TSB rate dropping

1356789

Comments

  • missile
    missile Posts: 11,684 Forumite
    Name Dropper Photogenic First Post Combo Breaker
    Bummer, I have received the e mail now :-(
    "A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
    Ride hard or stay home :iloveyou:
  • teddysmum
    teddysmum Posts: 9,471 Forumite
    First Anniversary Combo Breaker First Post
    missile wrote: »
    Bummer, I have received the e mail now :-(



    Did you think your account was going to get away with no reduction?:)
  • ARandomMiser
    ARandomMiser Posts: 1,756 Forumite
    Maximum_Saving wrote: »
    I read that the TSB Classic Plus Account will go from 5% to 3%. It will allow up to £1500. Right now it is £2000. I am very upset by this news. It will begin at the start of February next year. It is currently one of the best deals.
    No sense in being upset, it isn't personal and was pretty much guaranteed to happen when the interests rates dropped.

    Probably move mine out into an S&S ISA.
    IITYYHTBMAD
  • Biggles
    Biggles Posts: 8,209 Forumite
    Combo Breaker First Post
    MissTasmanian wrote: »
    Is this on the contactless transactions? So no word on if they'll drop it then
    That was always planned to end on 31 Dec 16 anyway, no change there.
  • MadMat
    MadMat Posts: 266 Forumite
    First Anniversary First Post Combo Breaker
    Wonder how they'll decide which is the "second" account ? I opened both mine on the same date . . .

    Mat
  • LuSiVe
    LuSiVe Posts: 1,059 Forumite
    First Anniversary Combo Breaker First Post Name Dropper
    I really hope they're sensible enough to shut the one that *isn't* linked to the regular saver :)
  • Mee
    Mee Posts: 1,441 Forumite
    Name Dropper First Anniversary Photogenic First Post
    ARandomMiser wrote: »
    No sense in being upset, it isn't personal and was pretty much guaranteed to happen when the interests rates dropped.

    Probably move mine out into an S&S ISA.

    I was expecting the rate drop but not the balance change - that's a bit severe!
    Free thinker.:cool:
  • Be_Happy
    Be_Happy Posts: 1,391 Forumite
    First Post Combo Breaker First Anniversary
    Me too. I was expecting a rate cut or a balance cut, but not both.
  • badger09
    badger09 Posts: 11,201 Forumite
    First Post First Anniversary Name Dropper
    LuSiVe wrote: »
    I really hope they're sensible enough to shut the one that *isn't* linked to the regular saver :)

    They're not 'shutting it', they 'may convert it to an Enhance account or another current account'.
  • LuSiVe
    LuSiVe Posts: 1,059 Forumite
    First Anniversary Combo Breaker First Post Name Dropper
    badger09 wrote: »
    They're not 'shutting it', they 'may convert it to an Enhance account or another current account'.

    Yeah, I thought it was linked to having that particular current account but it seems any will do.

    Although if they convert it to one with 0.75% interest I'll not have any money in it any more so it'll add to the money bouncing around list :(

    I'd prefer if I got a choice so I can keep the linked one.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.1K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.2K Work, Benefits & Business
  • 607.9K Mortgages, Homes & Bills
  • 173K Life & Family
  • 247.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards