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  • FIRST POST
    • supershrimper
    • By supershrimper 1st Jun 18, 11:21 AM
    • 5Posts
    • 6Thanks
    supershrimper
    TSB Interest Increased??
    • #1
    • 1st Jun 18, 11:21 AM
    TSB Interest Increased?? 1st Jun 18 at 11:21 AM
    I have just checked my interest today for my 2 TSB accounts. Both have had the ful 1,500 in them but both have only earnt 3.41 in interest.

    I was under the impression that they was raising the interest they paid on the current account to 5% from the 3% from the 2nd May 2018?

    If thats true the interest would be around the 6.00 mark (1,500 x 5% = 75 / 12 months)

    Anyone else found this?
Page 5
    • rosieraspberry
    • By rosieraspberry 24th Jun 18, 11:28 AM
    • 38 Posts
    • 15 Thanks
    rosieraspberry
    This post is super interesting! I can't believe some people have 7+ of these accounts! That's amazing!
    My husband has this account and I am interested in getting it as I'm sitting earning a 3 per month reward on my Halifax Reward account instead.
    I'm applying for a mortgage soon so probably shouldn't switch just yet, but I have just read this article which suggests that the 5 reward for having 2 DDs is ending in Dec 18 and so is the 5 reward for making 20 contactless purchases.
    Is this correct? Here's the article:
    https://becleverwithyourcash.com/the-best-bank-switching-cashback-interest-offers/#TSB

    I can also see nothing on the TSB website that mentions these 2 5 rewards
    https://www.tsb.co.uk/current-accounts/classic-plus-account/?WT.ac=A00254
    • Yorkshire Pud
    • By Yorkshire Pud 24th Jun 18, 9:26 PM
    • 912 Posts
    • 611 Thanks
    Yorkshire Pud
    This post is super interesting! I can't believe some people have 7+ of these accounts! That's amazing!
    My husband has this account and I am interested in getting it as I'm sitting earning a 3 per month reward on my Halifax Reward account instead.
    I'm applying for a mortgage soon so probably shouldn't switch just yet, but I have just read this article which suggests that the 5 reward for having 2 DDs is ending in Dec 18 and so is the 5 reward for making 20 contactless purchases.
    Is this correct? Here's the article:
    https://becleverwithyourcash.com/the-best-bank-switching-cashback-interest-offers/#TSB

    I can also see nothing on the TSB website that mentions these 2 5 rewards
    https://www.tsb.co.uk/current-accounts/classic-plus-account/?WT.ac=A00254
    Originally posted by rosieraspberry
    Those offers will end as you say but they aren't available for new customers at the moment either. With the turmoil at TSB all you will get at the moment is 5% interest on up to 1,500 on the classic account. Maybe best avoided for the short term or even longer if they don't sort it their myriad problems, two months now! The having more than a few accounts situation is very definitely a thing of the past.
    • colsten
    • By colsten 25th Jun 18, 9:02 AM
    • 9,063 Posts
    • 7,866 Thanks
    colsten
    I'm applying for a mortgage soon
    Originally posted by rosieraspberry
    If you are applying for a mortgage soon, it might be best if you leave applying for a new current account until after you got your mortgage. Current account applications have an effect on your credit rating.
    • soulsaver
    • By soulsaver 25th Jun 18, 10:26 AM
    • 1,749 Posts
    • 713 Thanks
    soulsaver
    Those offers will end as you say but they aren't available for new customers at the moment either. With the turmoil at TSB all you will get at the moment is 5% interest on up to 1,500 on the classic account. Maybe best avoided for the short term or even longer if they don't sort it their myriad problems, two months now! The having more than a few accounts situation is very definitely a thing of the past.
    Originally posted by Yorkshire Pud
    There is a Classic account - but it doesn't pay interest.
    • Nick_C
    • By Nick_C 4th Jul 18, 9:21 AM
    • 3,889 Posts
    • 5,389 Thanks
    Nick_C
    OT but please be aware that fraudsters are taking advantage of the tsb chaos.

    I received the following text, apparently from TSB, just after midnight:

    "Your online account has been disabled due to failed login attempts. To re-enable access go to your local branch or visit http://identity.tsb.name"

    The link takes you to a new scam site that was set up yesterday.

    As the message appears to come from TSB, it might fool some people.
    • gingercordial
    • By gingercordial 4th Jul 18, 6:24 PM
    • 1,171 Posts
    • 1,214 Thanks
    gingercordial
    OT but please be aware that fraudsters are taking advantage of the tsb chaos.

    I received the following text, apparently from TSB, just after midnight:

    "Your online account has been disabled due to failed login attempts. To re-enable access go to your local branch or visit http://identity.tsb.name"

    The link takes you to a new scam site that was set up yesterday.

    As the message appears to come from TSB, it might fool some people.
    Originally posted by Nick_C

    I have just received this myself via text. It is a "good" spoof in that it appears to have come from the same number as previous legitimate texts from TSB, which appear in the conversation history for this one.

    I am able to get into my accounts via the app as normal.

