The opening date was August 1st, so any interest earned should have been paid in today. As I have met the requirements to earn it, I am bewildered as to why I have received no interest. I will be contacting them tomorrow for an explanation but will most likely be moving the funds elsewhere and closing the account if it's not resolved. Has anyone else on MSE had any issues with this account?
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Almost certainly the interest will be there tomorrow......just be patient!
I seem to think their accounting dates are 2nd of month.
Why would you want to move money out now? the best interest currently being paid.....
This question comes up zillions of times on this forum!!Being polite and pleasant doesn't cost anything!
-Stash bust:in 2022:337
Stash bust :2023. 120duvets, 24bags,43dogcoats, 2scrunchies, 10mitts, 6 bootees, 8spec cases, 2 A6notebooks, 59cards, 6 lav bags,36 angels,9 bones,1 blanket, 1 lined bag,3 owls, 88 pyramids = total 420total spend £5.Total for 'Dogs for Good' £546.82
2024:Sewn:59Doggy ds,52pyramids,18 bags,6spec cases,6lav.bags.
Knits:6covers,4hats,10mitts,2 bootees.
Crotchet:61angels, 229cards=453 £158.55profit!!!
2025 3dduvets0 -
it's normally paid right at the end of the day. So if you look tomorrow it should be there. Source: Me!0
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This has to be the most hysterical version yet of this monthly thread.0
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I'm expecting my interest to appear in the account tomorrow on the second bank working day of the month as per usual so I won't be contacting TSB for an explanation in the morning because I already read the Terms and Conditions.0
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bluehydrangeas wrote: »I recently opened a TSB Classic Plus account. The account offers 5% interest on a maximum balance of £2,000. I added funds to the account up to the maximum balance shortly after opening it. I checked my online statement today and there has been no interest added to the account. The opening date was August 1st, so any interest earned should have been paid in today. As I have met the requirements to earn it, I am bewildered as to why I have received no interest. I will be contacting them tomorrow for an explanation but will most likely be moving the funds elsewhere and closing the account if it's not resolved. Has anyone else on MSE had any issues with this account?
Don't worry, I've had a word with them and they've paid me your interest.
Many thanks.0 -
This months 'Where is my interest' thread made me smile,
Yet again a new account holder opening, funding but failing to read the T&C's required wonder if they have paperless statements and paperless correspondence set up?
** Its been paid like a miracle on the day it was supposed too, along with Halifax Rewards, and Lloyds/BOS interest :-)I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%£2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%Total £4095.19/£7332.95 = 55.84%0 -
Don't worry, I've had a word with them and they've paid me your interest.
I like it!
But I replied first so that should be my reward!!:rotfl:Being polite and pleasant doesn't cost anything!
-Stash bust:in 2022:337
Stash bust :2023. 120duvets, 24bags,43dogcoats, 2scrunchies, 10mitts, 6 bootees, 8spec cases, 2 A6notebooks, 59cards, 6 lav bags,36 angels,9 bones,1 blanket, 1 lined bag,3 owls, 88 pyramids = total 420total spend £5.Total for 'Dogs for Good' £546.82
2024:Sewn:59Doggy ds,52pyramids,18 bags,6spec cases,6lav.bags.
Knits:6covers,4hats,10mitts,2 bootees.
Crotchet:61angels, 229cards=453 £158.55profit!!!
2025 3dduvets0 -
Katiehound wrote: »I like it!
But I replied first so that should be my reward!!:rotfl:
You'll have to make a complaint to TSB, and then take it to the regulator!0 -
Crisis averted, everyone - my interest has been paid today. :j0
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bluehydrangeas wrote: »Crisis averted, everyone - my interest has been paid today. :j
As per everyone else's...
Question for you: when will it be paid in October?0
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