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Comments

  • liamcov
    liamcov Posts: 659 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Does anyone know if I need to keep funding my TSB Plus account with £500 a month now the rate has reduced? (This was/is a feeder account and I've tried looking on TSB but their site is down).
  • castle96
    castle96 Posts: 3,038 Forumite
    Part of the Furniture 1,000 Posts
    I've cancelled all my rolling £500 credits and left a £1 in each
  • Eco_Miser
    Eco_Miser Posts: 4,992 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    liamcov said:
    Does anyone know if I need to keep funding my TSB Plus account with £500 a month now the rate has reduced? (This was/is a feeder account and I've tried looking on TSB but their site is down).
    Somewhere among the bumph sent when they stopped paying interest and changed other T&Cs was the info that there is, obviously, no minimum payment required to earn the non-existent interest.
    Eco Miser
    Saving money for well over half a century
  • where_are_we
    where_are_we Posts: 1,293 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    liamcov said:
    Does anyone know if I need to keep funding my TSB Plus account with £500 a month now the rate has reduced? (This was/is a feeder account and I've tried looking on TSB but their site is down).

    Yes - cancel the in/out £500 Standing Order at both ends. If you have a TSB monthly saver still running remember to fund it. As has already been said leave £1 in it for possible switching offer or current account necessary savings offer further down the line.
  • someone
    someone Posts: 841 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Re Tipton BS App Reg Saver (currently not on sale)
    I made a mistake that I thought would be worth pointing out in case others have done the same.
    Each month the balance is printed. When I checked in early Dec if my payment had made it to the account I thought it had but in fact I was reading the line with the months starting balance. It appears I never set up the SO, just made the initial deposit by faster payments 🤦‍♂️. When I checked in Dec I assumed the difference in balance was uncleared funds.  If it hadn't been for the interest been paid on the 31st Dec and checking in Jan I might have missed this and left it for the entire year!


    (The above only shows two transactions, one on 19th Nov paying in £500 and one on 31st Dec with Tipton Applying interest)
  • adindas
    adindas Posts: 6,856 Forumite
    Part of the Furniture 1,000 Posts Name Dropper

    I have KRBS regular saving that will mature at the end of January. Does anyone know the best way to close that accountant and possibly open a new one without the need to visit their branch?

    I do not mind if I would not be able to open a new RSA if I could still get the account closed and get it transferred to my link account (or get Cheque).

    Thank you for your information.



  • Ken68
    Ken68 Posts: 6,825 Forumite
    Part of the Furniture 1,000 Posts Energy Saving Champion Home Insurance Hacker!
    Ken68 said:
    Beggar......Posted mine today, been thinking about it for a few days. Lesson earned. 
    Accepted at 1.35%, received the guff this morning. Not now on offer.
  • SueDebt
    SueDebt Posts: 36 Forumite
    Part of the Furniture 10 Posts
    adindas said:

    I have KRBS regular saving that will mature at the end of January. Does anyone know the best way to close that accountant and possibly open a new one without the need to visit their branch?

    I do not mind if I would not be able to open a new RSA if I could still get the account closed and get it transferred to my link account (or get Cheque).

    Thank you for your information.



    I'm pretty sure they wrote to me a couple of weeks before it matured.
    I know I then opened a new RS without having to visit the branch.
    Maybe try ringing them to check. 
  • Fingerbobs
    Fingerbobs Posts: 1,719 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Ken68 said:
    Ken68 said:
    Beggar......Posted mine today, been thinking about it for a few days. Lesson earned. 
    Accepted at 1.35%, received the guff this morning. Not now on offer.
    Still nothing here. I posted mine to the Head Office address on their web site.

  • adindas said:

    I have KRBS regular saving that will mature at the end of January. Does anyone know the best way to close that accountant and possibly open a new one without the need to visit their branch?

    I do not mind if I would not be able to open a new RSA if I could still get the account closed and get it transferred to my link account (or get Cheque).

    Thank you for your information.



    When my KBRS regular saver matured last year I rang their customer service telephone helpline and successfully closed it over the phone and arranged a transfer of my funds to an external account.  At the time I didn't choose to open a new RS but the customer service agent asked me if I wanted to and would have opened one for me if I had wished.  Hope this helps.
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