TSB to cut interest rate on its current account to 3% - MSE News

MABLE

Oh well good while it lasted.

aj23_2

Kinda out of options now. I'll keep it because it's still 3% on £1500.

Can't have Nationwide FlexDirect because I've already had it and won't get the 5% again, already had accounts with HSBC, NatWest and Halifax so I can't get the cash switch again from them yet as I've held them since their date limits. I have Tesco but that's dropping. Santander have fees and it wouldn't be worth it for me. Already have First Direct.

No other decent offers about atm.

One way to maintain 5% with TSB is to open the linked 2% Monthly Saver, so you'd nearly make up the difference give or take a few pounds, over 12 months.

YorkshireBoy

aj23 wrote: »

One way to maintain 5% with TSB is to open the linked 2% Monthly Saver, so you'd nearly make up the difference give or take a few pounds, over 12 months.

On the basis that 3+2=5?

Or have I missed something?

ColdIron

aj23 wrote: »

One way to maintain 5% with TSB is to open the linked 2% Monthly Saver, so you'd nearly make up the difference give or take a few pounds, over 12 months.

Have you thought of adding two Tesco current accounts at 1%? You'd get almost 7%

wizk1

ColdIron wrote: »

Have you thought of adding two Tesco current accounts at 1%? You'd get almost 7%

Why stop there? Take out a payday loan and reach the dizzy heights of 1507%

binaryuniverse

Tesco dropping to 1%. NW dropping their regular saver. This going to back down to 3%.

Stoozing options are dropping fast. Wouldn't surprise me if the HSBC group drop their regular savers to 3% as well.

Alexland

Broken promises, broken computers and now TSB want us to recommend them!

saintalan

Time for a class action.


Now who could we get to front it. Surely they don't want more customer dissatisfaction? Well they probably don't care.


I will at least be replying to the mail.



Cheers


Alan

wizk1

saintalan wrote: »

Time for a class action.


Now who could we get to front it. Surely they don't want more customer dissatisfaction? Well they probably don't care.


I will at least be replying to the mail.



Cheers


Alan

I have already raised a complaint with TSB, citing the email promising the 5% rate would stay, along with the BBC interview with Paul Peston. I was given a multitude of excuses as expected, but I made it perfectly clear that I would escalate this to the ombudsman if necessary.

YorkshireBoy

wizk1 wrote: »

I have already raised a complaint with TSB, citing the email promising the 5% rate would stay, along with the BBC interview with Paul Peston. I was given a multitude of excuses as expected, but I made it perfectly clear that I would escalate this to the ombudsman if necessary.

Paul who? Hope you got his name right on the complaint.

What are you seeking by way of a resolution to your complaint?...5% for ever?...5% for another few months, maybe 6-12 months?...£25 to 'go away'? The first two aren't going to happen (because there's not only you involved). The last might happen, by way of goodwill. So what do YOU want? It's a question you'll be asked so might be an idea to have an answer ready.


EDIT: In hindsight, their lawyers should have stepped in and inserted something to the effect of "for as long as the Plus account is available".