[smasher]

I wanted to deposit £50k into my Tesco's Fixed Rate Saver account.

My other bank only allowed me a maximum transfer of £25k.

Therefore, I had to do two separate deposits, each time £25k, on two seperate days.

So, my question is, do these two separate transactions still count as my "one time initial deposit"?

[ChristopherP]

@smasher Hey there, thanks for getting in touch.

This will be classed as two deposits. That means the second payment will be automatically returned to the account it came from. This usually takes around 3-5 working days to process.

I hope this clarifies things for you.

[smasher]

@ChristopherP I spoke to Helpdesk, and they say, after the initial deposit, I can add further deposits.

These further deposits will have to be added manually by Tesco staff, and may take a few days to enter into the system.

Interest is calculated daily on the balance in my account. So, in my case, I lost a couple of days worth of interest on the full £50k.

Hope this explains how things work with Tesco's Fixed Rate Saver accounts - though I suggest anyone who has doubts, ring the helpline to get clarification.