13 October 2016

TSB Announces Changes to Classic Plus with Effect from January 2017

TSB today announces changes it will be making next year to its Classic Plus Current Account.

With effect from Wednesday 4 January 2017, Classic Plus will offer a competitive rate of 3% on balances up to £1,500, until then customers will continue to benefit from the current rate of 5% on balances up to £2,000.

As part of the review of our products, we are also making changes to our range of Enhance Current Accounts. Whilst this account has been closed to new customers since March 2014, with effect from Wednesday 4 January 2017, Enhance customers will receive a new rate of 0.25% on balances up to £5,000. Until then customers will continue to benefit from the current rate of 0.75% on balances up to £5,000.

We will be writing to our affected customers, giving them two months notice during which time they will continue to benefit from the current rates and applicable balances. We pride ourselves on giving our customers the best service and support possible and our partners are on hand to help guide customers through these changes.