Tesco current account interest

PParka

Could anyone tell me when the interest on the Tesco current account is normally paid?
Is it at the beginning of the month, or a month after opening the account?
I've had two current accounts open for a about 3 weeks and neither have had any interest yet.

Thanks

karlie88

PParka wrote: »

Could anyone tell me when the interest on the Tesco current account is normally paid?
Is it at the beginning of the month, or a month after opening the account?
I've had two current accounts open for a about 3 weeks and neither have had any interest yet.

Thanks

Per statement month.

dreaming

I opened my Tesco current account on 4th Feb and that month's interest went in on 26th Feb. March interest was paid on the 26th.

enthusiasticsaver

One of my Tesco current accounts receives the interest on 16th monthly which is the same day it was opened and the other one pays out on the 20th which again is the day it was opened so if you have only had the accounts for 3 weeks you will need to wait for the account to be opened one month before you get any interest.

Dan83

I have 2 current accounts with tesco, my interest is always around the 18th & 29th.

Kim_13

It is the monthversary of opening, as from when they finished processing the application, not when it was made. It seems to show in the morning of the day after the date listed in credit files.

No_6

Just like the Halifax £5
or TSB
or any other account

6

colsten

No_6 wrote: »

Just like the Halifax £5
or TSB
or any other account

Definitely not like the Halifax £5 or TSB or many other accounts.

Interest is paid on monthiversary, as has already been explained by Kim_13. It is even credited at weekends and bank holidays, which is very unusual.