Tesco Bank has increased the rate on its easy access with bonus savings account by 0.05%, which improves its position in the Best Buy chart for its sector and earns it a high rating at the same time.
The Internet Saver now boasts a variable rate of 1.01% for funds from £1 to £1 million, including a 0.61% bonus for the first 12 months. The rate for funds over £1 million and for when the bonus has expired stands at 0.40%. Interest is paid yearly and must be compounded.
This online-only account requires a minimum investment of just £1. Unlimited additions and withdrawals are allowed. The inclusion of a bonus means savers would be wise to review their account after the first year.
The competitive rate on this deal has helped to secure it a better place in the Best Buy chart for its sector, easily earning it a high rating in the process.
Moneyfacts rating: Excellent
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