Are there any bank account "tarts" out there?

diamonds

Biggles wrote: »

I've got some bad news for you: it doesn't make you anything - it's your own money, they aren't giving you anything at all, just taking a few pitiful pence out of your account, putting it into a different account, and paying you [STRIKE]1%[/STRIKE] 0.2% (less tax) on it.

Lloyds started doing that for weak-willed savers years ago.

TSB are counting the pennies for me, I count the more important pounds, and the TSB pennies become a £25 with no effort from me, I receive gross as I earn under the tax threshold and throw that £25 into a 6% RS after 30 days.


TSB give me it out my own funds which without STC I would spend out my monthly shopping budget. Simple.

diamonds

I transfer any excess pennies caused by DD's anytime I login to STC. AGAIN no 5% interest over £2000 applies so I am moving it automatically and manually to STC with minimal interest over the month and banking in a 6% RS the start of the next month.

diamonds

colsten wrote: »

I agree with you on that.

going by your total misunderstanding of the "Save the change", perhaps you should try one, or all, of those?

I gain interest on £2000 per month, cashback on contactless payments and 5% on a TSB RS... and a minimum £25 saved in STC from penny amounts all month to its 1.1% account which goes towards my M&S 6% RS the start of the following.


Is there any need to be continually obnoxious and rude because you dont understand TSB Classic + pays no interest above £2000 AND my 5% TSB RS is already maxed out at £250 per month.

diamonds

ceredigion wrote: »

Kind of wish I had kept :silenced: now.
It was just a :idea: moment with regard the 5% cash back.


For those youngsters that may not know "Save the change" was once profitable


https://forums.moneysavingexpert.com/discussion/371873

It is still profitable to me, a extra £25 a month going into savings and the following month to my M&S all from pennies from payment transactions

colsten

diamonds wrote: »

Is there any need to be continually obnoxious and rude because you dont understand TSB Classic + pays no interest above £2000 AND my 5% TSB RS is already maxed out at £250 per month.

I was just trying to help you understand that you are kidding yourself, but as you are determined not to see the light, I'll leave you in your dark space.

Just for the record: I understood the TSB Plus, the TSB Monthly Saver and the 5% cashback the day they became available. They aren't difficult to understand. I also understand well over a dozen other current and regular savings accounts as I have all of those.

Westie983

diamonds wrote: »

It is still profitable to me, a extra £25 a month going into savings and the following month to my M&S all from pennies from payment transactions

Struggling to understand how it is profitable for you, you are spending it from a 5% account and its being put into 1.1% account, its your own money not interest or cashback earned, so how can it be profitable as you would be better to keep it in your 5% account and just keep it at the 2k limit without STC, each month you transfer your £25 a month into M&S, rather then waiting for the bitty pence to add up...

Doctor_Duke

[QUOTE=colsten;70359352

Just for the record: I understood the TSB Plus, the TSB Monthly Saver and the 5% cashback the day they became available. They aren't difficult to understand. I also understand well over a dozen other current and regular savings accounts as I have all of those.[/QUOTE]

Oh dear! Look it is just a bit of fun. If you actually think that I just have the save the change for my saving then you must really think me really stupid! I have all the RS you mentioned and more. My HSBC RS ends soon, oh along with my free £10 month ( £120 save together), my FD RS just ended but I've just opened my next 12 month RS, both at 6%. The M&S RS, oh yeah that one, just matured and is now making more interest elsewhere, the TSB and Nationwide RS are maxed out and doing well, just got my £125 Halifax switch incentive and soon my Yorkshire £150 in April. ...... Doing plenty on the current account savings! So I can afford to have a laugh with Save the Change if I want to !!

diamonds

colsten wrote: »

I was just trying to help you understand that you are kidding yourself, but as you are determined not to see the light, I'll leave you in your dark space.

Just for the record: I understood the TSB Plus, the TSB Monthly Saver and the 5% cashback the day they became available. They aren't difficult to understand. I also understand well over a dozen other current and regular savings accounts as I have all of those.

But fail to understand savings of pennies from a current account out a £130 monthly shopping budget transferred the next month to a 6% RS whilst banking £700 in total a month in 3 regular savers is a immense achievement you could only dream of.

Dark space ? I'm sure it is when you have to troll someone continually for overachieving and then a further £25 a month ontop out a £130 shopping budget into a 6% RS, maxing it and 2 other RS out at £700 per month.

diamonds

Westie983 wrote: »

Struggling to understand how it is profitable for you, you are spending it from a 5% account and its being put into 1.1% account, its your own money not interest or cashback earned, so how can it be profitable as you would be better to keep it in your 5% account and just keep it at the 2k limit without STC, each month you transfer your £25 a month into M&S, rather then waiting for the bitty pence to add up...

My shopping budget is £130 per month, I earn cashback on contactless. The last few months £25 minimum in STC and online pennies transfers. The Plus account is always max out at £2000 + shopping budget at the start of month, contactless is 5% cashback on £100 with £30 shopping left and I have a additional 5% interest and contactless cashback in my account per month (small bonus to live off)

If the pennies were in my account I would spend them, they are not so I dont.

Are you seriously suggesting I cut my daily and shopping budget for the month to £105 a month and leave myself with no contingency to feed myself ?

I am already travelling, eating and paying bills off a third less a week than someone on Jobseekers Allowance.


But banking £700 a month :rotfl::cool::T

moneysavingEXPERT #TICK

colsten

diamonds wrote: »

But fail to understand savings of pennies from a current account out a £130 monthly shopping budget transferred the next month to a 6% RS whilst banking £700 in total a month in 3 regular savers is a immense achievement you could only dream of.

WOW, now you even claim to know that I don't put more than £700 into regular savers each month. I wonder how much wronger you can still get.

diamonds wrote: »

moneysavingEXPERT #TICK

Not by a very long way yet. But keep working on it.