Tesco Savings DDs

Lungboy wrote: »

I just signed up for one and have had the opposite experience. I need to send 2 certified forms of ID to Belfast, along with a cheque for the initial deposit. Are you sure you opened the correct account?

e: from reading the key info document, it seems your experience is the more normal one.

Mine is the Post Office Online Saver Issue 29 ...... deposits by DD ..... so seems to fit the bill for one of the Tesco DDs due to disappear! So-so interest rate, but not planning to make big deposits and will do a withdrawal every so often to top up an account paying better interest. Speed of the withdrawal reaching the target account is not too important for me, but I appreciate it might be for others.

At the end of the application process, after I was accepted, I was given the option of making the initial deposit by debit card or by DD ..... I chose the debit card as I assumed it would seed the account quicker. I signed in a little later, Account was showing with £0 balance and I set up the regular DD from the linked account ..... no problems up to now!

AndyPK wrote: »

For the Birmingham Midshires Internet Saver Account, it says I need a cheque book to verify the account. I don't have one for BOS, can I use a different account to start with and then move it to BOS later ?

Yes - no need for a cheque to change linked account.

surreysaver wrote: »

But the 2nd is a Bank Holiday. Without going through the T&Cs, I seem to recall that they pay interest on the 31st of March. So will still probably be 3rd April!

I believe the poster is talking about interest paid on current accounts, whose T&Cs are satisfied by Tesco savings account DDs. In which case, interest on BoS and Lloyds (and Rewards on Halifax) is paid at close of business on the 1st working day of the month, so early morning Wednesday 4th April (but backdated to the 1st on the statement).

considering the world is trying to end cheque books, I'm surprised so many bloody accounts are requesting them for evidence!

surreysaver wrote: »

I've just received letters in the post for each of my Tesco Internet/Instant Saver Accounts, thanking me for setting up "new" linked accounts with them, and that I'll be able to make deposits by direct debit. So maybe we can still use them for direct debits - but will be just one per account, same as the Post Office Savers?

These accounts can still be used for direct debits but only until 22 April - the way they've worded this in their Ts & Cs refers to setting up new DDs right up to that date, even though that would be a complete waste of time for most!