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Re: TSB interest rates are down

Posted: Mon May 04, 2020 1:18 pm
by Sarah
Also note that the Nationwide FlexDirect offer is only for the first year, not every year and intended to be once per customer only. So opening new accounts shouldn't qualify if you've had the offer before (sometimes took awhile for them to enforce that rule, but they're probably pretty good at applying it by now). As linked above, it's only 2.00% now.

Re: TSB interest rates are down

Posted: Mon May 04, 2020 2:33 pm
by cccashbacklover
kevinchess1 wrote:
Mon May 04, 2020 11:50 am
Seems like it dropped quite a bit, also I did have a Flex account before, maybe 8 years ago
2% Rate and threshold reduction to maximum £1500 for first 12 Months applied from 1 May 2020

Re: TSB interest rates are down

Posted: Mon May 04, 2020 11:43 pm
by milo55
ongoing rate after first year down from 1% to 0.25% on nationwide account - noticed virgin money have increased ?? current account rate from 1% to 2% on current account -only up to 1000 thou

Re: TSB interest rates are down

Posted: Tue May 05, 2020 9:29 am
by planteria
the Nationwide interest isn't worthwhile now..
the FlexAccount travel insurance has some value to some though. that's the account i have stuck with, so far.

Re: TSB interest rates are down

Posted: Tue May 05, 2020 5:31 pm
by AAAlphaThunder
planteria wrote:
Tue May 05, 2020 9:29 am
the Nationwide interest isn't worthwhile now..
the FlexAccount travel insurance has some value to some though. that's the account i have stuck with, so far.
The travel insurance is a good incentive from Nationwide.

Re: TSB interest rates are down

Posted: Wed Sep 23, 2020 10:54 am
by Sarah
It's nearly time to kiss goodbye to all those TSB Classic Plus accounts... at least this provides us with plenty of fodder for future current account switches...
We’re changing the interest rate on your Plus account.

We wanted to let you know that from 2 December 2020, we’re reducing the interest rate on your Plus account from 1.50% AER* to 0% AER.
No messing about with 0.01% here. It's going to ZERO and they're underlining that fact by also deleting the account T&Cs relating to credit interest.

Re: TSB interest rates are down

Posted: Wed Sep 23, 2020 11:44 am
by planteria
agreed. no spanish grey areas.

Re: TSB interest rates are down

Posted: Wed Sep 23, 2020 4:30 pm
by parchedpeas
I'm already eyeing up the 30 transactions for £5 a month alternate account.

I've got a plan. I won't be beaten yet!

Re: TSB interest rates are down

Posted: Wed Sep 23, 2020 6:50 pm
by AAAlphaThunder
parchedpeas wrote:
Wed Sep 23, 2020 4:30 pm
I'm already eyeing up the 30 transactions for £5 a month alternate account.

I've got a plan. I won't be beaten yet!
I admire your resolve.

Re: TSB interest rates are down

Posted: Wed Sep 23, 2020 7:34 pm
by planteria
haha me too.. 30 small purchases is doable if you can include small DDs and small debit card purchases.