TSB reduces interest rate from 5% to 3 %. Also will allow only one single and joint Classic Plus account account - HotUKDeals
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TSB reduces interest rate from 5% to 3 %. Also will allow only one single and joint Classic Plus account account

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TSB interest changes from 5% (for upto £2000) to 3% (for upto £1500) from 4 Jan 2017. Also a new condition is that if there are more than one Classic Plus account in sole name or more than one Cla… Read More
AstalaVista Avatar
7m, 1w agoPosted 7 months, 1 week ago
TSB interest changes from 5% (for upto £2000) to 3% (for upto £1500) from 4 Jan 2017.

Also a new condition is that if there are more than one Classic Plus account in sole name or more than one Classic Plus account in joint names, they may convert the additional accounts into 'Enhance account' or 'another current account' from their range. They will give you at least two months’ notice before this is done.

Anyone having more than one sole or joint account will get affected, including me :(
AstalaVista Avatar
7m, 1w agoPosted 7 months, 1 week ago
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(11) Jump to unreadPost a comment
Comments/page:
#1
Wow this changes everything for using them
#2
Does it say what an "Enhance account" is? Can't see that account mentioned at all on the website
1 Like #3
winifer
Does it say what an "Enhance account" is? Can't see that account mentioned at all on the website

http://www.tsb.co.uk/help/rates-and-charges/current-accounts/
2 Likes #4
from £100 interest down to £45 - shocking! il keep using till my 5% contactless cashback ends in sept 17.
1 Like #5
winifer
Does it say what an "Enhance account" is? Can't see that account mentioned at all on the website

Whatever they are, they are unlikely to give as good interest rates as the Classic Plus account, even when we consider the drop in interest rate!
Basically means that if you have more than one sole and joint account, all of the additional ones will be downgraded!!!!!!

Edited By: AstalaVista on Oct 13, 2016 09:08
#6
pidgeofcdf
from £100 interest down to £45 - shocking! il keep using till my 5% contactless cashback ends in sept 17.

Could switch to co-op for £150 plus monthly reward payment
#7
youngy7
pidgeofcdf
from £100 interest down to £45 - shocking! il keep using till my 5% contactless cashback ends in sept 17.
Could switch to co-op for £150 plus monthly reward payment
I can't because I have no direct debits lol.
#9
AstalaVista
winifer
Does it say what an "Enhance account" is? Can't see that account mentioned at all on the website
Whatever they are, they are unlikely to give as good interest rates as the Classic Plus account, even when we consider the drop in interest rate!
Basically means that if you have more than one sole and joint account, all of the additional ones will be downgraded!!!!!!

Will be closing the one they turn into Enhanced then i guess, may even close both and just put it into the Lloyds, or even close all 3 and put it into Santander.. There really is little point in £1500 at 3%
#10
Rubbish! I wonder if club Lloyds interest will be reduced next.
1 Like #11
sherbolton
Rubbish! I wonder if club Lloyds interest will be reduced next.
http://www.hotukdeals.com/misc/lloyds-halves-interest-top-club-lloyds-account-2-2526883

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