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TSB classic account question

Can someone jog my memory please,

TSB classic account, the £500 a month you pay into the account, is that to gain interest or to avoid a monthly fee? I just can’t remember.

For the time being I wish to keep my two accounts open when the interest rate drops to nil, so if the £500 is to get interest obviously I can stop funding the accounts and just leave them open with a fiver in each.


I choose the rooms that I live in with care,
The windows are small and the walls almost bare,
There's only one bed and there's only one prayer;
I listen all night for your step on the stair.

Comments

  • Thanks colsten, I missed the heading 'Other accounts' on website.
    I choose the rooms that I live in with care,
    The windows are small and the walls almost bare,
    There's only one bed and there's only one prayer;
    I listen all night for your step on the stair.
  • EarthBoy
    EarthBoy Posts: 3,225 Forumite
    Part of the Furniture 1,000 Posts Name Dropper

    TSB classic account, the £500 a month you pay into the account, is that to gain interest or to avoid a monthly fee? I just can’t remember.

    For the time being I wish to keep my two accounts open when the interest rate drops to nil, so if the £500 is to get interest obviously I can stop funding the accounts and just leave them open with a fiver in each.


    I presume you mean the Classic Plus account?  The Classic account has never paid any interest, so there's no pay-in requirement.
  • Yes earth boy I do mean the plus account, thanks for pointing that out 
    I choose the rooms that I live in with care,
    The windows are small and the walls almost bare,
    There's only one bed and there's only one prayer;
    I listen all night for your step on the stair.
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