Tesco Bank increases fixed savings rates | Product News - Moneyfacts

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Tesco Bank increases fixed savings rates

Tesco Bank increases fixed savings rates

Category: Savings
Date: 11/08/2015

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 It is now over 6 months old so the content may be out of date.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 selected rates across its savings portfolio by up to 0.20%, securing one of its deals a prime spot in the Moneyfacts charts.

The basics…

The two-year version of Fixed Rate Saver now pays a top 10 rate of 2.25% yearly (2.23% monthly), seeing it comfortably hold its own against the competition.

The finer details…

The account can be opened and operated online or by phone with a minimum investment of £2,000. As is common in the fixed bond sector, further additions and withdrawals won't be welcome, so savers must be happy with their initial investment and the term from the outset.

Why we like it…

The rate increase has propelled this bond into the top 10 accounts of its sector, ensuring it easily becomes a Moneyfacts best buy.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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