MSE News: TSB offers bank switchers free £125, £5/mth cashback AND 3% interest

grumbler

TheShape wrote: »

...
When has TSB offered switching incentives in the past?

See the sticky at the top of the board that the Towers failed to unstick

TheShape

grumbler wrote: »

See the sticky at the top of the board that the Towers failed to unstick

I should have asked if they've had an offer previous to the Nov/Dec 16 one. Have they?

grumbler

Well, search the board.
I've got £125 in Nov 2015.

TheShape

grumbler wrote: »

Well, search the board.
I've got £125 in Nov 2015.

Seen it now. I made my first forum search too specific and the second too general. Third got better results including the thread you posted on.

EarthBoy

Consumerist wrote: »

If you have more than one sole account, however, their new Ts&Cs provide for them to convert the excess number to another type of account (at lower interest).

Not at lower interest, but at no interest. It's only the Classic Plus account that pays interest; the ordinary Classic account doesn't pay anything.

Lungboy

So are they only threatening to downgrade second accounts as of now? Mine is still a classic plus as far as I know, but if they are altering it I might as well switch it away for a bonus elsewhere.

Consumerist

Lungboy wrote: »

So are they only threatening to downgrade second accounts as of now?

Yes, only second accounts and they say they'll give 60 days' notice before conversion.

Consumerist

EarthBoy wrote: »

Not at lower interest, but at no interest. It's only the Classic Plus account that pays interest; the ordinary Classic account doesn't pay anything.

Their intention, as I understand it, will be to convert to another Classic account with what they call "<Enhance>" which was paying [STRIKE]0.75%[/STRIKE] 0.25% (not zero) the last I heard.

himynameismark25

Daft question maybe, but best I know before I invest the time applying..

As I've had an account with Lloyd's in the past few years, would this affect me applying/receiving £125 if anyone knows? I've also presumed Lloyd's & TSB were always one in the same :S

Thank you in advance

JuicyJesus

himynameismark25 wrote: »

Daft question maybe, but best I know before I invest the time applying..

As I've had an account with Lloyd's in the past few years, would this affect me applying/receiving £125 if anyone knows? I've also presumed Lloyd's & TSB were always one in the same :S

Thank you in advance

TSB demerged from Lloyds TSB three years ago. They're now separate banks under separate ownership - you'll get the incentive.