Don't forget TSB Plus Interest and eligible amount going down on 4 Jan 2017

mt99

I now have 2 accounts - a classic account which used to be a classic plus but I downgraded and a second account which is a brand new classic Plus account which has contactless 5% back until September

ceredigion

mt99 wrote: »

I now have 2 accounts - a classic account which used to be a classic plus but I downgraded and a second account which is a brand new classic Plus account which has contactless 5% back until September

What I was getting at is those with more than one classic plus are unable to achieve your advise

mt99

Ah sorry I see what you mean. Well I asked them what would happen if I had 2 classic plus accounts and they said I could have downgraded both and then opened a new classic plus account with no problem ie leaving me with 3 accounts.

ceredigion

mt99 wrote: »

Ah sorry I see what you mean. Well I asked them what would happen if I had 2 classic plus accounts and they said I could have downgraded both and then opened a new classic plus account with no problem ie leaving me with 3 accounts.

Give it a few days, then put your thinking cap on.

mt99

Not sure what you mean. You said "What I was getting at is those with more than one classic plus are unable to achieve your advise ". I said yes they can.

Kernel_Sanders

Yorkshire_Pud wrote: »

You just don't get it do you. Abusing people who try to help you with all your self inflicted dramas.

By the way this thread which I started was for TSB.

Don't accuse me of abusing people when I haven't. You're the one who can't understand posts made in plain, standard English; I suggest you go back and read them properly. I'll have to make a new thread now to warn people about probably losing interest for January as you don't think it could possible affect TSB accounts.
This is because the advice you have given here is wrong, and could cost a lot of people a fair bit of money, so I suggest you stop being so cocksure of yourself by using phrases like 'of course it won't'. I'd better quote it here in case you try to edit it out:

Yorkshire_Pud wrote: »

If you read my post again you should see there are two distinct scenarios, one for DDs set up for December but paid in January due to the Saturday 31st to January 2nd holiday and the other contrary to your assertion, is that DD,s set up for January as mine is DO COUNT for the January DD requirement for BOS interest. So yes if your DD wasn't due to go out on 31st December and didnt go out prior but was actually set up for January 2017 then of course it won't count as a December DD.

KTF

fuzzgun19 wrote: »

There's no Joining incentive at the moment is there?

Not that I am aware of.

Norscbu

Kernel_Sanders wrote: »

This is because the advice you have given here is wrong, and could cost a lot of people a fair bit of money, so I suggest you stop being so cocksure of yourself by using phrases like 'of course it won't'. I'd better quote it here in case you try to edit it out:

What have they said that is wrong?

Westie983

fuzzgun19 wrote: »

So I currently have £3k in my TSB classic+, which in turn is funding my First Direct Reg Saver @ £300pm.

I've had a little look about, but can't see any better than TSB's now 1.5% for an instant access account to also fund the FD Reg Saver.

Does anyone know better than me on this?

I would move the excess £1500 into another account that pays any interest, and pay the FD regular saver from there, as you are not getting any interest on anything over £1500 now.

Tesco pays 3% on any balance (No DD or fee)
BOS Vantage pays up to 1.5% - 3% (tiered interest) (DDs needed)
Santander 123 1.5% (with fee)

All better then keeping in TSB, unless you have 2 accounts, (Sole & Joint paying 3% each and want ease)

Kernel_Sanders

Norscbu wrote: »

What have they said that is wrong?

Explained at https://forums.moneysavingexpert.com/discussion/comment/71868302#Comment_71868302