Tesco current account.

yangptangkipperbang

Gromitt wrote: »

Probably because it doesn't count as a "qualifying product" under the terms of the T&Cs.

Interesting ! It takes mine as one ............

colsten

yangptangkipperbang wrote: »

Interesting ! It takes mine as one ............

Are you saying the First Direct T&C charges document is wrong when it says the Regular Saver is excluded from the products that qualify for the waiver of the monthly charge for the FD current account?

As it is dead easy to open e.g. an Everyday e-Saver and deposit £1 into it for keeps, and as this account most definitely qualifies as a waiver for the monthly current account charges, I would suggest people do just that - open an e-saver and put £1 into it. Ignore any suggestions that ineligible accounts might be eligible after all.............

yangptangkipperbang

colsten wrote: »

Are you saying the First Direct T&C charges document is wrong when it says the Regular Saver is excluded from the products that qualify for the waiver of the monthly charge for the FD current account?

NO ! Just get down off your high horse for a minute ...............

I opened a regular saver years ago when it DID qualify - I have opened a new one immediately each year so it continues to qualify..............I assume !

Apart from which ........ anyone who is looking for a good rate of interest on ANY account should consider the FD reg Saver anyway............which was the main point of my post.

karlie88

yangptangkipperbang wrote: »

I opened a regular saver years ago when it DID qualify - I have opened a new one immediately each year so it continues to qualify..............I assume !

Maybe you're paying in £1000+ per month or hold an average balance of £1000+ in your 1st Account every month...both of which exempt you from the charge.

colsten

yangptangkipperbang wrote: »

NO ! Just get down off your high horse for a minute ...............

I opened a regular saver years ago when it DID qualify - I have opened a new one immediately each year so it continues to qualify..............I assume !

Calm down dear, calm down. I am on no horse, I just asked whether you think the written FD terms are wrong, as these specifically exclude the Regular Saver account for the purposes of the waiver of the monthly current account fee.

yangptangkipperbang wrote: »

Apart from which ........ anyone who is looking for a good rate of interest on ANY account should consider the FD reg Saver anyway............which was the main point of my post.

Nobody questions that the FD Regular Saver is best for anyone who wants to save up to £300 a month and doesn't need instant access. It's not much use for anyone who is looking to put several thousand into an account in a lump sum, and/or needs access before 12 months are up.

If it helps, I can confirm that I am on my fifth FD Regular Saver now but I still also keep £1 in an Everyday e-saver to be certain they won't charge me a tenner a month for the current account (which I only use to feed the Regular Saver).

alanq

yangptangkipperbang wrote: »

Why not use their 6% (was 8% !!) reg saver ?

"Banking Fee Waivers... savings account (*excludes Regular Saver Account)"
http://www3.firstdirect.com/assets/pdf/rates-and-charges.pdf

anna42hmr

so far very impressed with tesco current acc opening, applied on 24th, got the forms to sign on 27th, posted them back yesterday and both are showing on my online banking today (already have tesco savers)

Does any one know if money will be ok to be paid in now or wether i am best to wait till opening confirmation from them?

10_66

anna42hmr wrote: »

...Does any one know if money will be ok to be paid in now or wether i am best to wait till opening confirmation from them?

If you have the account numbers and sort codes you can pay into them straight away.

anna42hmr

10_66 wrote: »

If you have the account numbers and sort codes you can pay into them straight away.

thanks, i have sent test payments and seems ok, so will send the rest over.

Richchad

Has anyone received any interest on the Tesco current accounts yet, I opened 2 on 24th July and was expecting interest to be paid a month later but nothing showing yet?

I didn't deposit the full £3000 in each account until 1st August but didn't think this would make any difference.

The £750 Standing Order transfers are set to rotate monthly starting on 1st September.