Current Account questions

makey1976

Hi looking for info on a few current account i have
if you go over your limit for the interest say
£2000 at 3 % tsb ,£20000 at 3% satander 123
if you go over the amounts do you still get interest on the max amount but not the amount over it.
Say i transfers £750 from one tsb account to another then back again, with balance been £2000 in each, so for one day i will have had £2750 in one and £1250 in another, but after back to total amount, will i still get monthly interest at 3% on each account as one was over the max amount.
Does the same goes for the 123 account one.
Hope this make seen.
looking for a little help before i open a few more

ceredigion

makey1976 wrote: »

Hi looking for info on a few current account i have
if you go over your limit for the interest say
£2000 at 3 % tsb ,£20000 at 3% satander 123
if you go over the amounts do you still get interest on the max amount but not the amount over it.
Say i transfers £750 from one tsb account to another then back again, with balance been £2000 in each, so for one day i will have had £2750 in one and £1250 in another, but after back to total amount, will i still get monthly interest at 3% on each account as one was over the max amount.
Does the same goes for the 123 account one.
Hope this make seen.
looking for a little help before i open a few more

yes (TSB IS 5%)
and
yes.

Archi_Bald

makey1976 wrote: »

Say i transfers £750 from one tsb account to another then back again, with balance been £2000 in each, so for one day i will have had £2750 in one and £1250 in another, but after back to total amount, will i still get monthly interest at 3% on each account as one was over the max amount.

There is no need to leave your £750 in the account for a day. Just set up a standing order on each of your TSB accounts, for the same day, and for the same amount, to send money to the other. You only need to make it £500 at TSB, btw. So your balance always stays at £2,000 (ignoring the monthly interest on both accounts).