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TSB interest rates are down

Posted: Mon Feb 17, 2020 12:00 pm
by kevinchess1
From May the interest rate on their Plus account will be cut by half from 3% to 1.5% :(

Probably time to switch

Re: TSB interest rates are down

Posted: Mon Feb 17, 2020 12:24 pm
by parchedpeas
Still worth having vs other bank accounts if you are running a current account, by Marcus etc are all going to beat it for a lump sum and easier to manage.

The game is finally up - time to fill up the pension.

Re: TSB interest rates are down

Posted: Mon Feb 17, 2020 1:52 pm
by expressman33
For anyone on certain benefits https://www.gov.uk/get-help-savings-low-income

Re: TSB interest rates are down

Posted: Tue Feb 18, 2020 10:45 am
by planteria
when i do my round robin i've been leaving £1540 behind.. £1500@3%, £30DDs & £10spare.
at 1.5% i won't bother. just leave £40 behind.

Re: TSB interest rates are down

Posted: Wed Feb 19, 2020 9:15 am
by AAAlphaThunder
Time to switch.

Re: TSB interest rates are down

Posted: Wed Feb 19, 2020 9:34 am
by planteria
to where?

Re: TSB interest rates are down

Posted: Mon May 04, 2020 9:54 am
by planteria
that's me down to £40.
TSB is one of several accounts that aren't really useful any more, with cashback/rewards/benefits no longer available/juicy enough.
not sure whether to start closing accounts.. or whether a provider is going to offer an incentive that makes it worthwhile to transfer accounts.

Re: TSB interest rates are down

Posted: Mon May 04, 2020 11:28 am
by kevinchess1
Thinking of swapping to Nationwide
thy\e have 5% for £2,500 for a year
Only got TSB for the interest and the debit card cashback

Re: TSB interest rates are down

Posted: Mon May 04, 2020 11:47 am
by cccashbacklover
kevinchess1 wrote:
Mon May 04, 2020 11:28 am
Thinking of swapping to Nationwide
thy\e have 5% for £2,500 for a year
https://www.nationwide.co.uk/products/c ... d-benefits

Re: TSB interest rates are down

Posted: Mon May 04, 2020 11:50 am
by kevinchess1
Seems like it dropped quite a bit, also I did have a Flex account before, maybe 8 years ago