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Tesco increases Internet Saver account interest rate to 6.25% AER

Tesco is increasing the rate on its Internet Saver account to 6.25% Gross/ AER for new customers. The rate includes a bonus of 1.50% AER.

Savings

Tesco increases Internet Saver account interest rate to 6.25% AER
30/05/08

Tesco increases Internet Saver account interest rate to 6.25% AER

 

Jeremy Sutton, Head of Savings and Investments at Tesco said, "Everyone is feeling the pinch caused by the current market conditions, so it's great to be able to offer customers a little extra to help towards their savings."
After the first 12 months the bonus period ends and their rate will revert to a flat rate of 4.75% AER
To apply or for further information visit www.tesco.com.
 
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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:
Offer applies to Internet Saver customers only.
The bonus rate applies on balances of up to £100,000.  Above that the standard rate of 4.75% AER applies.
Internet Saver is our online only savings account. Customers get 24 hour access to their account with online banking.
There is no minimum or maximum account balance
Customers can make as many withdrawals as they like and there are no penalties.
Tesco Personal Finance have passed on all Bank of England base rate changes in full since 2000
Tesco Personal Finance is covered by the Financial Services Compensation Scheme meaning the first £35,000 of a customer's savings are protected.
Interest rates are subject to variation and may change.
 
Tesco Personal Finance
Tesco Personal Finance Limited is a joint venture between The Royal Bank of Scotland plc and Tesco PLC. Tesco Personal Finance Limited. Registered in Scotland No. 173199. Registered Office: 24 St Andrew Square, Edinburgh, EH2 1AF.

 
Tesco Compare
Tesco Personal Finance Compare Limited is a part of the Tesco Personal Finance Group, a joint venture between The Royal Bank of Scotland plc and Tesco PLC. Tesco Personal Finance Compare Limited. Registered in Scotland No.SC318925. Registered Office: 24 St Andrew Square, Edinburgh EH2 1AF. Authorised and regulated by the Financial Services Authority.