New TSB Classic Plus Current Account launching 30 March; 5% AER Var on x2), no fee, no introductory rate - £2000 @ TSB Bank

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New TSB Classic Plus Current Account launching 30 March; 5% AER (Var) on £2000 (x2), no fee, no introductory rate

£2000 TSB Bank12 Mar 14

Source: HotUKDeals | Deals > All categories

Opening post

BustaLinx

12 Mar 14

New current account launching soon, and you can have two of them, so 5% on £4000. Not to be sniffed at.

No direct debits or switch required, £500 a month pay-in.

Key features:

- 5% AER variable interest on balances up to £2,000**.
- No introductory offer period.
- Available to existing and new customers.
- Minimum monthly deposit of £500.
- No monthly fee.
- Register for internet banking, paperless statements and correspondence.
- Transact in branch, online or over the telephone.
- Maximum two accounts per person.
- Switching service available.

Challenging the competition....

- Some other banks and building societies may try and tempt customers with a ‘teaser rate’ only to take that rate away after 12 months. TSB doesn’t. It simply gives customers 5% interest.

- Most other banks demand a minimum monthly credit of £750 or even £1,000. The Plus account requires a minimum deposit of just £500.

- Some banks insist customers do all their banking online. TSB Plus account holders can manage their money however suits them best, be that in branch, online or over the telephone.

- Other banks require customers to shift their direct debits and standing orders over in order to open new accounts and qualify for the best deals. TSB wants customers to experience what it’s like to be part of this new kind of bank so is happy to let them ‘try before they buy’. TSB will then help people move as and when they are ready.

- Most banks limit their best deals to new customers only. The TSB Plus account is open to existing customers as well as new ones.

https://apply.tsb.co.uk/personal/a/apply_current_account/classicplusaccountVER is the link to apply
- rickyc88

Top comments

DonkeyKonk

12 Mar 14 10 #4

Have almost forgotten what interest is

BustaLinx

12 Mar 14 4 #3

That's the best bit.

All comments (159)

Henlans

12 Mar 14 #1

that's a good offer..

The only downside is 5% credit interest which means you have to leave the 2k in bank account with all your dd etc.

misterboumsong to Henlans

12 Mar 14 #16

not really a downside if you have 2 grand which i have :stuck_out_tongue:

knack to Henlans

12 Mar 14 #29

I don't understand why you consider 5% credit interest to be a downside? The main selling point of this account is the 5% interest. Think of it as a savings account rather than current account.

happymanuk

12 Mar 14 #2

.. Or just don't set up any dd's on this account :wink:

BustaLinx

12 Mar 14 4 #3

That's the best bit.

DonkeyKonk

12 Mar 14 10 #4

Have almost forgotten what interest is

Henlans

12 Mar 14 #5

yeah i guess you are allowed 2 accounts.. do you need to have £500 in each account. i guess i can move it from one to the other lol

enekomh to Henlans

13 Mar 14 2 #47

That's what I'm going to do. Put 2000 when I open each of them, set up an automatic payment that goes from my Barclays account to the first TSB account, then the following day they will be moved to the second TSB account, then the following day to the Santader 123 I also have and leave it there until I reach the maximum 20,000. Afterwards, I'll see what I can do to make more out of my money.

sherbolton

12 Mar 14 #6

Only £7 a month interest max per account per month.

nabz234 to sherbolton

12 Mar 14 1 #8

where does it say that? I can't see it.

Moneyspider

12 Mar 14 #7

Does anyone know the rationale for needing to open 2 bank accounts to gain the 5% on £4K. Then mess about moving monthly deposits into an out of accounts. Same with other banks. Why can't we just have one bank account with increasing interest depending how much you save i.e. not capped.
I've had to open 4 accounts with different banks to maximise my savings and play this stupid game of DD shuttlec0ck

Mucus69

12 Mar 14 #9

Thanks OP. Great timing as the introductory 5% interest in my Nationwide account ends in a few weeks.

crumpetman

12 Mar 14 #10

Dodgy maths perhaps? Should be £8.33 or thereabouts if you have a constant balance of at least £2k. Or, £100 per year per account.

kneale81

12 Mar 14 #11

Then take tax off at 20%, or 40% if you're a higher rate taxpayer :wink:

dobis2000

12 Mar 14 #12

Think i'll stick with Halifax with the £5 reward each month, too much hassle changing banks for £2 extra a month. And I don't need £2,000 in the account

