About to apply for a Tesco Saving Account

booklover

Hello everyone,

I'm in the process of sorting out our savings and would really appreciate some advice. :A

I wish to apply for a Club Lloyds 4% on £4000-£5000 account and need two DDs. I've read that these can be funded from a Tesco Savings account - I need to apply for this now. Are you aware if its a lengthy process and is it easy to set up the DDS?

Sorry for my silly questions. Many thanks in advance for your patience and time. :A

Booklover

xylophone

You'll need one internet saver and one instant access saver - and (a word to the wise ), it might be better to set those DDs at more than £1 each a month and to demonstrate that you are using the accounts.... https://forums.moneysavingexpert.com/discussion/5257510

booklover

xylophone wrote: »

You'll need one internet saver and one instant access saver - and (a word to the wise ), it might be better to set those DDs at more than £1 each a month and to demonstrate that you are using the accounts.... https://forums.moneysavingexpert.com/discussion/5257510

Thanks very much xylophone. Do I basically open both Tesco accounts then set up a DD for say £15 with Tesco Internet Saver and pay it out of my new Lloyd's account. I need a step by step guide.. Sorry... :embarasse

xylophone

Open one of each of the Tesco accounts. Set up a DD on each to pull money from the Lloyds account once a month/accounting period.

booklover

xylophone wrote: »

Open one of each of the Tesco accounts. Set up a DD on each to pull money from the Lloyds account once a month/accounting period.

Thanks a million xylophone!:T I've got it! You're a STAR! Hope you have a lovely evening. :T

saintalan

xylophone wrote: »

You'll need one internet saver and one instant access saver - and (a word to the wise ), it might be better to set those DDs at more than £1 each a month and to demonstrate that you are using the accounts.... https://forums.moneysavingexpert.com/discussion/5257510

xylo Hi, what's the difference between that and 2 x Internet Saver?

Thanks

Alan

xylophone

Are you allowed two of the same?

inspireme247

xylophone wrote: »

Are you allowed two of the same?

Yes, I have 2 internet savers, with no problem.

saintalan

inspireme247 wrote: »

Yes, I have 2 internet savers, with no problem.

Me too:). Terms dont define it other than its at their discretion.

xylophone

Terms dont define it other than its at their discretion.

Should I risk an application or would I find myself blackballed....:eek:

saintalan

xylophone wrote: »

Should I risk an application or would I find myself blackballed....:eek:

We look to you to push the envelope:j

All the banks dont always follow their max, Try it!:)

Cheers

Alan