TSB Classic Plus interest rate history?

JustAnotherSaver

What has been the history on this interest rate for the account?

I just logged in to my account to syphon off the interest and noticed it was less than usual. I've had a look and see that the rate is 1.50% which i thought it was anyway but i guess it mustn't have been and must have been higher than this?

I got £3.64 last month, £1.90 this month.

What has it come to when we're scrambling around for a couple quid? LoL.

Ed-1

JustAnotherSaver said:

What has been the history on this interest rate for the account?

I just logged in to my account to syphon off the interest and noticed it was less than usual. I've had a look and see that the rate is 1.50% which i thought it was anyway but i guess it mustn't have been and must have been higher than this?

I got £3.64 last month, £1.90 this month.

What has it come to when we're scrambling around for a couple quid? LoL.

5% from March 2014 to December 2016.
3% from January 2017 to April 2018.
5% from May 2018 to June 2019.
3% from July 2019 to April 2020.
1.5% from May 2020 onwards.

Zanderman

5 then 3 then 5 then 3 and now 1.5
As for the scrambling around - there's a lot of discussion on lots of threads!

JustAnotherSaver

Danke.

Well it's still money for sitting on my backside where i'd otherwise be browsing YouTube.

I do wonder where i'll draw the line though. Will i still be cycling money for a few pence? Haha. I shouldn't laugh, I may end up in that situation.

General_Grant

JustAnotherSaver said:

Danke.

Well it's still money for sitting on my backside where i'd otherwise be browsing YouTube.

I do wonder where i'll draw the line though. Will i still be cycling money for a few pence? Haha. I shouldn't laugh, I may end up in that situation.

I'd be willing to move £10K (not with TSB but another body) in order to earn 70p in 18 days (when rate reduces) but bookkeeper doesn't think it worth it for pennies to record moving from current account to savings and back again.

ST-User

General_Grant said:

bookkeeper doesn't think it worth it for pennies to record moving from current account to savings and back again.

It's really not worth the time, but this is a matter of principle that we move out all money from accounts that pay only pathetic interest rates.

Archi_Bald

ST-User said:

General_Grant said:

bookkeeper doesn't think it worth it for pennies to record moving from current account to savings and back again.

It's really not worth the time, but this is a matter of principle that we move out all money from accounts that pay only pathetic interest rates.

I can only find one instant access account that pays a better rate than TSB but that one only pays interest on up to £1,000. Where are you going to move your TSB money to? 

dcs34

Regular savers paying >2% ?

Archi_Bald

dcs34 said:

Regular savers paying >2% ?

Which one(s) of these do have instant access?

EarthBoy

Archi_Bald said:

dcs34 said:

Regular savers paying >2% ?

Which one(s) of these do have instant access?

Club Lloyds Monthly Saver.  I'm getting 2.5%, but it's  2% for new accounts.