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Tesco Savings offers up to 2,000 Clubcard points

New customers who open an account with Tesco Savings between February 7 and April 2 will receive up to 2,000 bonus Clubcard points. The points can be used to buy up to £20 worth of shopping or up to £80 to spend on Tesco Clubcard deals. The table below shows details of how points are awarded.       

Savings

Tesco Savings offers up to 2,000 Clubcard points
05/02/08

Tesco Savings offers up to 2,000 Clubcard points

 

Cleared balance on 31 May 2008
Clubcard points awarded
£1,000
500
£3,000
1,000
£5,000
1,500
£50,000
2,000

Customers who don’t have a Clubcard can pick up a leaflet in store or apply online. If they don’t have one they can simply agree that we can use their information to open one in their name. The bonus points are awarded based on cleared balances in the account on 31st May 2008 and will be shown on August 2008 Clubcard statements. To apply or for further information, call 0845 710 40 10 or log on to vocuspr.com/VocusEU/Url.aspx?517938x5819x-500209.

For further information, please contact:

Matthew Dransfield
Tesco Personal Finance
Tel: 0131 523 9001

Nicola McGowan
Tesco Personal Finance
Tel: 0131 523 5533

Notes to Editors:

Tesco Instant Access Savings Account

*       Current rates effective from December 14, 2007:
Deposit
Gross / AER* per year
Net **
per year
£1+
4.35%
3.48%
£3,000+
4.55%
3.64%
£5,000+
4.75%
3.80%
£15,000+
5.25%
4.20%
£50,000+
5.50%
4.40%

·         With our Instant Access savings account interest is paid monthly or annually as you chose.

·         Instant Access Savings customers can deposit cash at every Tesco store and cheques in more than 500 Tesco stores

·         Telephone banking available to Instant Access Savings customers

Tesco Internet Saver Account

·         Current rates effective from December 14, 2007:

·         With our Internet Saver Account, we have one flat rate for all balances, from £1 to £1 million.

Amount invested
All balances
Gross
5.75%
AER
5.50%
Net
4.60%

Rates quoted for Internet Saver consist of a 6-month introductory bonus of 0.50% gross/0.25% AER above the standard rate for new accounts. Interest is calculated on a daily basis and paid annually in March.

Notes

Customers can open both accounts with £1
24 hour access to accounts with online banking.
Tesco Personal Finance have passed on all Bank of England base rate changes in full since 2000

Interest rates are subject to variation as they may change.

*Annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and compounded each year.

**Net is the interest paid before the deduction of tax.

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About Tesco Personal Finance Group

Tesco Personal Finance, the financial services arm of the UK's number one supermarket chain, was launched in July 1997 and offers a combination of Internet, supermarket and telephone banking. Tesco Personal Finance has over 5 million customer accounts. It provides a range of 26 value for money financial products and services covering general insurance, lending and savings & investments. 

TPF Compare Limited has been set up as a new subsidiary of Tesco Personal Finance Group operating independently.

Tesco Personal Finance Group is a joint venture between The Royal Bank of Scotland plc and Tesco PLC. Tesco Personal Finance Group is registered in Scotland No 173199. Registered Office: 24 St Andrew Square, Edinburgh EH2 1AF.  Authorised and regulated by the Financial Services Authority.