Investment/Savings advise for £thousands needed unemployed status

bery_451

Ok so your confirming that I will get the interest at Tesco regardless if I pay in £750 or £0 a month?

eskbanker

More to the point, Tesco are confirming this!

http://corporate.tescobank.com/25/news/news-releases/tesco-bank-removes-fee-on-current-account/?newsid=232

Edit: actually it looks like interest always was paid regardless of monthly funding, the change is to remove the requirement to pay in £750 to avoid the £5 monthly fee.

bery_451

I had reply in this thread stating that the £500 TSB monthly deposit pay in has to be there for 1 day (24 hours) then I have another reply in this thread saying it can be taken out straight away.


Can someone confirm which one is correct?

Atreyu107

Why don't you read the account terms rather than relying on an anonymous forum member who might get it wrong?

Or if you really don't want to read through the terms, phone them or go to a branch to ask.

Archi_Bald

bery_451 wrote: »

I had reply in this thread stating that the £500 TSB monthly deposit pay in has to be there for 1 day (24 hours) then I have another reply in this thread saying it can be taken out straight away.


Can someone confirm which one is correct?

The account is a current account. Have you ever heard of a current account in which you need to keep your money for a specified length of time?

But as Atreyu107 said, your only reliable source for the rules applicable are the TSB T&Cs