📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

NEW Tesco Current Account - 3% on £3,000

Options
1…1819212324…38

Comments

  • Hazzanet
    Hazzanet Posts: 1,724 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Steve_xx wrote: »
    1 At the start of the month

    Are you sure?

    tesco.jpg
    4358
  • Steve_xx
    Steve_xx Posts: 6,979 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Hazzanet wrote: »
    Are you sure?

    tesco.jpg

    It's a tad peculiar. Have a look at page 4 on the link I provided and see what you make of the example there?
  • Richchad
    Richchad Posts: 554 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Hazzanet wrote: »
    Are you sure?

    tesco.jpg

    I assume then your account was opened or active on 18th of month?
  • Richchad
    Richchad Posts: 554 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Steve_xx wrote: »
    It's a tad peculiar. Have a look at page 4 on the link I provided and see what you make of the example there?

    Yes I had read that Steve and wasn't sure that is why I asked the question as it wasn't clear...
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Steve_xx wrote: »
    1 At the start of the month

    Interest for the Tesco current accounts gets paid on the monthiversary of account opening.
  • Steve_xx
    Steve_xx Posts: 6,979 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Richchad wrote: »
    Yes I had read that Steve and wasn't sure that is why I asked the question as it wasn't clear...

    It's all over the place. I'm not understanding it to be honest and it raises the question of whether the £750 monthly deposit needs to be made between the account opening dates or on a calendar monthly basis.
  • Steve_xx
    Steve_xx Posts: 6,979 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Reading it again I think that no matter on what day you opened your account, the interest period runs calendar monthly. What do others think?
  • Hazzanet
    Hazzanet Posts: 1,724 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Richchad wrote: »
    I assume then your account was opened or active on 18th of month?

    Yes - 18/06.
    4358
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Steve_xx wrote: »
    Reading it again I think that no matter on what day you opened your account, the interest period runs calendar monthly.

    No it doesn't. Interest for the Tesco current accounts gets paid on the monthiversary of account opening.
  • Ryan_f_3
    Ryan_f_3 Posts: 26 Forumite
    Sorry to hijack the thread but I've got a quick question about this tesco account,

    Once I've filled it up to the £3000 limit to get the 3% interest, when I transfer the 750 in and then out to satisfy the paying in requirement will this put me over the limit so will I lose interest for that month?

    Also similar question once it's at the limit and I get interest paid taking it over 3000 do I need to take money out to keep it at £3000?
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture