Tesco’s fixed bond rates increase | Product News - Moneyfacts

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Tesco’s fixed bond rates increase

Tesco’s fixed bond rates increase

Category: Savings
Date: 17/07/2014

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 It is now over 6 months old so the content may be out of date.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 range of fixed rate bonds, with its three and five-year versions sitting comfortably in the Moneyfacts best buys.

The basics…

Fixed Rate Saver 3 Year pays 2.30% yearly (2.28% monthly) while the five-year version pays 3.00% yearly (2.96% monthly), both on a minimum investment of £2,000.

The finer details…

The accounts can be operated by phone or online but neither allow further additions or earlier access to funds, so savers need to be comfortable with their initial investment and the term selected.

Why we like them…

Tesco's review sees its three and five-year fixed rate bonds easily hold their own against the competition, both sitting in the top ten for their respective terms.

Four Moneyfacts Stars have been awarded.

What Next?


Compare the top 3 year fixed rate bonds using our best buy chart

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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