Previously decent Irish Nationwide instant access AC but will rates hold with TSB?

So I understand that I've been swapped over to permanent TSB like the rest of the irsh nationwide customers. This is probably a stupid question but here goes.

I was previously on the Irish nationwide instant access account which had a decent interest rate. Will my new account with TSB have the same rate or a different one?

same rate for a period of time ie they are obliged to retain same terms but for how long.....??

noah

The INBS branch closures are now all listed here:


PTSB have currently changed none of the old INBS rates.

I was previously told, by an INBS staff member, that PTSB will ditch the old INBS rates once the INBS branches are closed. This could mean a big change in interest rates for some customers. If PTSB are not careful they may lose some of the migrating deposits.

PTSB will still have 2 INBS staff in PTSB branches for 6 months after the branch closures as the migration from paper INBS passbook records to online records begins.

What I would like to know is how are we supposed to know if the rate changes? I can't find any information about the interest rates for legacy INBS savings accounts on either the INBS website or the PTSB site.

As I understand it they are technically obliged to notify customers of rate changes but that might just mean a quiet ad in the newspaper one day; blink and you miss it. Am I correct?

Yeah, there is no obligation for INBS/PTSB to notify you by postal mail.

It is a disgrace that INBS/PTSB are not publishing their rates anywhere online for old INBS customers. You have to go into one of their closing branches and ask for the rates.

As far as I understand, INBS/PTSB rates have not yet changed but are likely to change shortly.

It's been a while, but does anyone know what rate the Irish Nationwide: Instant Access 3.75% up to €20000 account was converted to with PTSB? The one with the passbook. I asked them on the phone but they won't tell me the rate, even in the hypothetical, without being able to verify my identity.

I have a sinking feeling it may be [broken link removed] with a generous 0.01% AER.

See here: [broken link removed]

The rate on this legacy account is 2.75%.