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


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

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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.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

Savings rates plummet to fresh lows yet again

It’s becoming a recurring theme, and unfortunately, it’s showing no signs of stopping. Savings rates have plummeted to fresh lows once again as the impact of the base rate cut continues – and this month, product availability has followed.

Less than half of savings accounts beat inflation

Official figures show that inflation jumped up during September, with CPI rising to 1%. Not only does this mean that consumers may begin to feel the impact on their wallets, but there are now far fewer savings accounts that will beat inflation.

Number of savings accounts falls to record low

As if the continued drop in savings rates wasn’t bad enough, our latest research reveals another blow to already hard-pressed savers, with the number of accounts available having fallen to a record low.