TSB 3 x 5% incentive returns, now £125

rokat

Is the 5% interest paid monthly?

ceredigion

rokat wrote: »

Is the 5% interest paid monthly?

Front page, second paragraph.


" To earn interest (which is paid monthly) just pay in a minimum of £500 a month and register for Internet Banking, Paperless Statements and Paperless Correspondence ."

colsten

Do I need to register for Internet banking?

ceredigion

colsten wrote: »

Do I need to register for Internet banking?

I've got a better one , if this incentive ever returns has anybody ever managed to receive it if they already hold multiple TSB accounts.

Futuristic

Do you just need 2 active DDs on the account or payment must be taken out from the DDs as well for the switch bonus?

ceredigion

rokat wrote: »

Is the 5% interest paid monthly?

ceredigion wrote: »

Front page, second paragraph.


" To earn interest (which is paid monthly) just pay in a minimum of £500 a month and register for Internet Banking, Paperless Statements and Paperless Correspondence ."

On second thoughts the 5%,well 4.89% really. Is annual

colsten

Futuristic wrote: »

Do you just need 2 active DDs on the account or payment must be taken out from the DDs as well for the switch bonus?

What do the switch terms say?

What do the account terms say about the monthly reward?

MJ12

It doesn't seem to say anywhere that the 2 DDs need to be kept to have the 5% in-credit interest or the 5% contactless cashback. Does that mean you can move/cancel the 2 DDs as soon as you get the £125 bonus?

ceredigion

MJ12 wrote: »

It doesn't seem to say anywhere that the 2 DDs need to be kept to have the 5% in-credit interest or the 5% contactless cashback. Does that mean you can move/cancel the 2 DDs as soon as you get the £125 bonus?

Never had the bonus but equally never had any DDs

redux

Some of these posts seem to be conflating the terms for different attributes of this account, or asking questions along those lines.

The interest is paid monthly, provided that the account is registered online and paperless, and the requisite amount arrives each month.

The direct debit requirement is only related to the incentive switch offer. Thus you could start with two direct debits and soon end them.

My account has never had direct debits so far. This is because I opened it some months ago without any switch offer. It still gets the good interest rate, though it got none at all when I left the balance low with no in-payments for a couple of months. I've just started using contactless, having asked for a new card when I saw the related promotion, so I hope to notice some cashback soon.