Tesco Internet Saver Rates Reduction

polymaff

It is an ill wind ...

Latest Tesco "Your Internet Saver bonus period will be ending soon" (also notifying of a 1.42% to 0.35% rate drop) letters received have a £10 tear-off shopping coupon.

Almost missed it in the gloom....:)

adindas

badger09 wrote: »

However, I will now apply for a Marcus account, thus maintaining my credentials as a MSE:)

Really Surprise badger09 do not get this account. :)

MisterMotivated

polymaff wrote: »

It is an ill wind ...

Latest Tesco "Your Internet Saver bonus period will be ending soon" (also notifying of a 1.42% to 0.35% rate drop) letters received have a £10 tear-off shopping coupon.

Almost missed it in the gloom....:)

:mad: All I got was a coupon for 250 clubcard points

badger09

adindas wrote: »

Really Surprise badger09 do not get this account. :)

I know, I know. I've been trying to consolidate, rather open new accounts. But sometimes, you just have to do it:o

polymaff wrote: »

It is an ill wind ...

Latest Tesco "Your Internet Saver bonus period will be ending soon" (also notifying of a 1.42% to 0.35% rate drop) letters received have a £10 tear-off shopping coupon.

Almost missed it in the gloom....:)

MisterMotivated wrote: »

:mad: All I got was a coupon for 250 clubcard points

pffft stop complaining! Some of us got nothing to soften the bad news:mad:

Hydro1

Not sure when it happened, but I was browsing Tescobank site yesterday and noticed that they have reintroduced a bonus rate on the internet saver. The latest offering is 1.16% Gross/AER (variable) including a fixed 0.81% bonus for 12 months.

Their instant cash isa rate dropped from 1.44% to 1.14% for existing customers in October. But I see there is a new product offering 1.25%, including a 0.90% fixed bonus for 12 months.

d63

Hydro1 wrote: »

Not sure when it happened, but I was browsing Tescobank site yesterday and noticed that they have reintroduced a bonus rate on the internet saver. The latest offering is 1.16% Gross/AER (variable) including a fixed 0.81% bonus for 12 months.

Their instant cash isa rate dropped from 1.44% to 1.14% for existing customers in October. But I see there is a new product offering 1.25%, including a 0.90% fixed bonus for 12 months.

just to add that the day after the above message was posted they introduced a slightly improved internet saver paying 1.21% AER.
https://www.tescobank.com/savings/flexible/internet-saver/index.html
not entirely sure why they have gone to all the bother of increasing the rate by 0.05% but i guess it is better than a reduction.

quirkydeptless

Hydro1 wrote: »

Their instant cash isa rate dropped from 1.44% to 1.14% for existing customers in October. But I see there is a new product offering 1.25%, including a 0.90% fixed bonus for 12 months.

I have a Tesco Cash ISA because of it being a flexible one.

Also I noticed under ISA transfers, I can transfer between different Tesco Bank Cash ISA accounts, so once my bonus ends for my 1.44% one, I can use the 1.25% one.