Tesco Savings News for Money Saving non-Experts 24 February at 7:12PM in Savings & investments 1 reply 690 views

dealyboy

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xxxxxxx, Your savings rate has increased

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Tesco Bank Fri 24/02/2023 16:10

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Your savings rate is on the up.

Hello xxxxxxx,

We’ve increased your savings rate, to help you save even more. Your Savings Account Standard Rate increased to 0.70% from 15 February 2023. This includes our Clubcard Pay Plus Round Up account, if you have one.

What does this mean for me?

Your savings have now increased without you having to do a thing.

To see your new interest rate Just go to our Mobile App or Online Banking.

Thanks for being one of our loyal savings customers,

Your Tesco Bank Savings Team  

Note: I do have an empty Tesco savings account I'd forgotten about. Time to plough in?

jak22

Their accounts have a small variable amount and a larger fixed bonus element. An older account may not be worth putting more in as they dont update the bonus element but it's quick to open the latest which is 2.2% + 0.7%. This might be useful if rates ever drop quickly as the bonus acts as a floor so it might be worth having one or the Post Office equivalent even if with not much in it.