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  • FIRST POST
    • fly-catchers
    • By fly-catchers 21st Aug 19, 4:19 PM
    • 201Posts
    • 323Thanks
    fly-catchers
    Coop bank...
    • #1
    • 21st Aug 19, 4:19 PM
    Coop bank... 21st Aug 19 at 4:19 PM
    Thinking of moving to the Coop bank now that Tesco Bank has reduced all its interest. Guess there is no current incentive going for moving to the Coop at the moment? And I wonder if they too will reduce or stop that 4 monthly reward. Still at the moment it seems about the best around. Or any other recommendations..
Page 1
    • eskbanker
    • By eskbanker 21st Aug 19, 5:05 PM
    • 11,128 Posts
    • 13,770 Thanks
    eskbanker
    • #2
    • 21st Aug 19, 5:05 PM
    • #2
    • 21st Aug 19, 5:05 PM
    https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/ summarises the best of the currently-available offers at any point in time, categorised into switching incentives, credit interest and cashback/rewards, so pick from those according to what's most pertinent to you....
    • Rich2808
    • By Rich2808 21st Aug 19, 5:50 PM
    • 842 Posts
    • 676 Thanks
    Rich2808
    • #3
    • 21st Aug 19, 5:50 PM
    • #3
    • 21st Aug 19, 5:50 PM
    There is the 3% interest payable by TSB on 1,500 on their plus account with a 500 minimum payment a month.

    They also do a 75 refer a friend scheme - the referrer and referee get 75 each. That requires a full switch however and the switched in account to have two active direct debits on it.

    https://www.tsb.co.uk/recommend-friend/

    But the co-op is also a good deal - just have 4 direct debit payments going out a month, pay in at least 800 a month and login to the app/internet banking monthly and you get the 4. You also get 5p per direct debit payment up to 1.50 per month – but fewer take advantage of that.
    • YorkshireBoy
    • By YorkshireBoy 21st Aug 19, 5:55 PM
    • 30,878 Posts
    • 18,893 Thanks
    YorkshireBoy
    • #4
    • 21st Aug 19, 5:55 PM
    • #4
    • 21st Aug 19, 5:55 PM
    There is the 3% interest payable by TSB on 1,500 on their plus account with a 500 minimum payment a month.

    They also do a 75 refer a friend scheme - the referrer and referee get 75 each. That requires a full switch however and the switched in account to have two active direct debits on it.

    https://www.tsb.co.uk/recommend-friend/

    But the co-op is also a good deal - just have 4 direct debit payments going out a month, pay in at least 800 a month and login to the app/internet banking monthly and you get the 4. You also get 5p per direct debit payment up to 1.50 per month but fewer take advantage of that.
    Originally posted by Rich2808
    The account you're switching does not have to have two DDs on it. They can be set up on the new TSB account within 28 days.
    • Hattie625
    • By Hattie625 21st Aug 19, 6:21 PM
    • 883 Posts
    • 769 Thanks
    Hattie625
    • #5
    • 21st Aug 19, 6:21 PM
    • #5
    • 21st Aug 19, 6:21 PM
    Note that the 4 Co-op direct debits don't need to be different mandates, so you can pay 1 per week to one linked savings account which accepts DD payments eg Post Office Saver,

    It's very easy to earn 5.50 per month (4 plus 1.50) if you use your Co-op debit card for everyday payments (5 pence per debit card payment up to 30 payments). It's not all or nothing on the debit card payments, so if you don't quite get to 30 payments in the calendar month but only (say) 20, you will still earn 1.

    OP, it's easy to earn 5 a month on the Danske Bank Reward current account (pay in at least 1200 per calendar month, no DDs required for 7 reward less 2 account fee).
    • Ed-1
    • By Ed-1 21st Aug 19, 6:53 PM
    • 2,619 Posts
    • 1,402 Thanks
    Ed-1
    • #6
    • 21st Aug 19, 6:53 PM
    • #6
    • 21st Aug 19, 6:53 PM
    OP, it's easy to earn 5 a month on the Danske Bank Reward current account (pay in at least 1200 per calendar month, no DDs required for 7 reward less 2 account fee).
    Originally posted by Hattie625
    Danske no longer accept non NI applications over the phone.
    • fly-catchers
    • By fly-catchers 21st Aug 19, 9:16 PM
    • 201 Posts
    • 323 Thanks
    fly-catchers
    • #7
    • 21st Aug 19, 9:16 PM
    • #7
    • 21st Aug 19, 9:16 PM
    Thanks everyone. I have two TSB accounts when you could have when they first started. And accounts with Halifax and Nationwide. Will give the Coop a go and just hope they don't drop the 4 soon afterwards! The Danske Bank alas won't accept me..
    • SlovakianGuy
    • By SlovakianGuy 22nd Aug 19, 3:08 PM
    • 198 Posts
    • 67 Thanks
    SlovakianGuy
    • #8
    • 22nd Aug 19, 3:08 PM
    • #8
    • 22nd Aug 19, 3:08 PM
    Danske no longer accept non NI applications over the phone.
    Originally posted by Ed-1

    Really? Sh_t! I planned to open that account one day. Well, I can still visit their branch in Belfast or somewhere.
    • LXdaddy
    • By LXdaddy 23rd Aug 19, 7:35 PM
    • 692 Posts
    • 425 Thanks
    LXdaddy
    • #9
    • 23rd Aug 19, 7:35 PM
    • #9
    • 23rd Aug 19, 7:35 PM
    T... You also get 5p per direct debit payment up to 1.50 per month but fewer take advantage of that.
    Originally posted by Rich2808
    It's 5p per debit card payment - and I for one take pretty full advantage of that getting 5.50 reward most months.
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