MSE News: Tesco Bank reopens applications for current account offering 3% interest

vouch0r

is this justfor new accounts and original holders do not need to deposit or have 3 DD's correct?

KTF

Correct...

A_Flock_Of_Sheep

KTF wrote: »

Prior to the changes it was easily used as a savings account.

Doubtless that is the reason for the changes. Folk not using the account for its intended purposes. All thanks to MSE heralding the terms prior to the new ones.

teddysmum

vouch0r wrote: »

is this justfor new accounts and original holders do not need to deposit or have 3 DD's correct?

That is correct.

KTF

A_Flock_Of_Sheep wrote: »

Doubtless that is the reason for the changes. Folk not using the account for its intended purposes. All thanks to MSE heralding the terms prior to the new ones.

For sure. Then MSE act all 'aghast' when the goal posts are shifted when its probably them that caused the changes in the first place.

teddysmum

A_Flock_Of_Sheep wrote: »

Doubtless that is the reason for the changes. Folk not using the account for its intended purposes. All thanks to MSE heralding the terms prior to the new ones.

They had their own publicity, before Mr Lewis mentioned them on tv, regarding the 3% promise.

Shakin_Steve

A_Flock_Of_Sheep wrote: »

Doubtless that is the reason for the changes. Folk not using the account for its intended purposes. All thanks to MSE heralding the terms prior to the new ones.

Well....silly for an MSEer, I know, but I felt a bit guilty. So I moved three DD's over to our first account and, when I set up the DD for my car tax tomorrow, I'll put it on the second.
EDIT: Of course I send the money across from Barclays to pay thee DD's so my balance never falls below £3000. Don't feel that guilty;)

YorkshireBoy

Shakin_Steve wrote: »

when I set up the DD for my car tax tomorrow, I'll put it on the second.

Is there a premium payable for paying car tax monthly? Won't that eat into the benefit of having the account?

Shakin_Steve

YorkshireBoy wrote: »

Is there a premium payable for paying car tax monthly? Won't that eat into the benefit of having the account?

The tax is £130, I think it's about £140 so less than £1 a month. But still, you're right. I may have to reconsider

Snakey

Kicking myself because I applied back in November and they mucked me around - sending me stuff they had no record of, having records of stuff they hadn't sent me... I got a bit twitchy with the answers I was getting over the phone as it sounded like things were going to the wrong address. The application had run out of date because I hadn't received the form, they offered to do it over the phone but I said never mind and let it lapse... I was getting busy in the run-up to Christmas anyway so I thought I'd calm down and come back to it in the New Year.

Picked it up, completely by coincidence, a couple of days after they'd closed it to new applicants. And now I don't have enough (any) spare direct debits.

Oh well, c'est la vie. I'll go and spend it on something nice instead.

I expect everybody who does have a couple of them already is feeling deservedly smug!