BustaLinx to dobis2000

12 Mar 14 1 #17

Why change? Have both.
I have linked to the TSB press release. The new account will be visible on site soon, but as I said, won't be available until the 30th online, or the next day in branch.

snowtiger to dobis2000

13 Mar 14 #36

Do you have to pay a fee for this account?

sew109

12 Mar 14 #13

Can't see which account will give me this on the website though guess they have not updated it.

zerocrop

12 Mar 14 #14

This link shows some variance from what the original poster mentioned:

http://www.tsb.co.uk/legal/current_accounts_legal/plus_important_information.asp

1. There isn't mention of th einterest rate on the link
2. But it does say that interest is payable on a balnce up to £2500
3. It says that you need to pay in at least £1000 a month in order to get interest.

I think those existing customers with the Classic account with Vantage added might have to migrate to this new account if they want to. I can'tr ee TSB allowing a further two of the new accounts.

ses6jwg

12 Mar 14 #15

can you just move 500 between two of those accounts each month? or do internal transfers not count?

radissimo

12 Mar 14 #18

Let's say that you put in £2000 a month, which is better, this one or 123 Santander one? Cheers

BustaLinx to radissimo

12 Mar 14 #19

If you will have an average balance of £2000 (ie £2000 in and £2000 out) then this one (or Nationwide FlexDirect, though 5% only for a year).

If you will be increasing your balance by £2000 each month, so you will have £2000 one month, a total of £4000 the next, £6000 the next, etc, then the 123 is better in terms of pure interest amount for the higher totals. A combination of the two accounts would likely give the best returns though.

wedgec

12 Mar 14 1 #20

Like that it's for existing customers too!

kmjuste

12 Mar 14 #21

Slap £5700 in next Month in ya isa and you'll get more annually that's what I do each year and just leave it in better than all that messing for £7 a month

BustaLinx to kmjuste

12 Mar 14 2 #22

Good luck getting much more than 1.75% in an ISA this year.

Tina12

12 Mar 14 #23

ISA's for 2014/15 will be £5940 for the tax year

Tina12

12 Mar 14 #24

the best about ISA is the It remains tax free for add long as you have the funds and if interest rates increase again you can do an ISA switch

BustaLinx

12 Mar 14 2 #25

I agree, but the smart move this year - unlike previous years - is to wait and put the money in an ISA at the end of the tax year, ie not until 2015, and earn better interest on those funds in the meantime.

GAVINLEWISHUKD

12 Mar 14 #26

Well the household account is with TSB so switching to this can only be a bonus. Cheers OP. :smiley:

kmjuste

12 Mar 14 #27

Nice one top tips

premierfella

12 Mar 14 1 #28

I'll be opening two of these when they become available, but with full awareness that the "no introductory rate" is really no better than there being a fixed introductory rate, given that the interest is variable. Yes, they'll *probably* keep this account rate for two or three years (easier to hold as time goes by when interest rates start rising next year) but they could just as easily drop the rate after a relatively short time if they've miscalculated the attractiveness of this loss-leading account.

marsh102

12 Mar 14 #30

Not that I've looked but I imagine it would be hard to beat the Santander 123 account, what with all the cashback and 3% up to £40k

dibbz to marsh102

13 Mar 14 #38

It's 3% up to 20k.....not 40k

But then there is the £2 monthly charge to put into consideration (which can be normally made with the dd's)

akashi

12 Mar 14 #31

If you save £2,000 for the entire year, you'll be receiving £6.67 per month in interest after 20% TAX.

rodman

13 Mar 14 #32

Do you know what that means?

mrT786

13 Mar 14 #33

will they allow internal transfers like hslifax use to? count towards the 500 monthly pay in...

hartdave

13 Mar 14 1 #34

open 1 or 2 pay in 2k

set up so to pay in 500 a month

day after set up another so back to normal account

easy £6.67 a month

mjcunningham73

13 Mar 14 #35

Deal

BustaLinx

13 Mar 14 1 #37

No fee for the Halifax Reward

mb19

13 Mar 14 #39

does anyone know if the interest is paid monthly like it is at the moment

Mucus69

13 Mar 14 #40

Last time I checked, customers were allowed to open two 123 accounts.

If you're filling up the 123, why not use TSB as well?

BustaLinx

13 Mar 14 #41

One sole, one joint.

