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Comments

  • sjp999
    sjp999 Posts: 146 Forumite
    Eighth Anniversary 100 Posts
    Getting one fifth of one percent more than the previous offering, ain't that enough? :)
  • I-LOV-MONEY
    I-LOV-MONEY Posts: 1,279 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    Sweetcake wrote: »
    People who are deciding to open the Tesco Internet Saver, what will you be using it for? Trying to distinguish a purpose if I do open it


    I use it to get the interest and to feed into my main bank account as necessary.
    Thank you for reading this message.
  • RG2015
    RG2015 Posts: 6,181 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    Sweetcake wrote: »
    People who are deciding to open the Tesco Internet Saver, what will you be using it for? Trying to distinguish a purpose if I do open it
    Bear in mind that the bonus will drop off after 12 months which will bring it down to 0.55%. Also note that the interest is paid annually with the basic rate (currently 0.55%) paid in March and the bonus paid 12 months after opening.
  • C_Mababejive
    C_Mababejive Posts: 11,668 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Regarding the post office online saver 1.33% gross for a year, i applied on line,was given an account ID etc. When i logged back in there was no sign of an online saver just a statement saying balance on accounts £0.

    Does it take some time to set up?

    Thanks
    Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
  • hoc
    hoc Posts: 597 Forumite
    Tenth Anniversary 500 Posts Name Dropper Photogenic
    Regarding the post office online saver 1.33% gross for a year, i applied on line,was given an account ID etc. When i logged back in there was no sign of an online saver just a statement saying balance on accounts £0.

    Does it take some time to set up?

    Thanks


    10 year member with 10k posts and you've opened an account with Post Office? Just wow.
  • Reed_Richards
    Reed_Richards Posts: 5,430 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    ... the post office online saver 1.33% ....Does it take some time to set up?
    I had an existing account and applied online for the new one with better interest. Set-up was very fast, almost instantaneous if I remember correctly.
    Reed
  • badger09
    badger09 Posts: 11,745 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    hoc wrote: »
    10 year member with 10k posts and you've opened an account with Post Office? Just wow.

    Approaching 8 year member with 6k posts and I opened one a few months ago.

    I'm well aware of the issues many posters have with withdrawals, and the interest rate is irrelevant to me. However, it serves a purpose;)
  • C_Mababejive
    C_Mababejive Posts: 11,668 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Why would there be problems with withdrawals? I used to have an online saver with them a few years back and didnt encounter any issues? The only thing i dont like about the PO and Tesco is that they dont seem to use FP or at least not instant,usually 24 hours..
    Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
  • I-LOV-MONEY
    I-LOV-MONEY Posts: 1,279 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    I believe the Post Office use the Bank of Ireland, which presumably isn't in the Faster Payments scheme.
    Thank you for reading this message.
  • ColdIron
    ColdIron Posts: 10,221 Forumite
    Part of the Furniture 10,000 Posts Hung up my suit! Name Dropper
    The only thing i dont like about the PO and Tesco is that they dont seem to use FP or at least not instant,usually 24 hours..
    Tesco is near instant, a few minutes at most, for the current account and the internet saver
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