Tesco Savings DDs

soulsaver

anna42hmr wrote: »

True, another option (which i am going to be using for one replacement) is paying the tv licence by monthly direct debit, i usually pay it in one lump annually, however costs no more to pay by direct debit instead per licence.

Note - paying your tv licence monthly DD is 6 months in advance of the due date.

"You'll usually pay for your first licence within six months, in instalments of around £24.50 per month. (If we have to spread the cost into four or five monthly instalments, each payment may be slightly higher). From then on, you pay for your licences in 12 monthly instalments of around £12.25 - six before your licence is due and six after."
http://www.tvlicensing.co.uk/pay-for-your-tv-licence/payment-methods/direct-debit-pay1

surreysaver

beefturnmail wrote: »

Don't think it's going to be worth keeping Halifax and Co-op open though - after you take into account the direct debits, the reward from Halifax would be £1 per month, and £0 per month from Co-op!

Switch one to Clydesdale, then

http://www.cbonline.co.uk/personal/current-accounts/

surreysaver

EachPenny wrote: »

The 'we donate to charity' confidence booster is as old as charities themselves. In the rush to find sources of £1 DD's to earn a few quid some people are bound to end up losing much more.

Whether their claims about donating to charity are true or not, the fact remains that if they can make a profit from £1 direct debits, so can charities. My concern is GoCardless doesn't know what they're up to, and they might shut onepounddd's account down, and anyone using them will have less notice than Tesco is giving people!

surreysaver

Mee wrote: »

I received a copy of the Changes to our Tesco Bank Internet Saver T & Cs... with the bumpf for a recently opened TB IS.
So it seems payments in and out need to be done via a Linked Account

They've obviously decided that they'll sent it out with their latest 1.2% IS, as they know all us MSEers will be applying for it!

Mchambers

surreysaver wrote: »

Switch one to Clydesdale, then

http://www.cbonline.co.uk/personal/current-accounts/

I have already done my Clydesdale application with 2 Tesco d/debits on my N/wide account. Easy £250.

Application has been accepted and I know my account number and sort code.

Will start switch from N/wide when d/debits are active.

surreysaver

Mchambers wrote: »

I have already done my Clydesdale application with 2 Tesco d/debits on my N/wide account. Easy £250.

Application has been accepted and I know my account number and sort code.

Will start switch from N/wide when d/debits are active.

The 5% cashback from AndroidPay is due to be paid into my 123 Lite soon, so that might be my sacrificial account....

chockydavid1983

I'm gonna say bye bye to Coop :-)

youngretired

Unfortunately anyone that has already had a incentive from Clydesdale or Yorkshire Bank is ruled out so that includes me.

beefturnmail

surreysaver wrote: »

Switch one to Clydesdale, then

http://www.cbonline.co.uk/personal/current-accounts/

Thanks, but already done the switching incentive merry-go-round

badger09

adindas wrote: »

I think for most people who are using saving as the source of DDs they do not really care about FSCS protection. If you just have around £10 (say) in the account this is the maximum you will loose in the account in the unlikely event the financial institution go bust.

Indeed.

However my comment:

badger09 wrote: »

Another downside is absence of FSCS protection:cool:

was in response to the post I quoted by mt99, which relates to an entirely different product

mt99 wrote: »

One alternative for DD is a monthly savings account for Christmas eg:

https://www.getpark.co.uk/budgeting/saving/how-it-works.jsp

No doubt others are available.

the downside is that you get your money back at Christmas but in vouchers so you have to spend at those stores, but at least it's your money unlike eg giving to a charity. Not sure what the minimum is though.