Savings accounts accepting DD's

Jerry_Mander

crumpet_man said:

Easy access savings accounts are close to 3%

3.25% with Coventry BS from 6th Jan

crumpet_man

Jerry_Mander said:

crumpet_man said:

Easy access savings accounts are close to 3%

3.25% with Coventry BS from 6th Jan

Which account is that?  Limited Access Saver?  If so, it's not easy access.

eskbanker

Jerry_Mander said:

pecunianonolet said:why are folk not using Paypal F&F?

You lost me. F&F?

Sending money via PayPal's Friends and Family mechanism, as opposed to paying for goods or services.

Bridlington1

Jerry_Mander said:

tg99 said:

I did an individual loose carrot the other day to trigger direct debit…..cost 2p.

How do you turn a purchase like that into a DD?

Pay for the item using a credit card and set the credit card to be paid by DD. Doing this will yield a 2p DD.

Jerry_Mander

crumpet_man said:

Jerry_Mander said:

crumpet_man said:

Easy access savings accounts are close to 3%

3.25% with Coventry BS from 6th Jan

Which account is that?  Limited Access Saver?  If so, it's not easy access.

Yes, sorry, it's 6 withdrawals maximum per year. In my mind that made it semi-easy access. basically whatever I put in there will stay until a better rate arrives and it'll be withdrawn for that. Only one withdrawal for me.

Jerry_Mander

Bridlington1 said:

Jerry_Mander said:

tg99 said:

I did an individual loose carrot the other day to trigger direct debit…..cost 2p.

How do you turn a purchase like that into a DD?

Pay for the item using a credit card and set the credit card to be paid by DD. Doing this will yield a 2p DD.

I'm probably being dense here but won't the 2p just get added to all your other credit card purchases which then gets taken as one single DD as normal? I don't see the trick.

Jerry_Mander

Bridlington1 said:

Another option for debit card spending are the bookies. Just deposit money into an online bookies account by debit card then withdraw the money straight away by paypal. Alternatively use the money for matched betting, though only do this is you're disciplined enough to refrain from gambling.

Could you suggest an online bookies that makes it as easy as possible to pay in and get out again as that's all I'd be using it for and have no experience of this.

flaneurs_lobster

Jerry_Mander said:

Bridlington1 said:

Jerry_Mander said:

tg99 said:

I did an individual loose carrot the other day to trigger direct debit…..cost 2p.

How do you turn a purchase like that into a DD?

Pay for the item using a credit card and set the credit card to be paid by DD. Doing this will yield a 2p DD.

I'm probably being dense here but won't the 2p just get added to all your other credit card purchases which then gets taken as one single DD as normal? I don't see the trick.

It's to maintain an otherwise unused account that is only being kept open to satisfy to conditions to get a loyalty bonus - in this case TSB require (at least) two DDs to be paid from the account monthly. The 2p carrot transaction is the only one on the card that month and settling the account satisfies one of the DDs.

tg99

Descrabled said:

tg99 said:

I did an individual loose carrot the other day to trigger direct debit…..cost 2p.

Couldn't you have found a smaller carrot?

If you had use RBS debt card you could have added £1.96 to your digital regular saver at 5% interest giving a 10p uplift in your annual income.

Unfortunately not……needed to be on one of my otherwise unused credit cards in order to generate a monthly bill and thus a direct debit.

tg99

Jerry_Mander said:

tg99 said:

I did an individual loose carrot the other day to trigger direct debit…..cost 2p.

How do you turn a purchase like that into a DD?

The only purchase during the month on an otherwise unused credit card hence monthly statement bill to settle via direct debit is 2p.