TSB Interest Increased??
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supershrimper
Posts: 5 Forumite
I have just checked my interest today for my 2 TSB accounts. Both have had the ful £1,500 in them but both have only earnt £3.41 in interest.
I was under the impression that they was raising the interest they paid on the current account to 5% from the 3% from the 2nd May 2018?
If thats true the interest would be around the £6.00 mark (£1,500 x 5% = £75 / 12 months)
Anyone else found this?
I was under the impression that they was raising the interest they paid on the current account to 5% from the 3% from the 2nd May 2018?
If thats true the interest would be around the £6.00 mark (£1,500 x 5% = £75 / 12 months)
Anyone else found this?
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Comments
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How have you got interest in your account today when it does not get paid until tomorrow ?0
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supershrimper wrote: »I have just checked my interest today for my 2 TSB accounts. Both have had the ful £1,500 in them but both have only earnt £3.41 in interest.
I was under the impression that they was raising the interest they paid on the current account to 5% from the 3% from the 2nd May 2018?
If thats true the interest would be around the £6.00 mark (£1,500 x 5% = £75 / 12 months)
Anyone else found this?
Out of interest, where did you get the impression that the rate was being raised?0 -
moneysavingexpert.com/banking/online-tsb-banking-problems-complain
Under "What action has TSB taken?" heading Last bullet point0 -
Out of interest, where did you get the impression that the rate was being raised?
https://www.tsb.co.uk/personal/frequently-asked-questions/We have also increased the interest rate on our Classic Plus account from 3% to 5%. We promise this won't be taken away after a year.0 -
Ah your right, the £3.41 interest i earnt was for the previous month.
After not being able to view transaction on the app (even though i've got transactions going through) i logged onto the web, and saw the interest amount (but as its not what i'm used to using the app i've got confused.
Ignore the thread (until they do pay the interest) Will be interesting to see if they get that right0 -
when i log into the app on the iPhone I can't see a statement, only ballance. I'd better update the app (again) to see if it helps0
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£6.24 interest credited to my account this morning. It looks about right for 5% on the full £1500 for 31 days.
Perhaps they are starting to sort out their problems at last.0 -
My interest is also what I'd expect for 5%.:beer:0
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No interest at all for me so perhaps they haven't sorted themselves out:(If at first you don't succeed, sky diving is not for you!0
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Yep full interest here too!:j
(and it allowed me to transfer it out no probs either)How's it going, AKA, Nutwatch? - 12 month spends to date = 2.38% of current retirement "pot" (as at end April 2024)0
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