TSB Plus account - interest rate reducing to 0%

techwatcher

Just had an email from TSB saying that they are 'changing' the interest rate on the Plus account from 1.5% to 0% on December 2nd 2020.

PRAISETHESUN

Was expecting this to happen eventually. They have also closed the account to new customers it seems:
https://www.tsb.co.uk/current-accounts/classic-plus-account/

EDIT:
Also being discussed on the bank account board: https://forums.moneysavingexpert.com/discussion/6193662/tsb-classic-plus-and-classic-enhance-interest-rates-reduction-to-0#latest

Polly05

Ahh I've not had that email yet..  I'll make a note of it just now. Thanks 

chockydavid1983

Another one bites the dust! :-(

mrkds

I got this when it paid out 5%. How times have changed.

[Deleted User]

Time to say goodbye to TSB then.

Frogletina

With 3 classic accounts (now spend and save), two classic plus accounts and a vantage  account, I'll have plenty of accounts for switching offers

talexuser

My 2% monthly saver has April as the end point. 

Frogletina

talexuser said:

My 2% monthly saver has April as the end point. 

 Ah, forgot my monthly saver. Mines just got 2 months to go

I-LOV-MONEY

Made a diary note for 1 December to move the money under the pillow !

DragonQ

Dang. I am not sure where to actually put cash for monthly bills now; TSB was always my fallback account where I could keep cash for those standing orders, earn some interest, and top it up every week or so. Club Lloyds would work but at only 0.6%, pretty dire.