Tesco Bank joins the savings party - Savings - News - Moneyfacts


Tesco Bank joins the savings party

Tesco Bank joins the savings party

Category: Savings

Updated: 04/04/2011
First Published: 06/10/2010

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 It is now over 6 months old so the content may be out of date.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 entered the short term fixed rate savings market with the launch of two competitive new bonds.

The 1 Year Fixed Rate Saver is a telephone operated account with a minimum investment of £2K paying 2.95% yearly or monthly.

The 2 Year Fixed Rate Saver is a telephone operated account with a minimum investment of £2K paying 3.50% yearly or monthly.

On both accounts, no earlier access or additions are permitted.

The emergence of Tesco Bank in the fixed rate market is great news for investors looking for a good rate from a high street name.

At 2.95% for the one year option and 3.50% for the two year both are paying top ten rates for their respective terms.

Four out of five Moneyfacts stars have been awarded.

Check out our other Tesco Savings offers

Tesco's Internet Saver Account offers acompetitive rate of interest - up to 2.60% Gross / AER (variable) and includes a fixed 1.35% bonus interest on balances up to £1 million for a year.

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 Any products featured may be withdrawn by their provider or changed at any time.

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