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Tesco Bank to cut current account interest from 3% to 1% - MSE News
Comments
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If i apply Tesco Bank current account today via online, am i still entitle for 3% until June 2019?0
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We can only assume that Tesco have analysed their accounts and know how many £££'s are likely to walk out the door in June.
Well you'd hope they have, otherwise they might get a shock!!How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)0 -
superlative wrote: »Hmm, I have one of the 'old' accounts that pays 3% without needing me to pay in any minimum or have any direct debits. I wonder if this applies to this account too? I guess I'll wait and see what letter I get...
Same here...2.22kWp Solar PV system installed Oct 2010, Fronius IG20 Inverter, south facing (-5 deg), 30 degree pitch, no shadingEverything will be alright in the end so, if it’s not yet alright, it means it’s not yet the endMFW #4 OPs: 2018 £866.89, 2019 £1322.33, 2020 £1337.07
2021 £1250.00, 2022 £1500.00, 2023 £1500, 2024 £13502025 target = £1200, YTD £9190
Quidquid Latine dictum sit altum videtur0 -
alandaniel132 wrote: »If i apply Tesco Bank current account today via online, am i still entitle for 3% until June 2019?
Did you bother to read the article?
Second line - “The change will come into effect for new customers from Friday 1 March, and for existing customers from 14 June.”2.22kWp Solar PV system installed Oct 2010, Fronius IG20 Inverter, south facing (-5 deg), 30 degree pitch, no shadingEverything will be alright in the end so, if it’s not yet alright, it means it’s not yet the endMFW #4 OPs: 2018 £866.89, 2019 £1322.33, 2020 £1337.07
2021 £1250.00, 2022 £1500.00, 2023 £1500, 2024 £13502025 target = £1200, YTD £9190
Quidquid Latine dictum sit altum videtur0 -
jackieblack wrote: »Did you bother to read the article?
Second line - “The change will come into effect for new customers from Friday 1 March, and for existing customers from 14 June.”
Yes, but today is 27th Feb0 -
There's nowhere else to go just now tho, is there? With a decent interest rate?
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Well there is a few instant access saving account paying above 1%. Marcus for instance is paying 1.5%.
Tesco internet saving was paying 1.45% (keep changing).
People could also start putting more money into Innovative ISA, S&S ISA with manageable level of risk rather than see their cash develuate on daily basis.0 -
So you'd be a new customer and would only get it til Friday...alandaniel132 wrote: »Yes, but today is 27th Feb0 -
I'm not sure it's worth me opening another account for half a percent more... ��
People could also start putting more money into Innovative ISA, S&S ISA with manageable level of risk or if possible to be put into pension. Unless you want to see your cash eaten by inflation and devaluate on daily basis.0 -
I reckon there is just about every likelihood that they will know to the nearest £K how much they are likely to save even if everybody stayed on.We can only assume that Tesco have analysed their accounts and know how many £££'s are likely to walk out the door in June.
Well you'd hope they have, otherwise they might get a shock!!0
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