TSB Classis Plus

Options
Hi folks,

I'm proper confused with the TSB Classic Plus accounts so hoping someone can point me in the right direction.

I have had 2 TSB Classic Plus accounts for a while now. They were earning 3% (I think) for balances up to £2000. They also gave 5% cashback for using Contactless payments up to £5 every month on each account.

I've realised now that they have stopped this in the last month or 2 and they now have a new Classic Plus account advertised on their website. However, to qualify for the new perks, it says you must have opened your account from 1 March 2017.

What does this mean for my existing Classic Plus account then? Does it still earn interest up to £2k but without any contactless cashback perks? I also assume I don't qualify for the 2 direct debit £5 cashback either?

:mad:

Thanks

:beer:

Comments

  • masonic
    masonic Posts: 23,496 Forumite
    Photogenic Name Dropper First Post First Anniversary
    Options
    They used to pay interest of 5% up to £2000. Now it's 3% up to £1500. The contactless cashback will have expired unless you opened your account after June 2016. None of the new perks will apply to you.

    Not sure of the reason for the :mad: . That's how introductory offers work.
  • jimmeee
    jimmeee Posts: 444 Forumite
    First Post First Anniversary Combo Breaker
    Options
    masonic wrote: »
    They used to pay interest of 5% up to £2000. Now it's 3% up to £1500. The contactless cashback will have expired unless you opened your account after June 2016. None of the new perks will apply to you.

    Not sure of the reason for the :mad: . That's how introductory offers work.

    Thanks for the clarification masonic. Appreciate it. :beer:
  • teddysmum
    teddysmum Posts: 9,475 Forumite
    First Anniversary Combo Breaker First Post
    Options
    The new offer is not as good as you have to make 20 debit card payments per month, per account and that's a lot.


    Also, it's £5 for 20 spends or nothing, whereas the contactless 5% pays out on any amount up to £100, per account (if the atms play ball).
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 343.7K Banking & Borrowing
  • 250.3K Reduce Debt & Boost Income
  • 450K Spending & Discounts
  • 235.9K Work, Benefits & Business
  • 608.9K Mortgages, Homes & Bills
  • 173.3K Life & Family
  • 248.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards