TSB Deposits

poppyvalley

TSB are ringing round to customers offering 3.75%aer if the a/c is untouched for 2 months!. What are they up to? Should a depositor say ta very much or take the money & run

OS119

i know very little of banking, but a phone call like that would frighten the sh1t out of me.

3.75% for the measely favour of leaving the account untouched for eight whole weeks - sounds like panic to me.

thebman

I have an account with them and not heard a thing.

OP have you personally received this phone call or is it hearsay?

poppyvalley

thebman wrote: »

I have an account with them and not heard a thing.

I have just contacted them and they said Yes! this rate was introduced recently because SOOOO many people were interested in very short terms!
I still dont trust them ! Only thing is the money has the state guarantee

poppyvalley

Deleted User wrote: »

OP have you personally received this phone call or is it hearsay?

Yes I got the call, and also spoke face to face with the guy in the bank. Not happy with that, I rang another branch today and had it confirmed

soterpisc

poppyvalley wrote: »

TSB are ringing round to customers offering 3.75%aer if the a/c is untouched for 2 months!. What are they up to? Should a depositor say ta very much or take the money & run

Waste of Money really. You are better putting it into 3 year national savings bonds with a 10% return and no DIRT.

10,000 @ 3.75% - 27% dirt over 3 years = 10,821.25

10,000 in National Bond = 11,000 + You are actually helping the country

Sarn

If the offer is a 2 month notice savings account then there's nothing unusual about it. Banks have been offering those kind of accounts for ages.

JTMan

3.75% gross or 3.81% AER is available on a PTSB 2 year term deposit on amounts of 50,000 EUR or above. Not below that figure.

Source: https://www.permanenttsb.ie/media/permanenttsb/pdfdocuments/depositrates/permanent-tsb-Deposit-Interest-Rates.pdf