TSB to increase classic plus rate to 5%

binaryuniverse

Thinking about it, the rate rise will be of little consolation to those that don't actually have the ability to have the full £1500 in there.

What do they get as a sorry?

djpix99

I read online somewhere that the 5% interest rate is effective from 2nd May for a year, has anyone had this confirmed?

RG2015

djpix99 wrote: »

I read online somewhere that the 5% interest rate is effective from 2nd May for a year, has anyone had this confirmed?

Any idea at all where you read this?

karlie88

RG2015 wrote: »

Any idea at all where you read this?

From Pesty boy himself:

https://twitter.com/PaulPester/status/989473042358292481

noh

And here

https://www.moneysavingexpert.com/banking/online-tsb-banking-problems-complain

"Announced it will increase the interest rate on its Classic Plus current account from 3% AER to 5% AER in from 2 May. However this interest is only paid on up to £1,500"

eskbanker

RG2015 wrote: »

Any idea at all where you read this?

karlie88 wrote: »

From Pesty boy himself:

https://twitter.com/PaulPester/status/989473042358292481

noh wrote: »

And here

https://www.moneysavingexpert.com/banking/online-tsb-banking-problems-complain

"Announced it will increase the interest rate on its Classic Plus current account from 3% AER to 5% AER in from 2 May. However this interest is only paid on up to £1,500"

I don't think anyone is needing repeated confirmation that the rate will be 5% from tomorrow (as this thread was created to discuss that piece of information), but believe that RG2015 was specifically questioning where djpix99 had seen that this rate would apply for a year, as the MSE piece says it's indefinite and there's no mention of a year that I can see on the Twitter thread.

RG2015

eskbanker wrote: »

I don't think anyone is needing repeated confirmation that the rate will be 5% from tomorrow (as this thread was created to discuss that piece of information), but believe that RG2015 was specifically questioning where djpix99 had seen that this rate would apply for a year, as the MSE piece says it's indefinite and there's no mention of a year that I can see on the Twitter thread.

Thank you Eskbanker,

I really must take a leaf out of your book and learn to be more precise in my posts!

Zero_Sum

Has anyone had their interest. I just opened one of these TSB accounts a few weeks back & not had my interest today ( or the £5 for 20 debit card transactions) Dunno whether just to wait a day or 2 before chasing it up

YorkshireBoy

Zero_Sum wrote: »

Has anyone had their interest. I just opened one of these TSB accounts a few weeks back & not had my interest today ( or the £5 for 20 debit card transactions) Dunno whether just to wait a day or 2 before chasing it up

Wait another 3 hours or so.


Disclaimer: With all their current troubles it wouldn't surprise me if it's not paid at the end of the first working day of the month (as it always is).

Kernel_Sanders

Zero_Sum wrote: »

Has anyone had their interest. I just opened one of these TSB accounts a few weeks back & not had my interest today ( or the £5 for 20 debit card transactions) Dunno whether just to wait a day or 2 before chasing it up

You're actually considering enquiring - to TSB of all banks - because your £3-odd of interest isn't showing before the end of the 1st day of the month??