Tesco Savings DDs

joeblags

tsb - no problem I don't need any DD's so ive cancelled them already. id close the account but its the only bank that I don't have to go into town for so I like to deposit change into here.


Halifax - my main account so not affected


BOS - just close them and the RS down when needed, not fussed.


Lloyds - I might move over a DD from my Halifax simply because I forgot I get free cinema tickets each year and use the RS


Nationwide - no DD'S on this account I don't think, will close this after a year when 5% is reduced and RS ends


FD - using the RS , don't know is you need any DD's on the account, if need be ill shut it down, not fussed any more.

wiseonesomeofthetime

joeblags wrote: »

FD - using the RS , don't know is you need any DD's on the account, if need be ill shut it down, not fussed any more.

I have no direct debits on my FD account and it still runs smoothly with the RS and a pound in the rubbish rate savings account to avoid the £10pm fee.

IanSt

joeblags wrote: »

Lloyds - I might move over a DD from my Halifax simply because I forgot I get free cinema tickets each year and use the RS

I might be wrong, but I think you'll just lose the interest on the Lloyds account itself if you stop the DDs. I.e. you could remove all but £1 from the account and still get the cinema tickets and have access to the RS - though you would still need to do the minimum £1500 pay in each month to stop the account fee.

beefturnmail

IanSt wrote: »

I might be wrong, but I think you'll just lose the interest on the Lloyds account itself if you stop the DDs. I.e. you could remove all but £1 from the account and still get the cinema tickets and have access to the RS - though you would still need to do the minimum £1500 pay in each month to stop the account fee.

This is my understanding too: https://www.lloydsbank.com/current-accounts/landing/ab2/club-lloyds.asp

Eco_Miser

joeblags wrote: »

Nationwide - no DD'S on this account I don't think, will close this after a year when 5% is reduced and RS ends

You could get another RS - it's still 5% on £250 a month, and no DDs required.

DennisTenus

Eco_Miser wrote: »

You could get another RS - it's still 5% on £250 a month, and no DDs required.

Sorry scrolled back quite a bit but can't work out what RS is?

Frogletina

DennisTenus wrote: »

Sorry scrolled back quite a bit but can't work out what RS is?

Regular Saver

DennisTenus

Frogletina wrote: »

Regular Saver

Ah of course, thanks

[Deleted User]

DennisTenus wrote: »

Sorry scrolled back quite a bit but can't work out what RS is?

It's referring to Nationwide Flexclusive RS: for current openings, it's offering 5% pa fixed for a yera, deposit up to £250 per month, unlimited withdrawals. You need to have a NW current account (check the conditions for the Flex RS for detail on appropriate current accounts; no DDs required)

DennisTenus

Deleted_User wrote: »

It's referring to Nationwide Flexclusive RS: for current openings, it's offering 5% pa fixed for a yera, deposit up to £250 per month, unlimited withdrawals. You need to have a NW current account (check the conditions for the Flex RS for detail on appropriate current accounts; no DDs required)

Ah I see similar to HSBC then