TSB rate dropping

missile

Bummer, I have received the e mail now :-(

teddysmum

missile wrote: »

Bummer, I have received the e mail now :-(

Did you think your account was going to get away with no reduction?:)

ARandomMiser

Maximum_Saving wrote: »

I read that the TSB Classic Plus Account will go from 5% to 3%. It will allow up to £1500. Right now it is £2000. I am very upset by this news. It will begin at the start of February next year. It is currently one of the best deals.

No sense in being upset, it isn't personal and was pretty much guaranteed to happen when the interests rates dropped.

Probably move mine out into an S&S ISA.

Biggles

MissTasmanian wrote: »

Is this on the contactless transactions? So no word on if they'll drop it then

That was always planned to end on 31 Dec 16 anyway, no change there.

MadMat

Wonder how they'll decide which is the "second" account ? I opened both mine on the same date . . .

Mat

LuSiVe

I really hope they're sensible enough to shut the one that *isn't* linked to the regular saver

Mee

ARandomMiser wrote: »

No sense in being upset, it isn't personal and was pretty much guaranteed to happen when the interests rates dropped.

Probably move mine out into an S&S ISA.

I was expecting the rate drop but not the balance change - that's a bit severe!

Be_Happy

Me too. I was expecting a rate cut or a balance cut, but not both.

badger09

LuSiVe wrote: »

I really hope they're sensible enough to shut the one that *isn't* linked to the regular saver

They're not 'shutting it', they 'may convert it to an Enhance account or another current account'.

LuSiVe

badger09 wrote: »

They're not 'shutting it', they 'may convert it to an Enhance account or another current account'.

Yeah, I thought it was linked to having that particular current account but it seems any will do.

Although if they convert it to one with 0.75% interest I'll not have any money in it any more so it'll add to the money bouncing around list

I'd prefer if I got a choice so I can keep the linked one.