TSB ClassicPlus revisited

buyhighselllow

Hi DAK if you can open one of these again if you have been a previous account holder who switched out ?
I know online applications are currently suspended but wouldn't mind the 5% on a couple accounts for me and my wife once they are up and running

I will throw in a second question, can a couple have 3 accounts between them maximum ?

xylophone

You apply and as with any other bank, you're accepted or you're not?

https://www.tsb.co.uk/current-accounts/classic-plus-account/?WT.ac=A00254

PRAISETHESUN

AFAIK there's no restriction on having previously held the account, just that you can't hold more than 2 accounts in your own name (1 individual and 1 joint - so you can hold 3 accounts between a couple). Online applications are only suspended due to their IT problems, but you are able to open new accounts in branch

JuicyJesus

I'd be looking at the thread here before going anywhere near TSB to be quite honest: https://forums.moneysavingexpert.com/discussion/5899463

lovingtescoforever

You can now open accounts online!! Finally. As I hate going into branch. Just opened one.

lovingtescoforever

IanManc wrote: »

Don't forget to report back when it all turns to 5h1t. :rotfl::rotfl::rotfl::rotfl:

Lol!

Only using it for the interest! £6.25 a month per account isn’t too be sniffed at :money:

This might be a stupid question but if there’s £1,500 in the account after paying £500 in you get the interest. If the interest makes the balance £1,506.25 and you do the £500 in and out again, as the balance is over £1,500. Will the interest not apply?

ceredigion

lovingtescoforever wrote: »

You can now open accounts online!! Finally. As I hate going into branch. Just opened one.

Not a classic account though.

Ben8282

Are you sure you want anything to do with TSB after the fiasco earlier this year?

RG2015

lovingtescoforever wrote: »

Lol!

Only using it for the interest! £6.25 a month per account isn’t too be sniffed at :money:

This might be a stupid question but if there’s £1,500 in the account after paying £500 in you get the interest. If the interest makes the balance £1,506.25 and you do the £500 in and out again, as the balance is over £1,500. Will the interest not apply?

I agree. What's not to like about this? I too, have just opened a new account.

But to be fair with the best easy access account at 1.50% the true extra rate is 3.39% gross (4.89% - 1.50%) so for a 31 day month extra interest will be £4.32 (£6.23 - £1.91).

As regards your question, monthly interest will be paid on up to £1,500 even if you balance is greater so it is best to transfer the interest out.

Cotta

Ben8282 wrote: »

Are you sure you want anything to do with TSB after the fiasco earlier this year?

If only it was earlier this year, I've been locked out of my account since April.

Mnd

Cotta wrote: »

If only it was earlier this year, I've been locked out of my account since April.

That is earlier this year isn't it?