We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
TSB classic plus and Classic Enhance interest rates reduction to 0%
Options
Comments
-
another one gone tesco ended the 1% as of today hardly anywhere left to get decent interest
my marcus account and lloyds i think are still 0.75% ? how long will that last1 -
It has meant £1.90 a month to me so it's no great loss. I have £500 going in on the 1st OTM and £250 to each of the TSB and Saffron RSs that I have. Which, on current plans, I won't be renewing. I don't do much more than 50 Debit Card transactions in a year, so I'm not going to go through the mind-bending time consuming ways to do 50 a month. Prefer the simpler life!2
-
Just received the email I will reduce accounts to £1 from 2nd December. Following on from the NS&I reducing from the end of November this is becoming a nightmare."Look after your pennies and your pounds will look after themselves"0
-
fred246 said:I remember reading that when Banco Sabadell bought TSB they were impressed by the number of people opening new current accounts with them. Of course they were just opening them as savings accounts because the interest rate was good. I am sure they will be impressed by the speed at which they will lose all those customers.
That's three accounts to switch at a later date ( I've done all the switching bonuses available for the present.)
A cunning plan, Baldrick? Whatever it was, it's got to be better than pretending to be mad; after all, who'd notice another mad person around here?.......Edmund Blackadder.0 -
I was thinking of closing my TSB accounts anyway.
1 -
At least it's positive that they're not dropping the interest rate on balances above the £1500 threshold.
9 -
Yorkshire_Pud said:PRAISETHESUN said:Looks like I'm going to have a few spare switching accounts in a few months time...
Hardly a suprise though with the way TSB seems to be wanting to "shake up" their offering.(Bring back Paul Pester)Sell it to Lloyds, I've even got a catchy new name for them...
Retired 1st July 2021.
This is not investment advice.
Your money may go "down and up and down and up and down and up and down ... down and up and down and up and down and up and down ... I got all tricked up and came up to this thing, lookin' so fire hot, a twenty out of ten..."7 -
6 accounts with them and only recently opened NS&I, also just switched from Santander to RBS0
-
I've just opened TSB's monthly saver for the guaranteed 1%, so I'll have to keep one account open. But there'll be another £3k looking for a home in December.
Eco Miser
Saving money for well over half a century0 -
quirkydeptless said:Yorkshire_Pud said:PRAISETHESUN said:Looks like I'm going to have a few spare switching accounts in a few months time...
Hardly a suprise though with the way TSB seems to be wanting to "shake up" their offering.(Bring back Paul Pester)Sell it to Lloyds, I've even got a catchy new name for them...
2
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards