The Top Easy Access Savings Discussion Area

adindas

bristolleedsfan said:

Tesco Bank increased the rate on its internet-operated easy access account. Internet Saver now pays 0.69% gross yearly, including a 0.59% bonus for 12 month

Do you know which of these saving ac will allow you to pay by Debitcard (No matter the interest rate they pay) ??

soulsaver

adindas said:

bristolleedsfan said:

Tesco Bank increased the rate on its internet-operated easy access account. Internet Saver now pays 0.69% gross yearly, including a 0.59% bonus for 12 month

Do you know which of these saving ac will allow you to pay by Debitcard (No matter the interest rate they pay) ??

Try the banking board - all the info is there. 

wiseonesomeofthetime

Tesco Bank Internet Saver 

Now dropped to 0.49%, including a 0.39% bonus for 12 months

typistretired

The Bank of England rate goes up and Tesco goes down. No movement on Marcus either

vernon

wiseonesomeofthetime said:

Tesco Bank Internet Saver 

Now dropped to 0.49%, including a 0.39% bonus for 12 months

What the heck are Tesco playing at! The Tesco Bank Facebook site, posted (yesterday), quote: 'As we posted yesterday, the Bank of England has increased its base rate. We’ll be passing the full increase to Internet Saver, Cash ISA, and Instant Access Saver accounts, as well as Round Up savings on Tesco Clubcard Pay+. Our standard underlying rate (variable) will increase from 0.10% Gross/AER to 0.25% Gross/AER on 11 January 2022.

where_are_we

This is good news for those who recently opened a Tesco Internet Saver at .69% of which .1% is the standard rate (variable) and .59% is the 12 month bonus rate (fixed). This .69% rate will apply until 11 January 2022 when the .1% standard rate (varaiable) will increase to .25%. This means from 11/1/22 a total of .59% + .25% = .84% will apply until the .59% bonus ends on the 12 month anniversary of the account opening. I hope I have got this right!

where_are_we

The .84% rate has not been published. But if you go on TescoBank website - Home page - click "Community" - scroll down to "latest news" - click on latest topic "Bank of England Rate Change". The .84% rate from 11/1/22 is what is implied if you have a .69% Internet Saver (not now available).

littlemissbossy

where_are_we said:

The .84% rate has not been published. But if you go on TescoBank website - Home page - click "Community" - scroll down to "latest news" - click on latest topic "Bank of England Rate Change". The .84% rate from 11/1/22 is what is implied if you have a .69% Internet Saver (not now available).

Thanks for that, good spot.

Section62

vernon said:

wiseonesomeofthetime said:

Tesco Bank Internet Saver 

Now dropped to 0.49%, including a 0.39% bonus for 12 months

What the heck are Tesco playing at!

Possibly related to all remaining Tesco current accounts being closed down on 30/11?  An outflow of cash creating a short-term need for some additional retail deposits to cover off the withdrawn balances... which offering a nice juicy 0.69% IS rate would have done. Job done, the rate offered on new IS accounts can go back down, pending application of BoE rise on all accounts... after which the new 0.49% rate will end up being roughly what the IS rate was to start with. [/speculation]

soulsaver

Bank of England Base Rate Change - Tesco Bank Community

where_are_we said:

The .84% rate has not been published. But if you go on TescoBank website - Home page - click "Community" - scroll down to "latest news" - click on latest topic "Bank of England Rate Change". The .84% rate from 11/1/22 is what is implied if you have a .69% Internet Saver (not now available).