We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Tesco Internet Saver Bonus Rate 3.5%

mebu60
mebu60 Posts: 1,901 Forumite
1,000 Posts Third Anniversary Photogenic Name Dropper
edited 20 March 2024 at 4:44PM in Savings & investments
May be of interest to some, current iteration of Tesco Internet Saver offers 4.75% comprising a variable 1.25% plus a bonus rate of 3.5% for 12 months. Locking in the latter might prove beneficial should rates suddenly nosedive. Similar to keeping a base rate minus 0.n% open.

I had £4.00 sitting in an old Tesco Internet Saver so now have £4.11 in the latest version. 

N.B. the maximum withdrawal amount online used to be, and probably still is, £10k per day but you could ring to get more. 

Comments

  • ColdIron
    ColdIron Posts: 10,327 Forumite
    Part of the Furniture 10,000 Posts Hung up my suit! Name Dropper
    It's been 4.75% since October 23 which is Paleolithic in TIS terms. I opened a second one last week to lock in the bonus for another year if needed. I don't keep much money in it (hundreds not thousands) but it has its uses
  • dealyboy
    dealyboy Posts: 2,024 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Thanks OP ... I have £0.02 in mine, haven't touched it for several years ... oh hum ... I don't think I'll bother.

    But the idea is good  :) I'm doing similar with Marcus.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.1K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.1K Work, Benefits & Business
  • 603.7K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.