TSB to increase classic plus rate to 5%

Zero_Sum

Kernel_Sanders wrote: »

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??

Its more that i want to know everything is set up correct, as you had to register for various stuff to get it.

Cotta

So is it 5% interest for everyone who has a classic account with balances up to £1500?

skcollobcat10

Question answered

Zero_Sum

Well it still hasnt gone on.

AirlieBird

Cotta wrote: »

So is it 5% interest for everyone who has a classic account with balances up to £1500?

No, it's 5% for the classic plus account. There is no interest for the classic account although TSB will announce soon how classic account customers can upgrade to classic plus.

Zero_Sum

Looks like my paperless statement box wasnt ticked. Pretty sure i did mind.
Eitherway its a very sly to have to do this seperate to the internet bannking registration, and looks like its designed to rip customers off for 1 month interest & the £10 cash back . And why i do click on it, it wont let me confirm.

I'll try to argue this is part of the upgrade thats left me out of pocket, as its changed my settings.

huw01

Just had an email from TSB and one paragraph says

!!!8220;For Classic Plus customers, as well as waiving overdraft fees and interest charges incurred in March and April, to show how grateful we are for your loyalty and patience, we are also increasing the interest rate on our Classic Plus account from 3% to 5%. We promise this won!!!8217;t be taken away after a year!!!8221;

So that will be around the 13 month mark we get the 5% for - call me sceptical

ColdIron

Received the same just now, this is a bit of a row back from 'forever'

liamcov

ColdIron wrote: »

Received the same just now, this is a bit of a row back from 'forever'

But who ever said 'forever' anyway?

beefturnmail

Forever is a long time - TSB were unlikely to commit to that. What would they do when the Sun dies?