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TSB Activation Code/Interest

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  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    RebekahR wrote: »
    Tsb classic plus opened here - on 12 days I got 80p for my opening £500. Only 80p?! I don't pay tax as I am a stay at home mum - as was on my opening application - so can't be that.
    Surely 5% of £500 is £25 and 12 days worth is £10 interest? So why only 80p?

    I think i'm missing something here ...
    Yes. You're missing the 3 or so replies to the same question you posted on the regular saver thread (for some reason!).

    It's 5% AER
    The 'A' in AER stands for annual.

    Did you seriously think you could get £300 back after a year for only depositing £500? I mean, seriously?
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