Search found 34 matches

by chickenboy
Thu Feb 04, 2016 1:45 pm
Forum: Coffee Lounge / feedback
Topic: Less interest for Jan
Replies: 17
Views: 43859

Re: Less interest for Jan

ok - this time got through the department that understands. With TSB Plus - the rate is "5% AER/4.89% gross variable interest paid on balances up to £2,000". Taxed at 20% - so the December payment was later, so January had effectively 28 days according to their calculation, and if you do: ...
by chickenboy
Wed Feb 03, 2016 8:45 pm
Forum: Coffee Lounge / feedback
Topic: Less interest for Jan
Replies: 17
Views: 43859

Re: Less interest for Jan

So for 5% TSB Plus account with 2k constant balance... Previous interest payments (interest net received) and then my basic calculations 02 Feb 16 6.00 January has 31 days 5%*31/365*2000*0.8 = 6.79 04 Jan 16 7.29 December has 31 days 5%*31/365*2000*0.8 = 6.79 01 Dec 15 6.22 November has 30 days 5%*3...
by chickenboy
Wed Feb 03, 2016 12:54 pm
Forum: Coffee Lounge / feedback
Topic: Less interest for Jan
Replies: 17
Views: 43859

Less interest for Jan

Has anyone else noticed less interest for January (31 days) in TSB, Lloyds, BoS ?

For eaxmple TSB normally pays me between 6.22 - 7.44 depending on the number of days in the month (I have paid in my £1501, and have paperless billing) - yet I received only £6 interest for January?? :?:
by chickenboy
Thu Jan 14, 2016 6:01 am
Forum: Stoozing Credit Cards
Topic: New CC application, should I lower existing card limit and apply at bank with existing accounts?
Replies: 9
Views: 14056

Re: New CC application, should I lower existing card limit and apply at bank with existing accounts?

I do NOT think lowering limits helps - if you look at your clearscore rating for example, the indicators improve if you have unused credit - or to put it the other way, if you are nearly maxed out on your existing cards, it looks bad.

Go to advanced search