TSB Interest is incorrect this month

RG2015

The interest on my TSB Classic Plus account credited to my account on 01/05/2020 is incorrect. I had £1,500 in there until 20/04/2020 when I moved £500 out.

However, my interest was only £2.44 which is equates to 20 days (£1,500 x 2.96% x 20/365). For some reason I have received no interest on the £1,000 in there from 20/4 to 30/4.

Has anyone else had any issues with their interest this month?

badger09

RG2015 said:

The interest on my TSB Classic Plus account credited to my account on 01/05/2020 is incorrect. I had £1,500 in there until 20/04/2020 when I moved £500 out.

However, my interest was only £2.44 which is equates to 20 days (£1,500 x 2.96% x 20/365). For some reason I have received no interest on the £1,000 in there from 20/4 to 30/4.

Has anyone else had any issues with their interest this month?

No, full £3.64 here.

Did you fund account as well as withdraw? 

broju

badger09 said:

RG2015 said:

The interest on my TSB Classic Plus account credited to my account on 01/05/2020 is incorrect. I had £1,500 in there until 20/04/2020 when I moved £500 out.

However, my interest was only £2.44 which is equates to 20 days (£1,500 x 2.96% x 20/365). For some reason I have received no interest on the £1,000 in there from 20/4 to 30/4.

Has anyone else had any issues with their interest this month?

No, full £3.64 here.

Did you fund account as well as withdraw? 

Oh, only £3.28 on all of ours!

blue.peter

badger09 said:

No, full £3.64 here.

I guess I'm lucky - I got £3.65!

RG2015

badger09 said:

RG2015 said:

The interest on my TSB Classic Plus account credited to my account on 01/05/2020 is incorrect. I had £1,500 in there until 20/04/2020 when I moved £500 out.

However, my interest was only £2.44 which is equates to 20 days (£1,500 x 2.96% x 20/365). For some reason I have received no interest on the £1,000 in there from 20/4 to 30/4.

Has anyone else had any issues with their interest this month?

No, full £3.64 here.

Did you fund account as well as withdraw? 

Thanks, but if I had not funded it with £500 during the month I would not have got any interest at all.

badger09

Ooops of course you would. Hope you get your £0.79  

RG2015

badger09 said:

Ooops of course you would. Hope you get your £0.79  

Hmmm, it's just I get a bit nervous when TSB suffers a glitch. Who knows what horrors they can unleash on us this time around!

typistretired

Using your calculation RG2015 we should all have received £3.65 as comes out at £3.649.  

RG2015

typistretired said:

Using your calculation RG2015 we should all have received £3.65 as comes out at £3.649.  

Correct. When I have had £1,500.00 there for a full 30 day month I have indeed received £3.65.

billn

£3.64 for both of us, as has been said here before there seems to be no rhyme nor reason to what goes on at TSB.

General_Grant

RG2015 said:

The interest on my TSB Classic Plus account credited to my account on 01/05/2020 is incorrect. I had £1,500 in there until 20/04/2020 when I moved £500 out.

However, my interest was only £2.44 which is equates to 20 days (£1,500 x 2.96% x 20/365). For some reason I have received no interest on the £1,000 in there from 20/4 to 30/4.

Has anyone else had any issues with their interest this month?

Not all banks take account of it, but 2020 is a leap year. 
(I think Nationwide don't pay interest for 29 February.)