Tesco Savings DDs
Comments
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veryintrigued wrote: »Anyone else have a plan B for when the inevitable occurs with the PO?
Well, the interest rates of BoS and Lloyds goes down to 1.5% in July, so my Plan B is to stop playing the game!I consider myself to be a male feminist. Is that allowed?0 -
surreysaver wrote: »Well, the interest rates of BoS and Lloyds goes down to 1.5% in July, so my Plan B is to stop playing the game!
Don't stop. I have opened 3 PO Online Saver accounts. I have seen someone say they have got 6 Post Office Accounts. Not sure if there is a maximum you can open. Very easy to create dds.
I will be switching my N/iwide account (with 2 PO dds) to get the Barclays Reward bonus).0 -
surreysaver wrote: »Well, the interest rates of BoS and Lloyds goes down to 1.5% in July, so my Plan B is to stop playing the game!Don't stop.
So when will YOU stop? The Bos / Lloyds premium over a currently-available easy access account will be only £1.80 per £1,000 invested, per annum. Less if you pay tax
I can see surreysaver's point.0 -
Don't stop. I have opened 3 PO Online Saver accounts. I have seen someone say they have got 6 Post Office Accounts. Not sure if there is a maximum you can open. Very easy to create dds.
I will be switching my N/iwide account (with 2 PO dds) to get the Barclays Reward bonus).
Well, I've got 10 - 3 issue 26, 2 issue 30, 1 24, 25, 27, 28 and 29. But my offset mortgage is 0.75% above the BoE base rate, so the next rate rise will put my mortgage at equal with these accounts - but as any savings offset against my mortgage won't be taxable, then that means I won't be any better off having these accounts, save for access to regular savers or other benefits (such as the Lloyds cinema tickets)I consider myself to be a male feminist. Is that allowed?0 -
So when will YOU stop? The Bos / Lloyds premium over a currently-available easy access account will be only £1.80 per £1,000 invested, per annum. Less if you pay taxDeleted_User wrote: »would the law look at them as genuine?0
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There have been references from (obviously knowledgable) members about Santander accounts that accept DDs from external accounts to fund them.
I asked Santander and it seems that there are four savings accounts which come into that category - although they refer to Funding Mandates rather than Direct Debits per se - as a layman, it appears to be one and the same to me.0 -
NoodleDoodleMan wrote: »There have been references from (obviously knowledgable) members about Santander accounts that accept DDs from external accounts to fund them.
I asked Santander and it seems that there are four savings accounts which come into that category - although they refer to Funding Mandates rather than Direct Debits per se - as a layman, it appears to be one and the same to me.
They used to have a savings account paid via DD but this is no longer available.
Westie983I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%£2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%Total £4095.19/£7332.95 = 55.84%0 -
Santander are sending me a Funding Mandate which sounds like a DD to me.
I'll scan and flag it up when it arrives.0 -
NoodleDoodleMan wrote: »Santander are sending me a Funding Mandate which sounds like a DD to me.
I'll scan and flag it up when it arrives.
It will be a dd. If you look at previous posts you will see that it has been scanned.0 -
Thanks, I'll need to rewind and see what it looks like.
I found this online.
https://www.santander.co.uk/csgs/StaticBS?blobcol=urldata&blobheadername1=content-type&blobheadername2=Content-Disposition&blobheadervalue1=application%2Fpdf&blobheadervalue2=inline%3Bfilename%3D84%5C508%5CSAVE0021NOV13HF_V2+FINAL_240414.pdf&blobkey=id&blobtable=MungoBlobs&blobwhere=1314017202440&maxage=3600
It may be obsolete.0
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