Mucus69

13 Mar 14 #42

Correct. All the more reason to open TSB accounts then. Keep enough in 123 to cover DDs.

dibbz

13 Mar 14 #43

My 123 is full but I can't get another account as I don't have another income or enough direct debts to meet the requirements

Once this account is live I will go and see them and see what they need for £500, if it has to be a wage or bank / internal transfer

r2mahara

13 Mar 14 #44

Internal transfers were fine with the Vantage accounts if you had more than 1 and needed to fund both. I imagine it'll be the same with this, but we'll have to wait and see.

dankuvermach

13 Mar 14 #45

Can I just transfer the money in and out each month to get the interest rate?

BustaLinx to dankuvermach

13 Mar 14 #46

Yes

himynameistom

13 Mar 14 #48

Awesome, will be opening 2 of these come the 30th. 5% is better than the 0% I'm currently getting from Natwest.

stocportcounty

14 Mar 14 #49

A couple can open 6 accounts between them . 2 individual accounts each and 2 joint accounts
that's £12,000 at 5% = £600 interest http://www.moneywise.co.uk/news/2014-03-13/new-tsb-account-how-to-make-600-year?utm_source=Newsletter2014-03-14&utm_medium=Email&utm_campaign=ContentPromotion

BustaLinx to stocportcounty

14 Mar 14 #50

We'll wait for the T&Cs but that information is almost certainly incorrect.

stocportcounty

14 Mar 14 #51

BustaLinx

14 Mar 14 #52

I appreciate that, but a website quoting an unnamed 'spokesperson' isn't exactly a reliable source.

The official TSB line remains 'Maximum two accounts per person', which in typical vernacular means two sole accounts per person, OR one sole and one joint, OR two joint accounts. I am open to being surprised though.

enekomh

14 Mar 14 #53

If somebody drops by a branch and asks about when this account will be available, I would really appreciate it. The closest branch I have is 5 neighbourhoods away from my house.

BustaLinx to enekomh

14 Mar 14 #54

30th March online/phone, next day in branch.

sphinxy

15 Mar 14 #55

Can I get two of these accounts with my existing three enhanced accounts?

BustaLinx to sphinxy

15 Mar 14 #56

Depending on credit checks, yes.

flo_

16 Mar 14 1 #57

The classic enhance will be withdrawn for new customers when the new 5% classic plus is launched 30/3/14. Existing customers who have 3 classic enhances are allowed 2 new classic plus acs but have to register for internet banking and paperless statements otherwise interest will not credit !

enekomh

16 Mar 14 #58

Thanks! I guess I'll be dropping by a branch on Monday 31st then.

g33h1

16 Mar 14 #59

Great find OP. Thank you so much. Heat added.

asz

24 Mar 14 #60

Just been having a read of this over on MSE, Seems like theres going to be alot of new accounts getting opened.
Hope TSB are going to be prepared :laughing:

asz

henryftw

29 Mar 14 #61

:smile::smile::smile:

hartdave

30 Mar 14 #62

not seeing it and its the 30th now !

BustaLinx to hartdave

30 Mar 14 #63

Go to sleep and have it as a morning present

DonkeyKonk

30 Mar 14 #64

Will keep an eye on this.

Transformers

30 Mar 14 #65

Still not available on their website as of 3:21am. :smile:

rickyc88

30 Mar 14 #66

Or at 8am :disappointed:

socrates28

30 Mar 14 1 #67

UPDATE!!

This account is now live - have opened one this morning - goes live (for me) in 24 hours or whenever it appears on Internet Banking

IMPORTANT!!!

You must choose the paperless option in order to receive the interest

steviecross

30 Mar 14 #68

I am struggling to find the application form online, am I just dense.

socrates28 to steviecross

30 Mar 14 #69

There may be issues opening online - at this stage it is advisable to apply over the phone 0203 284 1575

BustaLinx to steviecross

30 Mar 14 #71

https://apply.tsb.co.uk/personal/a/apply_current_account/classicplusaccountVER

rickyc88

30 Mar 14 #70

I am going to wait and see how people get on.

steviecross

30 Mar 14 #72

Thanks, just completed form. Could not see a tickbox for not getting paper bills.

hartdave

30 Mar 14 #73

how do you open 2

just start again or add 1 onto the other one

hartdave

30 Mar 14 #74

opened 2 by starting again, system seems to know has 2nd application required no info for online banking

then got emails with 2 different account numbers

take it 2 the limit ?

BustaLinx to hartdave

30 Mar 14 #75

"You never know unless you try" - JLS

BustaLinx

30 Mar 14 #76

When you log in for the first time there will be the option.

