Tsb

elantan

Hi all,

recently opened a TSB account the one where you get 5% interest ( dropping to 3% shortly)

I am transferring the required amount of money in per month ( £500) but not receiving any interest, I must be doing something wrong, can I just check

do I need to have any direct debits coming out of this account ? or is there anything obvious anyone can think of that I'm doing wrong and not getting the monthly interest for

thanks

[Deleted User]

You don't need any DDs for interest but check online that you are set to paperless, if not, you won't get interest.

YorkshireBoy

You need to go paperless.

Willing2Learn

Hi,

You also need to be registered for internet banking and paperless statements and paperless correspondence.

Edit: I'm too slow typing lol....everyone else got here first...

Robin9

Are you registered for Internet Banking ?

colsten

You should not expect to see your interest for last month until tomorrow. TSB always credit the Plus interest on the second working day of the month

Willing2Learn

colsten wrote: »

You should not expect to see your interest for last month until tomorrow. TSB always credit the Plus interest on the second working day of the month

That is not correct. I just logged on to check and I have already been credited interest...(transaction dated 2nd June 2019)

Mnd

I had mine today as well

elantan

Hi all sorry was dealing with something else there

yes it is paperless and I do have the online banking app ... could I be missing something else ?

Robin9

elantan wrote: »

.......................

recently opened a TSB account the one where you get 5% interest ( dropping to 3% shortly) ...............

When was recent ? Is it that you have not had a full month ?

eskbanker

colsten wrote: »

You should not expect to see your interest for last month until tomorrow. TSB always credit the Plus interest on the second working day of the month

Historically, yes, but their current Ts & Cs (dated 8 April 2019) now state "Interest is paid by the 2nd of each month". Wonder if anyone checked yesterday?