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  • FIRST POST
    • lucadobe
    • By lucadobe 12th Mar 17, 9:32 AM
    • 84Posts
    • 13Thanks
    lucadobe
    Tesco current account?
    • #1
    • 12th Mar 17, 9:32 AM
    Tesco current account? 12th Mar 17 at 9:32 AM
    I was under the impression that if we opened a joint current account we would be allowed the 3,000 interest each...but speaking to them today we only get allowed 3,000! Anyone heard different?
Page 1
    • masonic
    • By masonic 12th Mar 17, 9:38 AM
    • 8,794 Posts
    • 5,910 Thanks
    masonic
    • #2
    • 12th Mar 17, 9:38 AM
    • #2
    • 12th Mar 17, 9:38 AM
    I was under the impression that if we opened a joint current account we would be allowed the 3,000 interest each...but speaking to them today we only get allowed 3,000! Anyone heard different?
    Originally posted by lucadobe
    You would need two sole accounts to get interest on £3000 each... or two joint accounts, or one sole and one joint, etc.
    • badger09
    • By badger09 12th Mar 17, 9:41 AM
    • 4,622 Posts
    • 3,825 Thanks
    badger09
    • #3
    • 12th Mar 17, 9:41 AM
    • #3
    • 12th Mar 17, 9:41 AM
    I was under the impression that if we opened a joint current account we would be allowed the 3,000 interest each...but speaking to them today we only get allowed 3,000! Anyone heard different?
    Originally posted by lucadobe
    No one will have heard any different because the T&Cs clearly state that interest is payable on the credit balance in the account up to £3000.

    If you had opened a sole account each, you could have had interest on up to £3000 each.
    • dazzaofdagenham
    • By dazzaofdagenham 12th Mar 17, 11:17 AM
    • 986 Posts
    • 354 Thanks
    dazzaofdagenham
    • #4
    • 12th Mar 17, 11:17 AM
    • #4
    • 12th Mar 17, 11:17 AM
    Trying to persuade wife into getting this account...

    How much interest per month a 3k balance...basic rate taxpayer
    • badger09
    • By badger09 12th Mar 17, 11:27 AM
    • 4,622 Posts
    • 3,825 Thanks
    badger09
    • #5
    • 12th Mar 17, 11:27 AM
    • #5
    • 12th Mar 17, 11:27 AM
    Trying to persuade wife into getting this account...

    How much interest per month a 3k balance...basic rate taxpayer
    Originally posted by dazzaofdagenham
    Depends how many days in the month

    Applications suspended at the moment.
    • YorkshireBoy
    • By YorkshireBoy 12th Mar 17, 11:36 AM
    • 28,858 Posts
    • 16,628 Thanks
    YorkshireBoy
    • #6
    • 12th Mar 17, 11:36 AM
    • #6
    • 12th Mar 17, 11:36 AM
    Trying to persuade wife into getting this account...

    How much interest per month a 3k balance...basic rate taxpayer
    Originally posted by dazzaofdagenham
    In the spirit of teaching a man to fish...

    Balance x gross p.a. rate / 365 x n

    where n = number of days in statement month.
    • Hattie625
    • By Hattie625 12th Mar 17, 11:37 AM
    • 488 Posts
    • 354 Thanks
    Hattie625
    • #7
    • 12th Mar 17, 11:37 AM
    • #7
    • 12th Mar 17, 11:37 AM
    Trying to persuade wife into getting this account...

    How much interest per month a 3k balance...basic rate taxpayer
    Originally posted by dazzaofdagenham

    Roughly £7.54 interest per month (paid gross) on £3K held throughout the month.
    • dazzaofdagenham
    • By dazzaofdagenham 12th Mar 17, 7:08 PM
    • 986 Posts
    • 354 Thanks
    dazzaofdagenham
    • #8
    • 12th Mar 17, 7:08 PM
    • #8
    • 12th Mar 17, 7:08 PM
    Roughly £7.54 interest per month (paid gross) on £3K held throughout the month.
    Originally posted by Hattie625

    Thank you for the answer I asked for....
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