Tesco gives savers a little help - Savings - News - Moneyfacts


Tesco gives savers a little help

Tesco gives savers a little help

Category: Savings

Updated: 12/01/2011
First Published: 18/08/2009

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 It is now over 6 months old so the content may be out of date.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 is standing by its motto that 'every little helps' by increasing the rate on its Internet Saver account by up to 0.75%.

The rise is more than welcome, given that savings rates have hit historic lows in recent months.

As a result, it now pays 3.00% on balances of up to £100K, making it one of the top paying no notice accounts in the market.

However, it does include a bonus rate of 1.75% that will end after 12 months, making it essential to reassess the account's competitiveness in a year's time.

If this seems like the account for you, don't head for the supermarket, as it's an account that can only be operated via the internet. Check our internet savings accounts best buy chart and introductory bonus best buy chart for other great variable rate offers.

the Tesco Internet Saver account has been awarded four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.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