TSB launches new 'Spend and Save' current account

TOP_CAT

WillPS said:

Nothing to stop you trying the Spend & Save Plus for a month. And nothing to stop you deciding it's not for you and going back to Spend & Save, after which you'd be eligible for another 6 months of £5 cashbacks.

Could you do that with three spend and saves or just one ?

WillPS

No idea. What are the restrictions on number of Spend & Saves you can hold?

bristolleedsfan

TOP_CAT said:

WillPS said:

Nothing to stop you trying the Spend & Save Plus for a month. And nothing to stop you deciding it's not for you and going back to Spend & Save, after which you'd be eligible for another 6 months of £5 cashbacks.

Could you do that with three spend and saves or just one ?

https://www.tsb.co.uk/spend-and-save-plus-account/
You can have one Spend & Save Plus account in your own name and one Spend & Save Plus in joint names.

keiran

I can't see in the terms that there's an option to downgrade to a spend and save from a send and save plus account, although 
I do see that there's an option to close the account within 30 days.
And even if the account is downgraded, is it certain that you'll be allowed another lot of £5 for six months?

bristolleedsfan

keiran said:

I can't see in the terms that there's an option to downgrade to a spend and save from a send and save plus account, although 
I do see that there's an option to close the account within 30 days.
And even if the account is downgraded, is it certain that you'll be allowed another lot of £5 for six months?

S+S + can be downgraded in same way as it gets upgraded, I would be suprised if another £5 x 6 can be gained having previously had 6 x £5 from S+S account

crumpet_man

why bother with the plus account?  Just open another regular spend and save.

TOP_CAT

Thats what I was thinking as crumpetman suggests !

WillPS

crumpet_man said:

why bother with the plus account?  Just open another regular spend and save.

No credit check.

bristolleedsfan said:

keiran said:

I can't see in the terms that there's an option to downgrade to a spend and save from a send and save plus account, although 
I do see that there's an option to close the account within 30 days.
And even if the account is downgraded, is it certain that you'll be allowed another lot of £5 for six months?

S+S + can be downgraded in same way as it gets upgraded, I would be suprised if another £5 x 6 can be gained having previously had 6 x £5 from S+S account

Why? There is no term that states that it can only be had once per account number, nor any exclusion on changing from another account type (only Classic is excluded).

Yorkshire_Pud

Plus account has a monthly charge of £3 which dents the £5 cashback even though it’s unlimited duration.

Six max £5 cashback per spend and save account. That’s it. No second time around.

Open another or convert existing Classic plus if desperate for another string of six fivers.

WillPS

Yorkshire_Pud said:

Plus account has a monthly charge of £3 which dents the £5 cashback even though it’s unlimited duration.

Six max £5 cashback per spend and save account. That’s it. No second time around.

Open another or convert existing Classic plus if desperate for another string of six fivers.

https://www.tsb.co.uk/current-account-cashback-termsandconditions.pdf

Tell me where the terms and conditions mention this maximum of six £5 cashback payments.

Whether or not it happens, I guess we'll see.