Tesco new 1.35% rate (including bonus) Internet saver

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  • JayMcD
    JayMcD Posts: 1 Newbie
    edited 30 November 2017 at 4:04PM
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    So what are the options or best solutions to find replacement DD's
    BM internet saver accounts covered already, or just Credit Cards but not ideal.
    Or have I missed the details in my haste reading!
  • ColdIron
    ColdIron Posts: 9,067 Forumite
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    Long thread with lots of thoughts here
  • Westie983
    Westie983 Posts: 5,213 Ambassador
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    Opened online and transferred money from the lower interest Internet Saver, DD set up for the next 5 months till I work out what to do when they remove the facility.

    Westie983
    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%
  • Katiehound
    Katiehound Posts: 7,557 Forumite
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    pearl123 wrote: »
    If you already have a Tesco savings account you just need to be signed in to open an new one.

    As I said I had just opened a new savings account whilst I already had savings accounts x 2 but I still received the text message that I quoted.
    Who knows if I will get yet another welcome pack!!
    The problem wasn't with opening, it was with withdrawing money- which I haven't tried... yet
    Being polite and pleasant doesn't cost anything! --
    Many thanks
    -Stash bust:in 2022:337
    Stash bust :2023. 120duvets, 24 bags, 43 dog coats, 2 scrunchies, 10 mittens, 6 bootees, 8 glass cases, 2 A6 notebooks, 59 cards, 6 lav bags,36 angels,9 bones, 1 knee blanket, 1 lined bag,3 owls, 88 pyramids = total 420 total spend £5. Total for 'Dogs for Good' £546.82

    2024:23 Doggy duvets,30 pyramids, 6 hottie covers, 4 knit hats,13 crochet angels,1 shopper, 87cards=164 £86 spent!!!
  • richy4
    richy4 Posts: 146 Forumite
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    Moving cash into this account is a chore.

    Initial deposit only taken by DD which took 10 days!

    Then all subsequent deposits made through the 'save now' option on the app take the full 3 working days.... what gives? Is there a faster method I'm not using?
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    richy4 wrote: »
    Moving cash into this account is a chore.
    Only if you let it be.
    Initial deposit only taken by DD which took 10 days!
    No it isn't. I funded mine in less than a minute.
    Then all subsequent deposits made through the 'save now' option on the app take the full 3 working days.... what gives? Is there a faster method I'm not using?
    Faster payment, ie push it in via online banking using the sort code and account number provided at the end of the application.
  • EachPenny
    EachPenny Posts: 12,239 Forumite
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    richy4 wrote: »
    Moving cash into this account is a chore.

    Initial deposit only taken by DD which took 10 days!

    Then all subsequent deposits made through the 'save now' option on the app take the full 3 working days.... what gives? Is there a faster method I'm not using?

    If you have a Tesco current account then FP money into the current account and do an internal transfer. The reverse also works. Transfers in and out then become instant.
    "In the future, everyone will be rich for 15 minutes"
  • richy4
    richy4 Posts: 146 Forumite
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    Did a direct internet banking payment to the Tesco account from my (Halifax) current account.

    It's worked! Thanks
  • SG27
    SG27 Posts: 2,773 Forumite
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    I need somewhere to put my nationwide current account and regular savings money now its finished. Shame this account is annual interest. Ill probably go with BM
  • Malchester
    Malchester Posts: 877 Forumite
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    My Tesco Internet Saver rate has not increased. Also notice online that new accounts remain at 1.2% with the bonus rate reduced in line with the increase in variable rate. Crafty
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