MSE News: TSB to pay 5% interest on new current account – is it any good?
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Many thanks! Just opened my account!0 
I think I've understood this correctly.
I have to put into the Plus account £500 a month and anything above 2k won't earn the 4.89% gross interest.
So could I leave 2k in the account and simply put £500 a month in and then transfer it out the next day leaving the balance at 2k?
Then move the 500 a month above 2k this into my staff regular saver paying 4% gross.Official DFW Nerd Club  Member no. 0650 

YorkshireBoy wrote: »1. Why wait until the next day? It's not necessary.
2. Don't forget to syphon off the interest too.
So by simply transferring £500 in and then out the same day that would meet the criteria?
I assume from your second point interest is paid monthly?
If this is the case I could aim to put the money in just after I get the interest paid and then move the £500 + interest out of the account?Official DFW Nerd Club  Member no. 0650 
So by simply transferring £500 in and then out the same day that would meet the criteria?
I assume from your second point interest is paid monthly?
If this is the case I could aim to put the money in just after I get the interest paid and then move the £500 + interest out of the account?0 
Do you happen to know if interest paid the last date each month or on the anniversary of the account been opened?
Many thanks for your help YorkshireBoyOfficial DFW Nerd Club  Member no. 0650 
It'll be the 1st of each month.... obviously it'll be delayed it at a weekend.If I've help in anyway, please remember to thank me :)0

Thanks just applying for one nowOfficial DFW Nerd Club  Member no. 0650


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