MSE News: TSB to pay 5% interest on new current account – is it any good?

mrchagle

YorkshireBoy wrote: »

More accurately, it'll be paid at the end of the first working day of the month.

^ What he said...! :money:

Slayerx

Thanks again all and up and running and currently reading T's & C's

RedDwarf82

7000001 : Unfortunately there has been a technical problem. This transaction has not been completed.

I hope they didn't add the check to my credit history...

neil324

Anyone please confirm when the interest on the Classic Enhance accounts is paid. Anniversary or the end of the month, by the end of the last working day of month so should have been already.

irm

neil324 wrote: »

Anyone please confirm when the interest on the Classic Enhance accounts is paid. Anniversary or the end of the month, by the end of the last working day of month so should have been already.

It's always been the first of the month (or nearest working day) for me.

YorkshireBoy

neil324 wrote: »

Anyone please confirm when the interest on the Classic Enhance accounts is paid. Anniversary or the end of the month, by the end of the last working day of month so should have been already.

Your account T&Cs provide all the confirmation you need...

For each month that you meet the Enhance conditions, you will qualify for credit interest in that monthly billing period which runs from the second working day of a month to the first working day of the next month. This means we will work out interest on a daily basis at the relevant Enhance interest rate from the second working day of that month and pay it to your account at the end of the first working day of the next month.


http://www.tsb.co.uk/current_accounts/enhance_ts_and_cs.asp

drooshun

With regard to opening two accounts, is this one single and one joint account?

Aquamania

drooshun wrote: »

With regard to opening two accounts, is this one single and one joint account?

Could be if you want

Have a read. You could also read the other recent thread. You know, the one that was already on the front page discussing this before you bumped this one

bb264

I am a bit confused also :cool:

I have setup up this account via internet banking and have transferred £1499 into the account. (so i don't go over 2k)

I have then setup an standing order from my current account to pay £500 into the new account on the 3rd of every month.

Then I will setup another standing order from my new account to pay £500 back into my original account on the 25th of every month.

Does this all sound correct?

OhReally_2

bb264 wrote: »

I am a bit confused also :cool:

I have setup up this account via internet banking and have transferred £1499 into the account. (so i don't go over 2k)

I have then setup an standing order from my current account to pay £500 into the new account on the 3rd of every month.

Then I will setup another standing order from my new account to pay £500 back into my original account on the 25th of every month.

Does this all sound correct?

I'll believe you

At least you managed to bump this thread from 3 weeks go :T