Tesco Internet Saver - close and reopen experience

elouisecc

My Tesco Internet Saver account's 12 month introductory bonus will expire next week. Is this eligible to be closed and opened again to like various regular savings accounts or is there a cooling period like Nationwide's Flex current account bonus?

If can be closed and reopened to get the bonus for another 12 months, anybody care to share their experience and any pointers?

Yes, yes, even with bonus 1.35% is low, current accounts offer 5%, I know.

badger09

elouisecc wrote: »

My Tesco Internet Saver account's 12 month introductory bonus will expire next week. Is this eligible to be closed and opened again to like various regular savings accounts or is there a cooling period like Nationwide's Flex current account bonus?

If can be closed and reopened to get the bonus for another 12 months, anybody care to share their experience and any pointers?

Yes, yes, even with bonus 1.35% is low, current accounts offer 5%, I know.

I haven't checked the T&C recently as I don't use Tesco savings accounts for the interest

However, when I did use them for that purpose a few years ago, the T&C said you were allowed only one bonus rate account at a time. Once the bonus rate ended you could simply open another bonus rate account immediately - no need to wait 12 months.

adindas

Do you have a specific reason for doing this ??
Why do not you just open two Tesco current Accounts ?

If you have more money to save then split it among other high interest current Accounts.

elouisecc wrote: »

My Tesco Internet Saver account's 12 month introductory bonus will expire next week. Is this eligible to be closed and opened again to like various regular savings accounts or is there a cooling period like Nationwide's Flex current account bonus?

If can be closed and reopened to get the bonus for another 12 months, anybody care to share their experience and any pointers?

Yes, yes, even with bonus 1.35% is low, current accounts offer 5%, I know.

YorkshireBoy

badger09 wrote: »

However, when I did use them for that purpose a few years ago, the T&C said you were allowed only one bonus rate account at a time.

They haven't got that clause now (and haven't had it for a good while).


But...they do say "Please note that we may place a limit on how many Internet Saver accounts you can hold at any one time" (and that's a fairly recent change).