Jiming

30 Mar 14 #77

The T&Cs say only 2 per person so I wouldn't bother :smiley:

Mucus69

30 Mar 14 #78

Thanks. (May I ask where you got this link from?)

As I'm getting error messages and TSB don't appear to have updated their website yet, I'll wait until tomorrow before trying again.

steviecross

30 Mar 14 #79

Thanks.

twinkle

30 Mar 14 #80

Can't find this on their website...wonder if they've had a busy morning

rickyc88

30 Mar 14 #81

2 open and all up and and running in 15 mins. :smiley:

monster144

30 Mar 14 #82

The form does not seem to give option of a JOINT account. Any ideas please?

Bobbajob

30 Mar 14 1 #83

I've just opened an account, and on the final page it says

"To make your new TSB Classic Plus Account a joint account, both you and your partner will need to visit any TSB branch and sign a joint account request form."

monster144

31 Mar 14 #84

Thanks for that Bobbajob.
I am not near a branch. I will phone and see if they will post the form.

henryftw

31 Mar 14 #85

Do I have to pay in £500 for month of march? Just upgraded one account :disappointed:

sphinxy

31 Mar 14 #86

Take it that I can't keep my existing enhance accounts then?

Thought I could have the 3 old accounts and 2 of these.

BustaLinx

31 Mar 14 #87

No

You can. Use the form and apply for new accounts, rather than upgrading any,

henryftw

31 Mar 14 #88

Thanks, could I cycle money between my tsb current accounts and saver every month? both current accounts will have balances above 2k

4cx250f

31 Mar 14 #89

just opened online took a few mins great!

drago773

31 Mar 14 #90

Was there a option for paperless on setup as i didn't see one i just logged into my account after and turned paper statements off. Is that right or did i miss something?

BustaLinx

31 Mar 14 1 #91

If you're a new customer to TSB there is an option for paperless when you log in to online banking for the first time, Otherwise not sure, haven't worked it out myself and waiting on the stuff coming in the post.

enekomh

1 Apr 14 #92

Damn it, I will have to drop by a branch as I haven't been living in the UK for over 3 years...

mistermoneysaver

2 Apr 14 #93

Close it and open anothe- i just did lol

mistermoneysaver

2 Apr 14 #94

I have just opened this TSB account too. If you entered a user name ans password when you applied, use that to login. You will then be asked for a memorable word of letters and numbers. Once you do this , it will take you to a page where you just click continue to have paperless statements. easy peasy.

Mucus69

2 Apr 14 #95

Does that work? Are you getting 5% on the second FlexDirect account?

mistermoneysaver

2 Apr 14 #96

Yes

Firefly1

3 Apr 14 #97

Did everyone have to bring identity into a branch presumably? It's a rather long distance to travel - If I set up one account, and set up the second in the future, will I have to bring any identity again - or would it just let me set up a second one using my ID from the first account.

Hopefully that makes sense!!

Jiming

3 Apr 14 #98

I haven't been asked for ID, and have managed to set up two accounts - still waiting on my letter(s) in the post though.

Firefly1

3 Apr 14 #99

And you applied for the 2nd exactly the same way and entered all your details over again?
They want ID for my first, that's why i'm curious....

Thanks :smiley:

Jiming

3 Apr 14 #100

Yep, just filled in the form again & it linked the second account to the same username.

Firefly1

3 Apr 14 #101

2nd account refused as recently applied for an account :disappointed:
Although they are waiting for ID for my first account, so may explain it.... Or they just don't like me :smile:

himynameistom

3 Apr 14 #102

I got 2 and didn't have to take ID either :neutral_face:

superspod

3 Apr 14 #103

Technical error after submitting the form! I am already a TSB customer so no idea why I had to fill out all the information again...

bumbaclart

6 Apr 14 #104

I opened 1 account, however i am unable to open a 2nd account as i keep getting errors.

How long do i need to wait to open a 2nd?

Also i can't log into my account, it states im unrecognised :-s

rickyc88

6 Apr 14 #105

I opened after 10 minutes

monster144

6 Apr 14 #106

2 accounts opened and 2K put in each.
Can someone please confirm that it is definetly OK to transfer the £500 back and forth between the 2 accounts each month to be eligible for the 5%.

bumbaclart

6 Apr 14 #107

Also looking for clarification on this too pls?

zerocrop

6 Apr 14 2 #108

Yes, it is ok to do that.

monster144

6 Apr 14 #109

Yes, it is ok to do that.

