TSB classic plus and Classic Enhance interest rates reduction to 0%

Sea_Shell

veryintrigued said:

Dont forget to empty your accounts folks.

Wouldn't want to leave it too late for TSBs clunky systems to experience issues at the last moment.

I'll be keeping a tiny amount in and also keep one of them fed with £25 to feed into a RS.

Thanks, yes, all empty except for £500 to feed our TSB reg savers at the start of December.  

Tragen

Sea_Shell said:

Thanks, yes, all empty except for £500 to feed our TSB reg savers at the start of December.  

Is it worth it for £14.16 ? at these percentages, i throw everything into premium bonds for now, at least there is the possibility of a large prize, as well as an average interest rate of 0.9% tax free

Sea_Shell

Tragen said:

Sea_Shell said:

Thanks, yes, all empty except for £500 to feed our TSB reg savers at the start of December.  

Is it worth it for £14.16 ? at these percentages, i throw everything into premium bonds for now, at least there is the possibility of a large prize, as well as an average interest rate of 0.9% tax free

We're still on 2% with ours.  It's an on going funding, not starting in December!! 😉

NottinghamKnight

Tragen said:

Sea_Shell said:

Thanks, yes, all empty except for £500 to feed our TSB reg savers at the start of December.  

Is it worth it for £14.16 ? at these percentages, i throw everything into premium bonds for now, at least there is the possibility of a large prize, as well as an average interest rate of 0.9% tax free

I've maxed premium bonds but look on this as part of my equity bond allocation as much as savings, with government bond yields now negative. My RS finishes up after Xmas so I'll hang on until then and then do a switch to virgin for the wine, pickings are slim bit I'll take what I can get.

bristolleedsfan

To convert these accounts to Spend And Save after 1 December   Change Your Account | Help | TSB Bank

polymaff

bristolleedsfan said:

To convert these accounts to Spend And Save after 1 December   Change Your Account | Help | TSB Bank

"we'll send a confirmation email to the email address you have registered for TSB Internet Banking. (Please note, this email indicates that you will receive a new debit card and PIN. Please ignore this"

Classic TSB. ...

colsten

bristolleedsfan said:

To convert these accounts to Spend And Save after 1 December   Change Your Account | Help | TSB Bank

What are you hoping to gain from that? They will not pay the monthly fivers for S&S accounts that were converted from the old Plus accounts. You need to open new ones if you want the fivers.

bristolleedsfan

colsten said:

bristolleedsfan said:

To convert these accounts to Spend And Save after 1 December   Change Your Account | Help | TSB Bank

What are you hoping to gain from that? They will not pay the monthly fivers for S&S accounts that were converted from the old Plus accounts. You need to open new ones if you want the fivers.

I am pretty sure that a Classic Plus account is not the same as a Classic Account.

This post highlights distinct difference between Classic and Classsic Plus account

https://forums.moneysavingexpert.com/discussion/comment/77745155/#Comment_77745155

Cashback Terms and ConditionsEligibility 1.1 You are eligible for cashback if you open a new Spend & Save account or Spend & Save Plus account. Opening a new account includes changing an existing TSB account, other than a Classic account, to a Spend & Save or Spend & Save Plus account.

Herbalus

Interest stops on Wednesday doesn’t it? Or have I missed something? My diary says interest stops from 2 Dec so there’s a few more days yet.

Sea_Shell

Herbalus said:

Interest stops on Wednesday doesn’t it? Or have I missed something? My diary says interest stops from 2 Dec so there’s a few more days yet.

You're going to trust their IT on the day!!? 😉

🍀