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Tesco 3% Bank Account Interest

It's up to £3000.

So if I stick in the £3000, they will give me a free £90 every month?
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Comments

  • rjmachin
    rjmachin Posts: 375 Forumite
    Ninth Anniversary 100 Posts Name Dropper
    £90 per year, assuming you have the full £3000 in the account from day 1 and leave it there for 12 months
  • Shakin_Steve
    Shakin_Steve Posts: 2,835 Forumite
    Ninth Anniversary 1,000 Posts Photogenic Name Dropper
    £90 a month would be nice........very nice.
    I came into this world with nothing and I've got most of it left.
  • agrinnall
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    It's up to £3000.

    So if I stick in the £3000, they will give me a free £90 every month?

    That's some impressive misunderstanding for an experienced user of this forum!
  • I have just opened one of these for my wife and am very impressed with how simple the process was compared with the process I went through last month in order to open a First Direct account which I opened to access their regular saver (Two 45 minute phone calls and 3 weeks before I could access it).
  • I too have a TESCO current account, I think their app and online process is as easy to use as any I've applied for.

    If only it was £90 a month!

    Mortgage free - 01/05/2019, mortgage high £200k 2011
  • I just opened a Tesco 3% current account - in martins newsletter it said you can open two accounts but the website would not let me?
  • badger09
    badger09 Posts: 11,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    middz55 wrote: »
    I just opened a Tesco 3% current account - in martins newsletter it said you can open two accounts but the website would not let me?

    You can open 2.

    Fund the account you have just opened and activate your debit card if required, then try again. If that doesn't work, try phoning them.
  • Be warned that I opened one four weeks ago, and while the account is active and funded online banking is broken so badly for me that I can't use it to get the money back out again or even view transactions. They've been looking at it for three weeks but still haven't fixed it. If I needed the £3k back in a hurry I'd be screwed.
  • TheShape
    TheShape Posts: 1,918 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker
    csteinle wrote: »
    Be warned that I opened one four weeks ago, and while the account is active and funded online banking is broken so badly for me that I can't use it to get the money back out again or even view transactions. They've been looking at it for three weeks but still haven't fixed it. If I needed the £3k back in a hurry I'd be screwed.

    Probably an isolated case. No problem for myself, my mum, my sister, my girlfriend. Shame they don't have a refer a friend scheme.
  • TheShape wrote: »
    Probably an isolated case. No problem for myself, my mum, my sister, my girlfriend. Shame they don't have a refer a friend scheme.

    Probably. But the length of time it's taking to resolve is firing off warning signals.
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