Tesco Interest

nearlyretired2004

All my current accounts paid interest in today -except Tesco.

Is this normal for Tesco when the 1st of month is a Friday? Only had the accounts a month and a bit .....

Thanks as always ....

Dan83

Tesco pays interest on the day you opened the account

YorkshireBoy

Tesco interest is paid on the same date you opened the account, ie per statement month, not calendar month.

molerat

Wot, no use of the monthiversary word

nearlyretired2004

Ah OK.....!!! Thanks all.....

No_6

At least it wasn't a "where's my Halifax £5"

Anthorn

Just in case anyone's interested I received my TSB Classic Plus interest today

xylophone

And so did I! Now there's a coincidence!:)

Organist

Not to do with when interest is paid but can you just leave £3000 in a Tesco account without any transactions or are Tescos likely to object to this?

Katiehound

Organist wrote: »

can you just leave £3000 in a Tesco account without any transactions or are Tescos likely to object to this?

You can leave the capital in- the one transaction you need is to make sure money is going in per month! (which only needs to visit.) I understand there is no longer a minimum stipulated amount to pay in.

Dan83

Organist wrote: »

Not to do with when interest is paid but can you just leave £3000 in a Tesco account without any transactions or are Tescos likely to object to this?

If you have the full £3000 in the account, it might be worth opening a 2nd account (if you haven't already) and splitting the money up, you will get slightly more interest over the year as the money is compounding at 3%.