    Thanks for the warning - I may copy this onto the other TSB thread that is running as I have not yet seen it there.
    • soulsaver
    • By soulsaver 4th Jul 18, 7:58 PM
    • 1,749 Posts
    • 713 Thanks
    soulsaver
    I have just received this myself via text. It is a "good" spoof in that it appears to have come from the same number as previous legitimate texts from TSB, which appear in the conversation history for this one.

    I am able to get into my accounts via the app as normal.

    Thanks for the warning - I may copy this onto the other TSB thread that is running as I have not yet seen it there.
    Originally posted by gingercordial
    That's a safe TSB web addy on my PC, opens a pdf that tells you what you need for TSB ID check for a business ac. There is no request for info, no facility for input, no login etc.
    Last edited by soulsaver; 04-07-2018 at 11:44 PM. Reason: 'on my PC' added
    • Nick_C
    • By Nick_C 4th Jul 18, 8:11 PM
    • 3,889 Posts
    • 5,389 Thanks
    Nick_C
    It's not a safe address! It leads to a fake sign in screen designed to capture log in credentials.

    Virgin Media are now blocking it.
    • tempus_fugit
    • By tempus_fugit 4th Jul 18, 9:05 PM
    • 442 Posts
    • 404 Thanks
    tempus_fugit
    Yes, Nick_C is right. I have just accessed it and it has fields for login etc. They've even put a padlock symbol at the top left of the screen as if to try and make people think that it is a secure web page. The non https address should show that this is not the case.
    Retired at age 56 after having "light bulb moment" due to reading MSE and its forums. Have been converted to the "budget to zero" concept and use YNAB for all monthly budgeting and long term goals.
    • binaryuniverse
    • By binaryuniverse 4th Jul 18, 10:19 PM
    • 707 Posts
    • 443 Thanks
    binaryuniverse
    It's worth noting that, even if it was https, it's no guarantee the site is secure itself. Just the connection to the site is. It's simply an encryption mechanism.
    • soulsaver
    • By soulsaver 4th Jul 18, 11:23 PM
    • 1,749 Posts
    • 713 Thanks
    soulsaver
    Yes, Nick_C is right. I have just accessed it and it has fields for login etc. They've even put a padlock symbol at the top left of the screen as if to try and make people think that it is a secure web page. The non https address should show that this is not the case.
    Originally posted by tempus_fugit
    Well, not for me it doesn't, PC, Win10, Bing, Bullguard. Just links to the TSB ID PDF.
    • Nick_C
    • By Nick_C 5th Jul 18, 11:42 AM
    • 3,889 Posts
    • 5,389 Thanks
    Nick_C
    Well, not for me it doesn't, PC, Win10, Bing, Bullguard. Just links to the TSB ID PDF.
    Originally posted by soulsaver
    Could you post the url of the page you are taken to?
    • brassmonkey001
    • By brassmonkey001 8th Jul 18, 1:03 AM
    • 120 Posts
    • 20 Thanks
    brassmonkey001
    I received 6.24 last month but only 6.04 this month yet my balance is never below 2000?
    • Terry98
    • By Terry98 8th Jul 18, 5:27 AM
    • 942 Posts
    • 2,553 Thanks
    Terry98
    I received 6.24 last month but only 6.04 this month yet my balance is never below 2000?
    Originally posted by brassmonkey001
    The interest is worked out on a daily basis.

    So the 6.24 was paid for the 31 days in May and the 6.04 was paid for the 30 days in June.
    • veryintrigued
    • By veryintrigued 8th Jul 18, 7:21 AM
    • 2,415 Posts
    • 1,853 Thanks
    veryintrigued
    I received 6.24 last month but only 6.04 this month yet my balance is never below 2000?
    Originally posted by brassmonkey001
    Seems a waste of 500 not earning interest each month.
    • brassmonkey001
    • By brassmonkey001 12th Jul 18, 8:15 PM
    • 120 Posts
    • 20 Thanks
    brassmonkey001
    Seems a waste of 500 not earning interest each month.
    Originally posted by veryintrigued
    I move money into and out of accounts so I like to have a margin of error in case a payment is delayed for whatever reason.
    I've just aligned all my SOs to the 1st of the month so I should be able to reduce the margins now.
    • tempus_fugit
    • By tempus_fugit 13th Jul 18, 3:15 PM
    • 442 Posts
    • 404 Thanks
    tempus_fugit
    It's worth noting that, even if it was https, it's no guarantee the site is secure itself. Just the connection to the site is. It's simply an encryption mechanism.
    Originally posted by binaryuniverse
    True, but if it was a legitimate site it would at least be https protocol.
    Retired at age 56 after having "light bulb moment" due to reading MSE and its forums. Have been converted to the "budget to zero" concept and use YNAB for all monthly budgeting and long term goals.
    • tempus_fugit
    • By tempus_fugit 13th Jul 18, 3:16 PM
    • 442 Posts
    • 404 Thanks
    tempus_fugit
    Well, not for me it doesn't, PC, Win10, Bing, Bullguard. Just links to the TSB ID PDF.
    Originally posted by soulsaver
    Strange, for me it was a very dodgy page. Not sure why it should come up differently though. Unfortunately I didn't take a screenshot.
    Retired at age 56 after having "light bulb moment" due to reading MSE and its forums. Have been converted to the "budget to zero" concept and use YNAB for all monthly budgeting and long term goals.
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