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  • FIRST POST
    • zlez93
    • By zlez93 9th Mar 18, 10:31 PM
    • 2Posts
    • 1Thanks
    zlez93
    Which Current Accounts allow weekly DDs
    • #1
    • 9th Mar 18, 10:31 PM
    Which Current Accounts allow weekly DDs 9th Mar 18 at 10:31 PM
    Hello,

    In the process of re-arranging my direct debits - bit late I know but I intend on closing a few accounts.

    Want to know which current accounts actually allow interest to be earned for a single recurring direct debit. I.e. Requiring 3 DDs for interest but using 1 single mandate which pulls money once every 3 weeks. Credegion has linked a post saying this works for Tesco.
    Last edited by zlez93; 09-03-2018 at 11:13 PM.
Page 1
    • ceredigion
    • By ceredigion 9th Mar 18, 10:47 PM
    • 2,750 Posts
    • 3,657 Thanks
    ceredigion
    • #2
    • 9th Mar 18, 10:47 PM
    • #2
    • 9th Mar 18, 10:47 PM
    http://forums.moneysavingexpert.com/showthread.php?t=5720230&highlight=tesco


    post #31
    • Westie983
    • By Westie983 10th Mar 18, 11:19 AM
    • 4,355 Posts
    • 14,911 Thanks
    Westie983
    • #3
    • 10th Mar 18, 11:19 AM
    • #3
    • 10th Mar 18, 11:19 AM
    Hello,

    In the process of re-arranging my direct debits - bit late I know but I intend on closing a few accounts.

    Want to know which current accounts actually allow interest to be earned for a single recurring direct debit. I.e. Requiring 3 DDs for interest but using 1 single mandate which pulls money once every 3 weeks. Credegion has linked a post saying this works for Tesco.
    Originally posted by zlez93
    Pointless now Tesco are withdrawing DD from next month, but Coop allow you to use Tesco savings to be pulled via DD four times to get their cashback each month, but like I say Tesco are pulling this next month.

    Many of the banks say you need to pay out each month, some say they have to only be active, some say pay out to two different companies..

    Read the T&C's of the account you are looking for to see what they require of you to do and the number of DD needed, and what type if using cashback options.

    Westie983
    Save 12k in 2018 #10 Total (25,000)+10,000/12,000 = 83.33%
    Sealed Pot Challenge ~ 11 #97 Total (410) + 40/500 = 8.00% ( x 11)
    Xmas 2018 1 a Day #2 Total 62.59/365 = 17.14%
    Virtual Sealed Pot #1 Total 900/1,000 = 90.00%
    2 Savers Club 2018 #16 Total (1,500)+-480/2,000 = 51.00%

    Total 12,022.59/15,865 = 75.78%

    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
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