Top-3 easy access account | moneyfacts.co.uk

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Top-3 easy access account

Top-3 easy access account

Category: Savings
Date: 28/09/2017

Tesco Bank has increased the bonus on its easy access account by 0.04%, which sees it secure the number three spot in the Best Buy chart for its sector and earn a high Moneyfacts rating.

The basics…

The Internet Saver now boasts a near market-leading variable rate of 1.20%, including a fixed 0.80% bonus for the first 12 months on amounts up to £1 million (rate of 0.40% paid above that amount). Interest is paid yearly and must be compounded.

The finer details…

This online-exclusive account requires a minimum investment of just £1. Unlimited additions and withdrawals are allowed, with the only restriction being a daily withdrawal limit of £10,000 to non-Tesco Bank accounts and a limit of £100,000 to Tesco Bank accounts in one's own name.

The inclusion of a bonus means that part of the rate is fixed for a year, but also that savers would be wise to review their account once the bonus expires.

Why we like it…

The highly competitive rate on this deal and the increased fixed bonus have easily allowed it to stay near the top of the charts and earned it 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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