'Earn 6.5% plus £60 of Tesco Deals' article discussion area

YorkshireBoy

del_trotter wrote: »

I applied on 12th November and the points offer was shown on their website - however Martin's article states...

Martin's updated (after the offer closed) article uses the words "by 12th November", indicating 'before'.

However, the Tesco site used the words "between 18th September and 12th November", indicating inclusive dates. On this basis, an account opened on 12th November would qualify.

carpy

i applied for mine on the 12th so hopefully i'll get the points??

johncr

I seem to have an extra 1500 points in my Clubcard a/c today, presumably as a result of opening an Internet Saver with £5000 - but I opened 2 a/cs, one for myself and one for my wife, quoting the same Clubcard number. Can only hope the other 1500 points turn up.

ginvzt

Thanks!!!!! I just checked my and OH accounts and we both got extra 1500 points in them!!! It seems it is going to be a good quarter - we already have 5500 points!

And there is still a month to go (well, probably not too much to add with all the mailings containing money off vouchers instead of extra points...)!

carpy

is it possible to check your balance via the phone as i can't log in online yet?

also is there any proof anywhere i can find to prove i applied on 12/11 as i never got any email confirmation....

MimiJane

Haven't got mine yet ... account was up and running on 5/11

Tibbledom

New announcement on Tesco website, which for internet saver (without cash card) means reduction in rate for existing customers from 6% to 5.1% from 8 January. The announcement is


“Recent Bank of England base rate decrease

In light of the recent Bank of England base rate decrease, we have reviewed the interest rates that apply on our savings accounts. From 8th January 2009 our interest rates for existing customers will be reducing by 0.90% gross p.a./AER. Details will be available in Tesco stores and online from this date”

Doc_N

Tibbledom wrote: »

New announcement on Tesco website, which for internet saver (without cash card) means reduction in rate for existing customers from 6% to 5.1% from 8 January. The announcement is


“Recent Bank of England base rate decrease

In light of the recent Bank of England base rate decrease, we have reviewed the interest rates that apply on our savings accounts. From 8th January 2009 our interest rates for existing customers will be reducing by 0.90% gross p.a./AER. Details will be available in Tesco stores and online from this date”

The usual trick. Offer a good rate, get all the money in, then drop the rate and inertia will take care of the rest.

Every little hurts.

Tibbledom

My own take on this is that it is really good news for anyone with an existing Tesco internet saver account.

They have only reduced the rate in recent months by 1.4% (=0.5% + 0.9%) at a time that bank base rate has decreased by 3% (=0.5% + 1.5% + 1%).

They have also had the decency to give advance warning of the decrease (as they did with the last increase).

A 6% rate reducing to 5.1% in early January is a market leading rate.

I am intrigued as to why they use the word “existing”. I wonder if they are giving themselves the option to pull the account if demand for new accounts is excessive.

The problem for new applicants is the incredibly long and tortuous application process which means the account is unlikely to be fully open until mid January perhaps.

I am not a fan of Tesco as a company but I don’t see how they can be criticised for this one.

anna42hmr

i agree. i dont think that rates that bad considering the others that are out at the moment, though the account is still a pain in the bum to open (and what a surprise, still no internet card or pin number lol!)