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TSB Interest
rangers_fc
Posts: 363 Forumite
I no probably a FAQ
When is the interest paid on the TSB Classic Plus current accounts, its the 4th of the month today and no interest from last month?
When is the interest paid on the TSB Classic Plus current accounts, its the 4th of the month today and no interest from last month?
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Comments
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As long as you've met the terms and conditions of the account, interest is paid on the 1st of the month (that's when I got mine)
I think the conditions include £500 minimum monthly pay in plus registering for online banking with paperless statements.
I don't think direct debits are required, but I could be wrong.
If you haven't met the conditions of the account, you won't receive interest for the month.0 -
Interest is dated as the first working day of the month but shows up in your account in the early hours of the following day. In short, you should have had yours by now.
Check you've met all the eligibility criteria: paid in £500 the previous month, registerd for internet banking and for paperless statements and correspondence.0 -
My bad must pay more attention to my fund transfers in future ty0
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rangers_fc wrote: »My bad must pay more attention to my fund transfers in future ty
Why not set up a SO (straight back again;)) so this doesn't happen again?0 -
I did not get my interest for Feb. However my fault as I forgot to pay in the required amount. Lost about £3.60. But on the other had gained £60 from N Power in compensation because of a failed appt and late appointment.
Win some lose some.0 -
rangers_fc wrote: »My bad
!!!!!!0 -
Is the interest calculated from what is in your account, on that day? Or is calculated across the entire month?
If it's the former, it would explain why I got more interest than I expected, at times. Especially when I had very little in the account until the end of the month.0 -
Easily done, but rarely repeated.
Glad all has been worked out...
£500, and paperless statements and correspondence will trigger interest :-)I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%£2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%Total £4095.19/£7332.95 = 55.84%0
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