Until recently they offered 5% AER on balances of up to £2,000, but as other high interest current account providers have reduced their rates, so have TSB. Usually TSB Bank charge a monthly fee for a Packaged Bank Account which can range from £5 to £25 per month in return for extra benefits in the form of insurances such as Travel Insurance, Breakdown Cover, Gadget Cover & … 3/5 for application process, communication, and service in-branch, and 2/5 for customer service, transparency of charges, and complaint handling, and telephone/online banking. We carried out a comparison of current bank account charges in Ireland to help you decide which is the best bank for you if you want to reduce the bank fees you pay. Overdraft buffer . Olivier says: This account was not appropriate and after seeing our site and using our tool he got a refund of fees and interest of £4,542.02 – one of the biggest we've ever seen. The Treasury Committee remains concerned by the level of competition in banking. Many consumers have been upgraded to a Packaged Current Account by TSB Bank. 5 July 2016 ) Current account charges . lloyds bank current account Club Lloyds Platinum Packed with insurance benefits and if you pay at least two separate Direct Debits each month you will get variable credit interest on balances from £1 to £5,000. TSB’s current accounts generally offer some level of interest free overdrafts, but the amount and interest rates you get depend on the type of account you open. NZ $10.00 per month per account (Debited from your nominated TSB account) Deposits: From a TSB Account: Free. Interest rates vary but currently range between 11.85% and 15.55% for an arranged overdraft and 11.85% and 27% for an unauthorised overdraft . The CMA's recent analysis of the market appears to confirm that some customers, especially overdraft users, could get a better deal from their bank. On Which?, TSB scores below average. Previously, customers of Permanent TSB could avoid quarterly fees of € 12 if a lodgement of € 1,500 was made each month.While this offer will remain in place for existing account … A bank spokesperson said … There's no minimum pay-in required to get the interest, so it's good if you've low or unstable income. Bank Charges Compared. The Virgin Money* current account pays 2.02% AER on the first £1,000 in your account. The 3% figure is an Annual Equivalent Rate - that is, what the rate would be if the interest was paid and compounded each year; the actual monthly interest rate is 2.96% gross (variable). He opened a free NatWest Current Plus account in 2000, but was converted to a fee-paying Advantage Gold Account. (We have included some charges for non-Euro debit card purchases – which is fairly common now with online shopping in the UK etc) . (See more about Non Euro Charges here). Foreign Cheques : 0.2% Foreign value Minimum charge NZD $35.00 (Other bank fees may apply¹) Foreign Cash: 1% of value Minimum charge of NZD $5.00. Two years ago Permanent TSB increased the charges on the legacy current account, pushing up the maintenance fee from €3.18 to €18. Rewards current accounts TSB’s main advantage is definitely the interest rate it offers on balances with its top current account. TSB offers a good range of current accounts and has a soft spot for customers who are just at the beginning of their financial journey, such as minors and students. All current account providers charge interest if you use your overdraft. An overdraft buffer means you won’t be charged interest for going into your unplanned overdraft, up to a certain amount. MoneySaver Olivier emailed us his story. TSB ranked 14th in a list of the 14 largest business current account providers for overall service quality in an independent survey. TSB Henry Duncan House 120 George Street Edinburgh EH2 4LH . But it's still possible to earn interest on your current account – here are a couple of top picks: 2.02% interest on up to £1,000 with Virgin Money.