TSB launches new 'Spend and Save' current account

crumpet_man

Definitely.  I'll wait til next month before trying to apply for a second account.
Incidentally, I could not apply for an account while logged in to TSB and it prompted me to setup a new online account.  Not sure if it will end up showing with my existing accounts or be a separate entity.

DiamondLil

crumpet_man said:

 and it prompted me to setup a new online account.  Not sure if it will end up showing with my existing accounts or be a separate entity.

It did the same for me when I opened another account a couple of months ago.

I ignore the new online set up and carry on using the existing log in; the new account is there with the existing accounts.

bob792

TSB Classic Plus & Classic Enhance

The credit interest amount will be 0% AER gross monthly from 2 December 2020

Don't think TSB have got around to telling us about this yet but it is buried away on their website:

https://www.tsb.co.uk/help-and-support/general/close-account/

click on "How to change your Classic Plus or Classic Enhance account into a Spend & Save Account", scroll down to "How does my account compare?", Note the double asterisks after "Interest paid monthly" and then scroll down to the bottom for the bad news. It's bye bye TSB for me.

Ed-1

bob792 said:

TSB Classic Plus & Classic Enhance

The credit interest amount will be 0% AER gross monthly from 2 December 2020

Don't think TSB have got around to telling us about this yet but it is buried away on their website:

https://www.tsb.co.uk/help-and-support/general/close-account/

click on "How to change your Classic Plus or Classic Enhance account into a Spend & Save Account", scroll down to "How does my account compare?", Note the double asterisks after "Interest paid monthly" and then scroll down to the bottom for the bad news. It's bye bye TSB for me.

That might be a tempting rate the way things are going!

ischris85

Ed-1 said:

bob792 said:

TSB Classic Plus & Classic Enhance

The credit interest amount will be 0% AER gross monthly from 2 December 2020

Don't think TSB have got around to telling us about this yet but it is buried away on their website:

https://www.tsb.co.uk/help-and-support/general/close-account/

click on "How to change your Classic Plus or Classic Enhance account into a Spend & Save Account", scroll down to "How does my account compare?", Note the double asterisks after "Interest paid monthly" and then scroll down to the bottom for the bad news. It's bye bye TSB for me.

That might be a tempting rate the way things are going!

true

Yorkshire_Pud

December 2nd 2020. Lots of donor accounts for the affected.

Will it still be necessary to pay in £500 a month to get the 0%?

colsten

Yorkshire_Pud said:

Will it still be necessary to pay in £500 a month to get the 0%?

No more minimum monthly pay-ins required. Instead, you need at least 30 DC transactions a month, and the entire bonanza [if it ever as one} will come to an end after 6 months.

Bye bye TSB in around March 2021.

Herbalus

colsten said:

Yorkshire_Pud said:

Will it still be necessary to pay in £500 a month to get the 0%?

No more minimum monthly pay-ins required. Instead, you need at least 30 DC transactions a month, and the entire bonanza [if it ever as one} will come to an end after 6 months.

Bye bye TSB in around March 2021.

Well, it might be that we still need the £500 pay in to get the 0%, but if we don’t achieve it, no 0% interest will be paid so we’ll get 0% instead....!

For those with more than 1 account, it’s either 60 or 90 debit card transactions per month. That’s going to take some dedication. I might have to pass on this offer.

colsten

For those with more than 1 account, it’s either 60 or 90 debit card transactions per month. That’s going to take some dedication. I might have to pass on this offer 

The effort per account is the same whether you have one or dozens of accounts.

Herbalus

colsten said:

For those with more than 1 account, it’s either 60 or 90 debit card transactions per month. That’s going to take some dedication. I might have to pass on this offer 

The effort per account is the same whether you have one or dozens of accounts.

Yes, I realise that. Not sure if your post was for me as I’m unsure what gave you the impression I wasn’t aware. 

I was addressing your comment of the “entire bonanza”, which for me is all of my accounts, hence the total number of debit card transactions is relevant.