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  • FIRST POST
    • M0ney
    • By M0ney 11th Oct 18, 2:05 PM
    • 443Posts
    • 197Thanks
    M0ney
    TSB 2nd classic plus account
    • #1
    • 11th Oct 18, 2:05 PM
    TSB 2nd classic plus account 11th Oct 18 at 2:05 PM
    Hi all,


    Several years ago I opened 2 TSB classic plus current accounts in order to be able to take advantage of the 2 * 2000 pounds at 5% interest, I see this is now down to 1500 per account but my question is, do I need to convert one of these to a joint account so that they both get the 5% interest or will I get the 5% on both without doing this since I opened the account prior to one of the accounts needing to be a joint account?


    TIA
Page 1
    • xylophone
    • By xylophone 11th Oct 18, 2:15 PM
    • 31,359 Posts
    • 19,436 Thanks
    xylophone
    • #2
    • 11th Oct 18, 2:15 PM
    • #2
    • 11th Oct 18, 2:15 PM
    I receive 5% on both sole accounts.
    • SevenOfNine
    • By SevenOfNine 11th Oct 18, 3:34 PM
    • 1,595 Posts
    • 1,699 Thanks
    SevenOfNine
    • #3
    • 11th Oct 18, 3:34 PM
    • #3
    • 11th Oct 18, 3:34 PM
    I receive 5% on both sole accounts.
    Originally posted by xylophone
    2 individual, 1 joint & husband has individual. 5% on all 4.
    Seen it all, done it all, can't remember most of it.
    • colsten
    • By colsten 11th Oct 18, 3:38 PM
    • 11,026 Posts
    • 10,312 Thanks
    colsten
    • #4
    • 11th Oct 18, 3:38 PM
    • #4
    • 11th Oct 18, 3:38 PM
    Just keep your heads down and don't ask, or answer!!!!, questions about it on public forums.
    • NotRichAtAll
    • By NotRichAtAll 11th Oct 18, 4:29 PM
    • 809 Posts
    • 689 Thanks
    NotRichAtAll
    • #5
    • 11th Oct 18, 4:29 PM
    • #5
    • 11th Oct 18, 4:29 PM
    i thought it was always 1500 with tsb?
    • badger09
    • By badger09 11th Oct 18, 4:39 PM
    • 7,401 Posts
    • 6,940 Thanks
    badger09
    • #6
    • 11th Oct 18, 4:39 PM
    • #6
    • 11th Oct 18, 4:39 PM
    i thought it was always 1500 with tsb?
    Originally posted by NotRichAtAll
    No. It was 2k when first introduced.
    • SevenOfNine
    • By SevenOfNine 12th Oct 18, 9:57 AM
    • 1,595 Posts
    • 1,699 Thanks
    SevenOfNine
    • #7
    • 12th Oct 18, 9:57 AM
    • #7
    • 12th Oct 18, 9:57 AM
    Just keep your heads down and don't ask, or answer!!!!, questions about it on public forums.
    Originally posted by colsten
    That's the beauty of a PUBLIC FORUM, people can ask or answer whatever they like pretty much, without a self elected board monitor telling them not to!

    At the time of T&Cs changing, TSB notified multiple a/c holders that their 2nd a/c's may be closed to the interest, they didn't follow through & I don't for 1 minute think they 'forgot', so NO-ONE is letting any sort of secret out of the bag.

    Honestly, sometimes...……………………!
    Seen it all, done it all, can't remember most of it.
    • M0ney
    • By M0ney 12th Oct 18, 3:40 PM
    • 443 Posts
    • 197 Thanks
    M0ney
    • #8
    • 12th Oct 18, 3:40 PM
    • #8
    • 12th Oct 18, 3:40 PM
    That's 1500 back in each of these accounts, I'll let yous know at the start of next month how much interest I receive, but Sssshhh, don't tell anyone! ;-)
    • colsten
    • By colsten 12th Oct 18, 6:46 PM
    • 11,026 Posts
    • 10,312 Thanks
    colsten
    • #9
    • 12th Oct 18, 6:46 PM
    • #9
    • 12th Oct 18, 6:46 PM

    Honestly, sometimes...!
    Originally posted by SevenOfNine
    Honestly, the naivety of some people ..........
    • SevenOfNine
    • By SevenOfNine 12th Oct 18, 7:14 PM
    • 1,595 Posts
    • 1,699 Thanks
    SevenOfNine
    Honestly, the naivety of some people ..........
    Originally posted by colsten
    I agree.

    You should be more concerned about TSB noticing they're compensating someone with TWO Classic Plus accounts to the tune of 150 for inconvenience following the IT fiasco, & many more with multiple accounts no doubt.

    More obvious than them 'noticing' this thread, not that they need to according to my friend who works for TSB, surprise surprise, TSB are well aware & always have been.

    https://forums.moneysavingexpert.com/showthread.php?t=5905427
    Last edited by SevenOfNine; 12-10-2018 at 7:59 PM.
    Seen it all, done it all, can't remember most of it.
    • newlease
    • By newlease 15th Jun 19, 9:27 PM
    • 84 Posts
    • 13 Thanks
    newlease
    How can I check the terms of my accounts? I opened in 2014 when two sole were allowed. Will I receive interest on both if I transfer 500 between the two each month?
    • YorkshireBoy
    • By YorkshireBoy 15th Jun 19, 9:58 PM
    • 30,970 Posts
    • 18,985 Thanks
    YorkshireBoy
    How can I check the terms of my accounts?
    Originally posted by newlease
    Sounds like you didn't keep a copy when you opened them, either paper or electronic? Lesson learned for the future there. Well the good news is they'll be broadly the same as those currently residing on the TSB website.
    I opened in 2014 when two sole were allowed. Will I receive interest on both if I transfer 500 between the two each month?
    If you meet the T&Cs, yes. You should check them yourself, but in a nutshell...
    To earn interest (paid monthly), all you need to do is pay in a minimum of 500 a month, register for Internet Banking, Paperless Statements and Paperless Correspondence and log in regularly.
    by TSB
    • hoc
    • By hoc 16th Jun 19, 3:14 PM
    • 309 Posts
    • 166 Thanks
    hoc
    I don't believe TSB have changed their terms or introduced new ones other than rate changes and the removal of being able to open the second account, there have never been direct debit requirements, you must be on paperless which is a rather unique requirement and the payment limit has always been 500 but I don't know whether it has to be funded from outside TSB.
    • EarthBoy
    • By EarthBoy 16th Jun 19, 3:29 PM
    • 2,196 Posts
    • 1,544 Thanks
    EarthBoy
    Will I receive interest on both if I transfer 500 between the two each month?
    Originally posted by newlease
    Yes, you will. That's what I, and lots of other people, do.


    the payment limit has always been 500 but I don't know whether it has to be funded from outside TSB.
    Originally posted by hoc
    No it doesn't.
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