Thanks for confirmation.

himynameistom

9 Apr 14 #110

I've got my cards and pins but still haven't got my activation code for online banking. Really irritating.

BustaLinx

9 Apr 14 #111

It'll come tomorrow.

Firefly1

9 Apr 14 #112

2nd account opened - just went into branch and no problem there :smiley: No idea why the online application didn't like it.

Also waiting for internet activation code :disappointed:

himynameistom

9 Apr 14 #113

Here's hoping. Applied on the 30th, got my cards last thursday and pins on friday. Asked for a new one on Saturday. Taking it's time.

enekomh

13 Apr 14 #114

My fiancee and I opened our two joint accounts plus her two personal accounts (I already had mine) yesterday in a branch within an hour.

lumsdot

13 Apr 14 #115

Will open 2 of these and the
If you have 2 Santander 123 accounts, you can goto branch take out 500 cash from one and pay into the other, but bank transfers from a Santander account don't count
Fun and games with these accounts
Plus co op and halifax offer a hundred if you open a new current account with them

lumsdot

13 Apr 14 #116

Why dont the banks stipulate that you also have to go into a branch and beg a bank teller for the monthly interest to be paid.

Rbs promised not to close last branchs in a town, but now they are.
When santander took over alliance and leicster and bradford and bingley and abbey, they promised they would keep multiple branches open even if a small town had three santanders close together, guess what they closed them

zerocrop

13 Apr 14 #117

My reply related to the discussion about the TSB account, not Santander or any other account.

zerocrop

13 Apr 14 #118

This is off-topic really. The thread is related to discussion about the TSB account and not Santander, its acquisitions and subsequent bank closures.

Mr cool

24 Apr 14 #119

Only just seen this,how is everyone getting on with this new TSB A/C? Looks like it is worth setting up!

zerocrop

24 Apr 14 #120

When you said "how is everyone getting on with this account", what do you mean?

Mucus69

24 Apr 14 1 #121

We'll see when/if interest is paid next week.

Mr cool

24 Apr 14 #122

lol... That is a must the interest! But was it easy to set up?

rickyc88

24 Apr 14 1 #123

easy as pie!

Firefly1

25 Apr 14 #124

My 1st account via internet banking was only activated today.
For some reason, the branch had to see photo ID for the internet created account (even though they opened one account no problem). The bank branch then lost (internet banking say never received / branch say the other people lost it) the photocopies of my ID. Took 7 or 8 phone calls to sort it all out and re-send photo ID only to have it activated today. Chances of that happening to anyone else is slim though :smile: But was a pain. Everyone was helpful on the phones and agreed to call back, nobody ever did each and every time.

Mr cool

25 Apr 14 #125

Oh dear! That was not cool,it is shocking in this day and age the banks still mess up!

dooper

25 Apr 14 #126

My experience has been essentially the same as yours. The Kingston on Thames branch lost the photocopied ID they took from me the day after I completed the online process. I called the helpline on 0845 835 7509 on 16th April to enquire why I'd heard nothing further from TSB. Raj took my details & promised to call me back, but didn't.

I'm not impressed. TSB can stick their account...

Mucus69

25 Apr 14 1 #127

Effortless. No problems - everything as expected :smiley:

Firefly1

25 Apr 14 2 #128

Raj!!! Spoke to him myself - he promised to call back "when the account was activated". That was no use to me because I was calling as the account was not being activated as they had no ID!!! And as the bank sent the ID off over a week ago (and it arrives next day at internet banking), it was never going to arrive. It seemed a very difficult concept to explain to him.

I had to be the one to call the branch back up, back and forth it went. Internet banking refused to grant the application even though the branch had activated the other account. It ended up with me having to phone the branch saying this wasn't good enough, and I emailed the ID to the branch, who then authenticated it (since the woman had seen the ID before), who sent it to the internet banking people again.

Without calling all those times, I most certainly would still be in your position. It seems calling the direct branch phone number is better than the internet banking set up people. Make sure (if you know it) to state who you saw in branch.

enekomh

30 Apr 14 #129

Does anybody remember what day of the month they are paying the interest?

rickyc88

30 Apr 14 #130

1st tomorrow.

drago773

1 May 14 #131

Anyone had their interest. Turned paper off on first log in and transferred the 2k in. Yet still no interest.

enekomh

1 May 14 #132

same thing here

EDIT: I've read on MSE forums they are paying interest on the second working day of the month, so I guess tomorrow is payday.

rickyc88

2 May 14 #133

mines in on 2 account.

enekomh

2 May 14 #134

Just checked. All my 4 accounts have their interests so I can now forget about the accounts.

