Another Tesco Internet Saver Question

Just_landed

Ok I am Half way through the registration process It's sure is long winded started late November 2008. I asked what interest rate would I be getting when finally soughted. I was told I will get the 1.5% bonus rate fixed for a year & also 2.5% = 4%. Is the 2.5% fixed for a year as well or can that go up & down ? Cheers. :think:

YorkshireBoy

The underlying 2.5% rate is variable, and at the moment is 'out of synch' with all the recent base rate cuts so could be cut again.

Just_landed

YorkshireBoy wrote: »

The underlying 2.5% rate is variable, and at the moment is 'out of synch' with all the recent base rate cuts so could be cut again.

Thanks for that Im glad I asked I might as well put my money Into a 1 year fixed term bond @ 3.75%
:beer:

Ken68

I cancelled the Tesco Internet Saver account, no actual money went into it.
They have replied to an address where I lived 11 years ago.
This despite all application addresses were where I live now.