Tsb plus account 5%

AdamMc90

Quick question!

Do I have to leave the £500 in the account for a certain amount of time for it to qualify for the interest rate?

2k in each account, transferred 500 into first account then as soon as it showed transferred it to the next, and now going to move it to my ISA. Is that ok?

Thanks

YorkshireBoy

AdamMc90 wrote: »

Do I have to leave the £500 in the account for a certain amount of time for it to qualify for the interest rate?

No.

2k in each account, transferred 500 into first account then as soon as it showed transferred it to the next, and now going to move it to my ISA. Is that ok?

Yes, but not necessary!


Cross fund the TSB accounts, ie £500 TSB1 to TSB2, and £500 back again. If these balances will be static, ie pure savings accounts, you can automate these monthly transfers with a pair of standing orders.


And 3 standing orders will completely automate things...


£506.50 from 1 to 2
£500.00 from 2 to 1
£13.00 from 2 out to another savings account held elsewhere.


NB: £6.50 is the average interest earned per month after savings tax deducted.

AdamMc90

Excellent - thanks for the advice. I will definitely set up the standing order.

Cheers mate

hostertlady

SG27 wrote: »

Don't worry your new account will be linked to your current details. Probably overnight or maybe Tuesday. Check over the next few days

it's still not showing on my tsb internet banking log in page!
I have had the debit card through, I guess I will have to go into the bank and get them to sync it with my other accounts

SG27

hostertlady wrote: »

it's still not showing on my tsb internet banking log in page!
I have had the debit card through, I guess I will have to go into the bank and get them to sync it with my other accounts

Strange. Well I suppose it's not strange as everybody's account opening experience seems different!

annie12

My husband is trying to open his second account when logged in, but it's saying Sorry, we can't offer you a secondary current account.

Gromitt

annie12 wrote: »

My husband is trying to open his second account when logged in, but it's saying Sorry, we can't offer you a secondary current account.

So logout and try?

annie12

Gromitt wrote: »

So logout and try?

Done that, still the same.
I had no problems doing mine but I was already a customer.
Wondered if anyone else had had that same message?

EDIT: It's done it now.

SG27

annie12 wrote: »

Done that, still the same.
I had no problems doing mine but I was already a customer.
Wondered if anyone else had had that same message?

Try again tomorrow.

Ken68

annie12 wrote: »

Done that, still the same.
I had no problems doing mine but I was already a customer.
Wondered if anyone else had had that same message?

Yes, same here, Annie. One account so far. SO's OK will try later for another account, maybe next month.