Tsb plus account 5%

Mickygg

botkin wrote: »

Does anyone know how the 'pay £500 in monthly' condition works? Is that every calendar month, or, like Santander's 123 account, is it every month from your account opening date?

I had the same question. The t&cs don't specify. I'm going for calendar month to fund, so I'll make sure I fund the end of the month, every month.

Gromitt

Mickygg wrote: »

I had the same question. The t&cs don't specify. I'm going for calendar month to fund, so I'll make sure I fund the end of the month, every month.

TSB has always been calendar month, so I would assume that this account is the same unless notified by the T&Cs.

So fund it today/tomorrow and then once a month.

bdmum1

Apologies if this is a daft question...

Hubby and I have opened 2 accounts each, now I just need some advice re the £500 monthly funding to each account.

Does this have to be done from an external source, and if so do I need to set this up by standing order from my own bank?

If it doesn't have to be external, am I able to transfer the £500 from account 1 to accounts 2, 3 and 4, before transferring it back to 1?

Sorry but new to this type of account, so advice is appreciated.

masonic

bdmum1 wrote: »

If it doesn't have to be external, am I able to transfer the £500 from account 1 to accounts 2, 3 and 4, before transferring it back to 1?

^^^^^^ This

anna42hmr

masonic wrote: »

^^^^^^ This

as it doesn't say anything different in the terms, then i would assume that yes you can, as this is how the enhance accounts have worked, that internal payments, i just set up standing orders between them all.

vixen1500

Opened up four accounts - two apiece - anyone managed to open two joint ones too?

YorkshireBoy

vixen1500 wrote: »

Opened up four accounts - two apiece - anyone managed to open two joint ones too?

In the spirit of your signature, could you 'fall on the sword' for us?

vixen1500

YorkshireBoy wrote: »

In the spirit of your signature, could you 'fall on the sword' for us?

No joy online - told me to phone or go into branch


Need to go in to drop my R85s so will ask then

vixen1500

found this on the moneywise site


There's nothing in TSB's terms and conditions to stop customers taking out two individual accounts - which could earn them up to £200 a year - but couples are also both able to open a joint account, providing they transfer £500 in to all of the accounts each month.
That means couples can open six accounts between them, potentially earning themselves up to £600 in interest over the course of a year if they deposit £2,000 in each of the six accounts.

YorkshireBoy

vixen1500 wrote: »

found this on the moneywise site

Moneywise got the launch date wrong in their updated article posted last Friday (despite the correct date being well publicised by other financial sites for days!), so I wouldn't place any reliance on what they say is possible with joint accounts in addition to sole accounts.