Stoozing

It pays 5% but only available to holders of a first direct 1st Account.

Club LLoyds looks like an interest rate cut but applied to the same max balance, so guess I'll take no action for now.

Just checked when the interest rate & balance changes take effect; appears to be from 4 January, so it's time to withdraw at least £500 from these accounts...
http://www.tsb.co.uk/news-releases/tsb- ... ssic-plus/

Yes however Tesco Bank is one of the few that haven't made any recent changes, so they may yet decide to reduce the balance/rate for interest payments.

If you haven't already, I think it would be a good idea to ensure that any Tesco Bank accounts you have are linked with a Tesco Clubcard.

I don't think you'll be able to get a bonus this time around but this isn't the first time they offered bonuses to existing customers by e-mail. It could be worthwhile to open a Tesco Bank savings account, so that you become an existing customer on their mailing list.

chickenboy wrote:Well done on £50! But damn, clearly I accepted too quickly

I didn't actually haggle at all, but it probably helped that they automatically assumed I was hoping for 2 months lost interest compensation, so they presumably considered £50 instead of £75 to be a win for the bank!

Well, I've now increased to 5 x TSB Classic Plus so I'll get some benefit even if just for a period of months. Should last until March at the earliest given the change of T&Cs takes effect in January and they're giving at least 2 months notice after that; also there's always the hope they might ...

Well of course a good thing about Halifax Reward accounts is not having to keep any money in them, other than covering trivial DDs, so they aren't really tying up resources.

Tesco Bank have a new offer 2500 points for switching a current account - probably invite only and might also vary from one customer to another (received an e-mail earlier today). Hope that I can switch into an existing account as I already have the max 2 accounts.

Incidentally membership numbers haven't changed; turns out it makes no difference if you continue using an old membership card or switch to the new blue one. I bought the £5 frozen meal deal yesterday, earning my first 3p reward!