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Comments

  • aj23_2
    aj23_2 Posts: 1,155 Forumite
    1,000 Posts Third Anniversary Name Dropper Combo Breaker
    If you stuck a grand it in, you only get £15. 1.5% is nothing to write home about.

    I wouldn't be rushing to open this account.
  • Shashy
    Shashy Posts: 139 Forumite
    aj23 wrote: »
    If you stuck a grand it in, you only get £15. 1.5% is nothing to write home about.

    I wouldn't be rushing to open this account.

    What if I put 10 grand in it?
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Shashy wrote: »


    Neither of the above cover my own reasons for opening the account; the only thing tying me to the bag of steaming proverbial that is TSB is the 1.5% I can get on the first £1,500.
    TSB is 5% for up to £1,500
  • 2010
    2010 Posts: 5,544 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Can a joint account be opened, i can`t seem to find any info about this.
  • karlie88
    karlie88 Posts: 9,114 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    aj23 wrote: »
    If you stuck a grand it in, you only get £15. 1.5% is nothing to write home about.

    I wouldn't be rushing to open this account.

    :rotfl:

    Ah but aj23, it's about the amount of interest you get as you famously once said, not the percentage.

    So my plan is to deposit £250k which means I will earn £3750 after a year. Much better than £15, no?
    :grouphug: :D Official MSE canny forumite and HUKD VIP badge member :D :grouphug:
  • sprouty76
    sprouty76 Posts: 20 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    aj23 wrote: »
    If you stuck a grand it in, you only get £15. 1.5% is nothing to write home about.

    I wouldn't be rushing to open this account.


    What if you're due a hefty redundancy payment and don't want it sat in your current account while you decide what to do with it for the longer term? Plenty of people who can find a use for it.
  • RG2015
    RG2015 Posts: 6,180 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    karlie88 wrote: »
    :rotfl:

    Ah but aj23, it's about the amount of interest you get as you famously once said, not the percentage.

    So my plan is to deposit £250k which means I will earn £3750 after a year. Much better than £15, no?
    Just out of interest (:)), why would you want to hold £250k in cash?
  • Terry98
    Terry98 Posts: 1,155 Forumite
    Seventh Anniversary 1,000 Posts Combo Breaker
    karlie88 wrote: »
    So my plan is to deposit £250k which means I will earn £3750 after a year. Much better than £15, no?

    If I had that amount to deposit I would use three different banks even if a couple of them were paying a little less than 1.5%
  • katies_mum
    katies_mum Posts: 2,389 Forumite
    Part of the Furniture 1,000 Posts
    Thank you, was easy to open and initial deposit of £5 already showing in account.
  • Riff_Raff
    Riff_Raff Posts: 38 Forumite
    10 Posts Second Anniversary
    Presumably this is a loss leader off the back of which they're planning to sell loans? So not much reason to feel guilty about propping up GS if you just open a savings account?
This discussion has been closed.
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