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Monthly TSB classic+ interest

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Comments

  • puk999
    puk999 Posts: 552 Forumite
    Ninth Anniversary 500 Posts
    colsten wrote: »
    jimjames wrote: »
    It's now there.

    Usual 2 Mon monthly job to transfer it out and swap £500 between accounts to meet criteria using tsb app while waiting for train. Really is very easy to get good interest.

    I don't use the train very often, can I still swap £500 every month?

    I don't use the train very often and don't even have the TSB app installed :eek: Can I still swap £500 every month?
  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    derelyth wrote: »
    Is it supposed to be paid Gross? Mine is on my Lloyds Club but my 2x TSBs are Net...

    It is supposed to be gross if you asked the bank to pay it gross, which you can do if you don't have to pay tax on savings interest.
  • thebritishbloke
    thebritishbloke Posts: 1,472 Forumite
    derelyth wrote: »
    Is it supposed to be paid Gross? Mine is on my Lloyds Club but my 2x TSBs are Net...
    It'll be paid net unless you inform them that your income is below the national tax threshold. If you're earning over £10,000 a year, you shouldn't be receiving gross interest.
    Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.

    ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.
  • colsten
    colsten Posts: 17,596 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    puk999 wrote: »
    I don't use the train very often and don't even have the TSB app installed :eek: Can I still swap £500 every month?

    Oh blast, I don't have the app either. We are probably doomed. But we could ask again next month.
  • derelyth
    derelyth Posts: 87 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    edited 4 November 2014 at 2:53PM
    Archi_Bald wrote: »
    It is supposed to be gross if you asked the bank to pay it gross, which you can do if you don't have to pay tax on savings interest.
    thebritishbloke wrote: »
    It'll be paid net unless you inform them that your income is below the national tax threshold. If you're earning over £10,000 a year, you shouldn't be receiving gross interest.

    Thanks guys, I'll get right on it.

    20 minutes later, sorted! Form filled in over the phone and off to the taxman. Now to wait for him to come and bend me over :(
  • Kendall80
    Kendall80 Posts: 965 Forumite
    Ninth Anniversary 500 Posts Name Dropper
    colsten wrote: »
    Oh blast, I don't have the app either. We are probably doomed. But we could ask again next month.



    I don't have the app and neither do I transfer while on a train. That'll teach me for skimming the t&cs :)
  • Kendall80
    Kendall80 Posts: 965 Forumite
    Ninth Anniversary 500 Posts Name Dropper
    EarthBoy wrote: »
    How much did you set the standing order up for? The amount varies slightly each month. It's £7.08 this time.


    I've set my SOs for 6.65 but you are right it does vary due to days in the month and delayed payment due to weekends/bank holidays. Talking pennies but even so I still top up. I like nice round whole numbers.
  • jimjames
    jimjames Posts: 19,264 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    puk999 wrote: »
    I don't use the train very often and don't even have the TSB app installed :eek: Can I still swap £500 every month?

    Only if you install the app when you're on the train...
    Remember the saying: if it looks too good to be true it almost certainly is.
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