Money, investing, mutuals etc
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parchedpeas
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by parchedpeas » Wed Sep 23 2020 7:51pm
£30 spend for £5 return is pretty good rate, especially if you can automate it.
Amazon spenders can do a recurring £1 a day top-up that will cover it, for example. If you're likely to spend £180 at Amazon at some point in the next six months, then it's worth considering.
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Sarah
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by Sarah » Wed Sep 23 2020 9:05pm
TSB Spend & Save Account - Cashback T&Cs
https://www.tsb.co.uk/current-account-c ... itions.pdf
I was usually achieving 30 small supermarket purchases a month for Co-op Everyday Rewards (which works on a similar basis) quite easily before lockdown; although it's slightly more difficult lately. I don't think there's a need to spend £1 each time. I typically use a debit card for some of the cheapest items in my shopping basket, like 17p bottled water and anything reduced to clear, then pay for everything else with a gift card. However, I won't be attempting 30 transactions for TSB + another 60 transactions for the Co-op each month!
TSB paying £5 cashback for 30 transactions works out at 16.7p each, significantly better than 5p each from the Co-op, so long as you reach the target!
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planteria
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by planteria » Thu Sep 24 2020 8:54am
Sarah wrote: ↑Wed Sep 23 2020 9:05pm
I typically use a debit card for some of the cheapest items in my shopping basket, like 17p bottled water and anything reduced to clear, then pay for everything else with a gift card.
again, it's good commitment. but i would feel like a bit of a berk buying individual items via separate transactions.
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Sarah
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by Sarah » Thu Sep 24 2020 9:22am
It's not a problem using self service when it's quiet so that other customers aren't delayed. I wouldn't do that (and preferably avoid shopping at all) when a supermarket is busy.
Here's another tip that I discovered: In some supermarkets (e.g. Sainsbury's but not Tesco) it's possible to split payments for a single transaction when using a gift card, so can easily put most of the cost on a gift card and just the last 5p or whatever on a debit card. This also has a secondary advantage that if you later return anything, they usually offer the refund as cash or debit card, instead of going back onto the gift card.
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pabenny
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by pabenny » Thu Sep 24 2020 10:43am
The TSB £5/month is only for the first 6 months.
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planteria
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by planteria » Fri Sep 25 2020 9:49am
you're a pro Sarah.. and i clocked that on their email yesterday too pab..
fwiw getting into the habit for 6 months, and getting a system in place, for it to dry up after £30, doesn't feel worth the hassle to me. my TSB account is ripe for a transfer when the right opportunity presents itself.
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BeautifulSunshine
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by BeautifulSunshine » Fri Sep 25 2020 6:46pm
planteria wrote: ↑Fri Sep 25 2020 9:49am
you're a pro Sarah.. and i clocked that on their email yesterday too pab..
fwiw getting into the habit for 6 months, and getting a system in place, for it to dry up after £30, doesn't feel worth the hassle to me. my TSB account is ripe for a transfer when the right opportunity presents itself.
Agree, Sarah is something else.
[imutual Cashback Investment Club]
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kevinchess1
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by kevinchess1 » Wed Oct 14 2020 10:51am
I only ever got the TSB account for the decent east access interest, 5% on 2K? Plus anither £5 for using the DD card.
I stuck with it because, even at the reduce rates it was still good
Come DEC I will move it to another bank, maybe NW, for the interest or any/other for a incentive. Then probably move again/again
Politically incorrect since 69
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Sarah
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by Sarah » Wed Dec 02 2020 11:18am
Sarah wrote: ↑Wed Sep 23 2020 10:54am
It's nearly time to kiss goodbye to all those TSB Classic Plus accounts... at least this provides us with plenty of fodder for future current account switches...
We’re changing the interest rate on your Plus account.
We wanted to let you know that from 2 December 2020, we’re reducing the interest rate on your Plus account from 1.50% AER* to 0% AER.
No messing about with 0.01% here. It's going to
ZERO and they're underlining that fact by also deleting the account T&Cs relating to credit interest.
Reminder: This change takes effect today!
https://www.moneysavingexpert.com/news/ ... -interest/
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BeautifulSunshine
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by BeautifulSunshine » Wed Dec 02 2020 4:43pm
Sarah wrote: ↑Wed Dec 02 2020 11:18am
Sarah wrote: ↑Wed Sep 23 2020 10:54am
It's nearly time to kiss goodbye to all those TSB Classic Plus accounts... at least this provides us with plenty of fodder for future current account switches...
We’re changing the interest rate on your Plus account.
We wanted to let you know that from 2 December 2020, we’re reducing the interest rate on your Plus account from 1.50% AER* to 0% AER.
No messing about with 0.01% here. It's going to
ZERO and they're underlining that fact by also deleting the account T&Cs relating to credit interest.
Reminder: This change takes effect today!
https://www.moneysavingexpert.com/news/ ... -interest/
Should change the name to:
We’re changing the interest rate on your Plus Zero account.
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