Will Tesco offer current account incentive soon?

7sefton

I'm just wondering whether Tesco are likely to launch any kind of incentive to switch to their new(ish) current account any time soon... doubt anyone on here will know for sure, but it's odd that they have launched a current account but seem determined to resist offering people a reason to try then other than 3% interest. Not only do they have the perfect mechanic (Clubcard points) but it seems pretty much the standard way to get people to try your banking service (M&S, First Direct, etc.).


I've resisted joining Tesco for some time in case I miss out on any offer (as I have done with Clydesdale and Halifax in the past), but could really do with the 3% on some spare money I have (and yes, have used every other interest paying current account already).


Any thoughts or wild guesses?!

Steve_xx

The simple answer is that nobody knows.

AlwaysLearnin

There was a window of offers last year, but no guarentee they'll repeat them

https://forums.moneysavingexpert.com/discussion/5073569

planteria

i'm surprised that they haven't offered anything more appealing

& i would guess that, at some point, they are going to come up with something more tasty.

colsten

I think Tesco have presently slightly (just!) bigger problems than their market share for current accounts. Throwing money at getting more current account customers won't do anything at all about improving their overall position. I think it is more likely that they will reduce the interest rate on their current account than offer a joining bribe. But I am guessing as everybody else is.

norm_

Seems they were toying with the idea a little while ago - https://forums.moneysavingexpert.com/discussion/5073569