Hi folks,



I'm proper confused with the TSB Classic Plus accounts so hoping someone can point me in the right direction.



I have had 2 TSB Classic Plus accounts for a while now. They were earning 3% (I think) for balances up to £2000. They also gave 5% cashback for using Contactless payments up to £5 every month on each account.



I've realised now that they have stopped this in the last month or 2 and they now have a new Classic Plus account advertised on their website. However, to qualify for the new perks, it says you must have opened your account from 1 March 2017.



What does this mean for my existing Classic Plus account then? Does it still earn interest up to £2k but without any contactless cashback perks? I also assume I don't qualify for the 2 direct debit £5 cashback either?







Thanks

They used to pay interest of 5% up to £2000. Now it's 3% up to £1500. The contactless cashback will have expired unless you opened your account after June 2016. None of the new perks will apply to you.



Not sure of the reason for the . That's how introductory offers work.

“

They used to pay interest of 5% up to £2000. Now it's 3% up to £1500. The contactless cashback will have expired unless you opened your account after June 2016. None of the new perks will apply to you.



Not sure of the reason for the . That's how introductory offers work.
Originally posted by masonic

”
Thanks for the clarification masonic. Appreciate it.

The new offer is not as good as you have to make 20 debit card payments per month, per account and that's a lot.





Also, it's £5 for 20 spends or nothing, whereas the contactless 5% pays out on any amount up to £100, per account (if the atms play ball).