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Tesco’s improved easy access saver

Tesco’s improved easy access saver

Category: Savings
Date: 13/04/2017

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 basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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