3% down to 1% - life now with Tesco bank account :(

trinidadone

As we all grumble with the fall in, in-credit interest from Tesco bank account, I am curious to know what money-savers will do with their bank account/s with Tesco bank.
Close your account/s?

Transfer to another provider?

keeping the account/s?

YorkshireBoy

trinidadone wrote: »

I am curious to know what money-savers will do with their bank account/s with Tesco bank.
Close your account/s?

Transfer to another provider?

keeping the account/s?

You were curious to know at the start of this month too, when you asked the same question...

https://forums.moneysavingexpert.com/discussion/comment/75537421#Comment_75537421

Some people answered. One even gave you a link to additional discussion in another thread.

Nothing useful to you in those threads?

ColdIron

Another poll that will leap to the top when someone votes many weeks after the thread dies out. Joy

aj23_2

Close one/both of your Tesco bank accounts?

I'll withdraw and keep it open with £1. It's a handy current account to have still as I opened with no requirements such as pay-in or DD.

SnowTiger

We'll have to keep our fingers crossed and hope another bank gets hacked or has an IT meltdown during the next few days. :rotfl:

Where are those Russian hackers when you need them?

Fingerbobs

Keep both / one of your Tesco bank accounts?

Since the only bank in the locale of my workplace closed down, Tesco is the only place it's possible to pay cash in without getting in the car and driving to the next town. I'll be keeping my Tesco account for that purpose.

colsten

Other / Undecided

I'll be spending the money in my Tesco accounts on handbags, heels, premium distillers' gin and caviar

Zero_Sum

Keep both / one of your Tesco bank accounts?

The middle 2 options both include the same option that is keep 1 & close 1.
This is what i'll probably do. Try & get a switching bonus, whilst keepi g t'other for clubcard points

tempus_fugit

Other / Undecided

There wasn't an option for me so I just clicked "other".

I will probably keep the accounts as you never know, the rates might go back up someday, but most of the money will be going into accounts with higher rates of interest once the rate goes down. Even my pretty low interest ISA will have a higher rate when that happens.

k4ren2006

Tranfer one / both Tesco accounts to another provider for a better rate?

I'll switch..hopefully, HSBC will go back up to £175 soon and will switch early.

trinidadone

Other / Undecided

Zero_Sum wrote: »

The middle 2 options both include the same option that is keep 1 & close 1.
This is what i'll probably do. Try & get a switching bonus, whilst keepi g t'other for clubcard points

As both options applied for you, did you click both options?