For over 20 years I had an arranged overdraft with Lloyds before I was hived off to the TSB. I paid Lloyds an agreed interest rate of 3% over base rate.
After TSB had held my account for a few months I received a letter telling me that they were cancelling that arrangement and instead would charge me 19% - 18.5% over base rate. I complained, they refused to do anything at all.
A few weeks ago I received another letter this time telling me that instead of 19% interest they would now be charging almost 40% instead.
My account has never been disorderly in any way at all.
TSB are the most greedy and arrogant bank I have ever heard of.
Don't go anywhere near them if you value your wallet.
Reviewed on: 12th March 2020
