Is This An Innovative Approach From TSB?
I picked up this article on Moneywise this morning. The headline is.
TSB launches current account paying 5% interest
The 5% is only available on your first £2,000. As a comparison, my year-to-date figure on Zopa for around £150,000 is 4.94% at the moment, after all bad debts and charges.
But it was this that caught my eye in the article.
TSB will also allow customers to ‘try before they buy’ in that it won’t insist customers transfer all direct debits and standing orders to the new Plus account immediately; indeed, there is currently no timeframe for when direct debits must be ported across.
One of the reasons, I’ve not moved to another bank, is that I’d like to test drive the on-line systems first. To me, ease-of-use and copious information are two of the most important things in any on-line account or system. So being able to check these without commitment is very important.
So as we seem to be seeing a features race in banking, you could say we live in interesting times.
The Anonymous Widower 
Interesting – I hated Lloyds bank with passion when we had to deal with my late aunt’s affairs as her POAs. But TSB sounds much better and worth looking at
Comment by nosnikrapzil | March 29, 2014 |
[…] few days ago, I reported about a new approach to retail banking from TSB. Yesterday, The Times carried a big advert […]
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