Market-leading fixed savings from Tesco | Product News - Moneyfacts

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Market-leading fixed savings from Tesco

Market-leading fixed savings from Tesco

Category: Savings
Date: 04/10/2013

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 It is now over 6 months old so the content may be out of date.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 increased rates across its fixed savings range.

The basics…

Savers have a range of options to choose from.

The one-year option of Fixed Rate Saver now pays 1.80% yearly (or 1.79% monthly), the two-year pays 2.15% yearly (or 2.13% monthly), the three-year pays 2.45% yearly (or 2.42% monthly) and the five-year pays 3.05% yearly (or 3.01% monthly).

Savers can also select an 18-month option that pays a chart-topping 2.00% yearly, or 1.98% monthly.

The finer details…

All accounts can be operated online and by telephone.

Savers will need to deposit a minimum of £2,000.

As is common with fixed rate bonds, early access to funds or further additions will not be permitted.

Why we like it…

Tesco's savings review sees it increase rates across its fixed range. All these Best Buy products now appear in the top ten for their respective terms.

Four Moneyfacts Stars have been awarded.

What Next?

Compare the best fixed rate bonds

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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