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Tesco Clubcard Plus Account

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Does anyone have a Tesco Clubcard Plus account and if so do you know how much interest it pays? I have searched this site and online, but it seems to be a well kept secret :)
Mortgage Free in 3-T2 : Started at £151,000 Nov. 2009 Mortgage Free Oct 1st 2015 :)

Comments

  • jimjames
    jimjames Posts: 18,697 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Have you checked on Tesco site? More likely to be there than on here but I suspect it's nowhere near as much as the 3% their current account pays
    Remember the saying: if it looks too good to be true it almost certainly is.
  • spidystrider
    spidystrider Posts: 1,246 Forumite
    Mortgage-free Glee!
    jimjames wrote: »
    Have you checked on Tesco site? More likely to be there than on here but I suspect it's nowhere near as much as the 3% their current account pays

    Thanks, I have taken a look and can't see it. I may give them a call and find out :)
    Mortgage Free in 3-T2 : Started at £151,000 Nov. 2009 Mortgage Free Oct 1st 2015 :)
  • Westie983
    Westie983 Posts: 5,215 Forumite
    Tenth Anniversary 1,000 Posts I've been Money Tipped! Name Dropper
    found on the tesco website

    What is the interest rate on my Tesco Bank Clubcard Plus account?
    You can check how much Credit interest you’re earning or how much Debit Interest you are accruing at any time by contacting us on 0345 678 5678*.
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
  • I opened a Clubcard Plus account in 2005, and even then it was mainly for existing customers and Tesco had stopped promoting it in-store. The interest rate was 0.99% in 2005.

    I stopped using my account after a few years, but didn't close it until 2015. I can't find any correspondence about the interest rate changing, but as I wasn't using the account I might not have kept everything.
  • I guess it's probably still 0.99% as my average balance is around £100 and I know I earned exactly £1 in interest last year.

    Has anyone had their Clubcard Plus upgraded to chip-and-pin?

    Mark
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