We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

TSB to increase classic plus rate to 5%

24567…13

Comments

  • charlieboycat
    charlieboycat Posts: 385 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    LuSiVe wrote: »
    They'll probably run through and close second accounts now though... ;)
    My thought exactly.
  • beefturnmail
    beefturnmail Posts: 930 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    another reason to keep your eggs in as many baskets as possible
  • MABLE
    MABLE Posts: 4,239 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    huw01 wrote: »
    On Radio 5 this morning he seemed to indicate that it would be for existing customers

    https://t.co/PXs2cfz8AS

    And so it should be. Newbies will have not have suffered the inconvenience like existing customers.
  • System
    System Posts: 178,377 Community Admin
    10,000 Posts Photogenic Name Dropper
    I would think free Sabadell withdrawals would go a storm with TSB now being on the same IT platform...
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Westie983
    Westie983 Posts: 5,215 Forumite
    Tenth Anniversary 1,000 Posts I've been Money Tipped! Name Dropper
    Lets just wait and see, but agree they may now target those customers that have more then one classic account.

    Westie983
    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%
  • msallen
    msallen Posts: 1,494 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    Westie983 wrote: »
    Lets just wait and see, but agree they may now target those customers that have more then one classic account.

    Westie983

    They may, but they may decide not to risk any more bad PR for any reason.
  • B_G_B
    B_G_B Posts: 502 Forumite
    LuSiVe wrote: »
    They'll probably run through and close second accounts now though... ;)

    The man said "We are not like other banks that give you a high rate then take it away". Surely, closing second accounts would be "taking it away".
  • LuSiVe
    LuSiVe Posts: 1,059 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Name Dropper
    B_G_B wrote: »
    The man said "We are not like other banks that give you a high rate then take it away". Surely, closing second accounts would be "taking it away".

    So was giving us 5% initially and then taking it away.
    And reducing the amount that earned the interest from £2000? to £1500.
  • tempus_fugit
    tempus_fugit Posts: 1,189 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Excellent news. That's an extra £60 a year on our two accounts. :)
    Retired at age 56 after having "light bulb moment" due to reading MSE and its forums. Have been converted to the "budget to zero" concept and use YNAB for all monthly budgeting and long term goals.
  • Mchambers
    Mchambers Posts: 1,054 Forumite
    5% is nice. I am looking for money due to their incompetence and inconvenience caused to me. They refused to give me a bonus for switching my account to them a few months ago. The compensation will be poetic justice.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture