Tesco interest due ?

Tibbledom · 1 April 2009 at 8:23PM

Milarky wrote: »

Does anyone know off-chance; if the the bonus is paid separately on 31 March each year, but next March's will only have a bonus period for a part of that year anyway, can the I-saver be closed at the anniversary of opening and still receive that bonus - along with the paid up standard interest?

(Paying the bonus separately sort of implies it can only be received if the account remains open on a set date)

Account can definitely be closed 12 months after opening without any need to keep account open until 31/3/2010. It's a 12 month bonus without any catches. I will certainly be doing that. Nothing in the terms and conditions to suggest otherwise.

Harvest_Mouse · 2 April 2009 at 1:32PM

Can anyone tell me what the current interest rate is? Thanks.

PinkPig · 2 April 2009 at 3:40PM

There's nothing that says that the bonus is conditional on having the account open for a full year or whole number of years. The current interest rate is 1.75% (gross) but many people have a 1.5% bonus making a total of 3.25% (gross). The bonus isn't available for new applications.