Change to TSB Classic Plus interest

Tricky_Trees

I've just followed the link from the Banking page to open a TSB account and they are advising that the interest rate will fall from 3% to 1.5% on 2/5/20. I was intending to use this account for funds that I can tie up so better options are available.

Robisere

From May, the TSB Classic account interest rate is reducing from 3% to 1½%. As soon as my house move is done, I will be off. It was worth the occasional mistakes and internet incompetence whilst it was 5% on the Classic and the Monthly Saver, up to £2,500. Then they reduced it to (up to) £1,500. Then 3%. This is the last straw, I will probably go back to NW. No branch within 22 miles, but I am now used to internet and mobile banking. (took a while to get there at my age)

JustAnotherSaver

Great. 

Today ill I’ll be having lasagne for dinner. 

Who else wishes to share?

castle96

It's still not a 'bad' rate when compared to others (which are 'all' falling anyway). Look at the MSE best rate tables. You can get more if you tie up for 1/2/3 years

PRAISETHESUN

Previous discussion on the subject: https://forums.moneysavingexpert.com/discussion/6104387/tsb-interest-rate-drop/p1

Robisere

Well thanks for all that criticism. I posted that yesterday after returning from hospital, a little woozy and having received the good news that I am in remission. At almost 75 I don't always get things right, so excuse me for my imperfections, I didn't realise I was amongst the perfect here. I believed I was making someone aware of an issue and didn't realise that there was another Thread until after I posted. Maybe I'll leave it to the experts from now on.

veryintrigued

Robisere said:

Well thanks for all that criticism. I posted that yesterday after returning from hospital, a little woozy and having received the good news that I am in remission. At almost 75 I don't always get things right, so excuse me for my imperfections, I didn't realise I was amongst the perfect here. I believed I was making someone aware of an issue and didn't realise that there was another Thread until after I posted. Maybe I'll leave it to the experts from now on.

Many, many congrats on the remission.

That's far more important than any replies on this thread.

Enjoy your weekend.

soulsaver

Robisere said:

Well thanks for all that criticism. I posted that yesterday after returning from hospital, a little woozy and having received the good news that I am in remission. At almost 75 I don't always get things right, so excuse me for my imperfections, I didn't realise I was amongst the perfect here. I believed I was making someone aware of an issue and didn't realise that there was another Thread until after I posted. Maybe I'll leave it to the experts from now on.

 
I'll sip my drop of Ardbeg to your good news and continued health :cheers: and best wishes.