Firefly1

2 May 14 #135

Is it £8.33 interest? Just checking my maths is right :smiley:

Mucus69

2 May 14 #136

Yes that's right, gross for me so it was about £6 when I checked.

rickyc88

2 May 14 #137

I got 6.44

Firefly1

3 May 14 #138

They taxed me too then :disappointed: Now to reclaim.... (at university :smiley:)

enekomh

5 May 14 #139

I opened it on the 11th so I got about a fiver after tax.

morgie

13 May 14 #140

Just saw the advert on TV tonight and knew I'd find a thread here. Thanks to the OP for posting and others for the info so far.

I've applied online tonight, account is open. As part of the application I could pick my username and set my password. From this and having the sort and account number confirmed I've been able to login and test sending £1 over from my other account. All seemed fine. Have just sent a larger payment (exact same saved details) and it's taking a bit longer to show up, hopefully all fine or my out going bank being 'over protective'.

What's the difference from what I've described above and my online banking being 'activated'? Does this 'unlock' features such as being able to set up standing orders/DD's etc, as none of the options to do this currently show for me? Thanks.

morgie

13 May 14 #141

Also have this error message when viewing the details of the pound I've transferred in so far - assume it's a teething issue of a very new account or maybe won't correct until 'activated'?

BustaLinx

14 May 14 1 #142

Give it a few days though you may have to activate it to stop seeing the error. Activating will allow you to do as you suggested, SOs and DDs, transfer money out etc.

morgie

18 May 14 #143

Thanks. Above message that I highlighted has now been corrected as you confirmed.

When I logged in last night I got prompted to enter my activation code, I didn't have it at the time so said to skip. I now have the code, log back in ....no prompt. No obvious link or way to activate it now - am I missing something?

morgie

18 May 14 #144

I just logged in again and all good, got prompted to activate...

https://secure.tsb.co.uk/personal/a/logon/activationcodeenter.jsp

Mr cool

19 May 14 #145

Got to say I opened 2 A/Cs with 2k in each,and TSB have been great could not wish for a better run bank.

morgie

19 May 14 #146

Good to hear. Do you know if you're still allowed 2 of these accounts as an individual?

zerocrop

19 May 14 #147

Seemingly so.

morgie

19 May 14 #148

Ah yes, found it here...

Mr cool

20 May 14 #149

Yes as you found out since, 2 A/Cs allowed and they even let you swap your cash around to get the 5% AER.

morgie

20 May 14 #150

Thanks. Does a 'back and fourth' just between the two TSB account qualify you for the 5% then, or do you at least have to fund one from an external source?

Mr cool

20 May 14 1 #151

Yes mate it does,they even set it up for me! You can not go wrong.

rickyc88

2 Jun 14 #152

has anyone had last months interest yet?

morgie

2 Jun 14 #153

No, I don't think it's expected until the end of the day....

"This means we will work out interest on a daily basis at the relevant Enhance interest rate from the second working day of that month and pay it to your account at the end of the first working day of the next month."

Taken from this page.

morgie

3 Jun 14 #154

Interest now paid.

rickyc88

3 Jun 14 #155

Yes thanks me too

morgie

5 Jan 15 1 #156

Not sure how many are still subscribed, but to let you know when I logged into my account this morning I had a message essentially telling me I had to agree to paperless correspondence as well as paperless statements to keep earning the 5% interest. If anyone had asked me previously I thought I already had both of these options. Anyway, might be worth a check. It's very easy to activate, click a link, tick a box, enter your password (oh and of course read full T&C :sunglasses:). Interest for last month was fine. Here's the message:

monster144

5 Jan 15 #157

Thanks for that morgie.
I'll check mine later to be sure.

morgie

3 Jan 17 1 #158

Just a reminder, from tomorrow 04/01/2017 the interest rate drops to 3% (from 5%) and only on balances up to £1,500, so you may be wanting to find a new home for your (now spare) £500 (or £1k if you had two accounts) and were just taking advantage of the interest payments.

You should have received a letter from TSB on the above last year, but lots in the press too....

http://www.telegraph.co.uk/personal-banking/savings/savers-second-blow-in-24-hours-tsb-cuts-classic-plus-rate-from-5/

If you opened your account at the time this post was made, your 5% cashback on the first £100 contactless spend a month will also have finished (on 31/12/2016).

monster144

3 Jan 17 1 #159

Reminder appreciated. Thank you.

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