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Stellar savings from Tesco

Stellar savings from Tesco

Category: Savings
Date: 01/11/2013

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 It is now over 6 months old so the content may be out of date.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…

Improvements to its Fixed Rate Saver accounts mean the one-year option now pays 1.90% yearly (1.88% monthly), the 18-month 2.05% yearly (2.03% monthly), the two-year 2.25% yearly (2.23% monthly), the three-year 2.55% yearly (2.52% monthly) and the four-year 2.75% yearly (2.72% monthly).

The minimum deposit requirement for all options is £2,000.

The finer details…

These accounts must be operated online or by telephone.

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

Why we like it…

Tesco's rate increases mean all options of the Fixed Rate Saver accounts improve their positions in the Moneyfacts Best Buys.

Savers must make sure they are able to commit funds at the outset as early access will not be allowed.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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