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Tesco’s top-5 easy access saver

Tesco’s top-5 easy access saver

Category: Savings
Date: 05/05/2017

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 It is now over 6 months old so the content may be out of date.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 by up to 0.39%, which sees its easy access with bonus savings account move up in the Best Buy chart for its sector, earning it a high rating in the process.

The basics…

The Internet Saver now boasts a variable rate of 1.06% for funds from £1 to £1 million, including a 0.66% bonus for the first 12 months. The rate for funds over £1 million and for when the bonus has expired remains at 0.40%. Interest is paid yearly and must be compounded.

The finer details…

This internet and mobile app-operated account requires a minimum investment of just £1. Unlimited additions and withdrawals are allowed, though there is a maximum daily withdrawal limit of £10,000 to non-Tesco bank accounts in the UK and a £100,000 limit to Tesco accounts under one's own name. The inclusion of a bonus means savers would be wise to review their account after the first year.

Why we like it…

The increased rate on this deal has easily secured it a higher place in the Best Buy chart for its sector as well as a high rating.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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