Re TSB 5% Current Account

[steelman99]

Just had an e-mail saying that they are cutting the rate from 5% to 3% from 2nd July

looks like everyone's cutting their rates

[Maroochydore]

You can add Tesco Bank to that. Cutting rate from 3% to 1% from 14 June.

[spiderbill]

Yes, having previously reduced the amount you can earn interest on. How they have the brass neck to say "you can earn up to £45 a year" I don't know - especially after their abysmal computer breakdown last year. No wonder the Fintech companies are gaining so much business.

If I didn't have my business account with them I'd have left last year but with retirement coming up it didn't seem worth opening a new one for a year or so, but I'll be reducing the amount held in my three accounts with them to the bare minimum.