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Tesco Internet Saver Bonus Rate 3.5%

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mebu60
mebu60 Posts: 1,645 Forumite
1,000 Posts Second 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: 9,873 Forumite
    Part of the Furniture 1,000 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: 1,940 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.
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