A saver to savour from Tesco Bank - Savings - News - Moneyfacts

News

A saver to savour from Tesco Bank

A saver to savour from Tesco Bank

Category: Savings

Updated: 20/01/2011
First Published: 20/01/2011

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Tesco Bank has upped the rate paid on its two year fixed rate bond, catapulting it into the top five in its class.

The 2 Year Fixed Rate Saver now offers yearly 3.50% (+0.15%).

At 3.50% the two year bond is paying a top five rate so should appeal to investors and the monthly option paying 3.45% offers those looking to supplement their income a competitive deal.

As with many bonds there is no flexibility for additions or withdrawals so investors will need to know what funds they can commit from the outset.

Four out of five Moneyfacts stars have been awarded.

Find the best savings rates for you - Compare savings accounts


Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

6 of the best monthly interest savings accounts

Monthly interest savings accounts pay interest on your savings each month – as opposed to yearly – and therefore allow you to take a regular income from your hard-earned cash.

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.
 
Close