We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Tesco Bank to cut current account interest from 3% to 1% - MSE News
Former_MSE_Megan_F
Posts: 418 Forumite
Tesco Bank is cutting the interest offered on its popular current account from 3% to 1%...
Read the full story:
'Tesco Bank to cut current account interest from 3% to 1%'
Click reply below to discuss. If you haven’t already, join the forum to reply.
'Tesco Bank to cut current account interest from 3% to 1%'
Click reply below to discuss. If you haven’t already, join the forum to reply.
Read the latest MSE News
Flag up a news story: news@moneysavingexpert.com
Get the Free Martin's Money Tips E-mail
Flag up a news story: news@moneysavingexpert.com
Get the Free Martin's Money Tips E-mail
0
Comments
-
Blows big raspberry!!!!!! Well that'll be our £12000 whisked off elsewhere then...adios!!!How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)0
-
Was expecting this to happen at some point. I wonder how many people will now be using Tesco current accounts for switching incentives...0
-
It'll be goodbye Tesco then.......nice to have known you!0
-
Oh well, was good while it lasted. Owners of Marcus will be rubbing there hands with glee, imagine all the new customers...0
-
Thing is, if you only have money with them in order to benefit from this rate then the odds are they will be happy to see the back of you.I think....0
-
Two more accounts ready to be switched from June 14 onwards. Just need a switching offer that I can still use :cool:0
-
There's nowhere else to go just now tho, is there? With a decent interest rate?
🙁0 -
Hmm, I have one of the 'old' accounts that pays 3% without needing me to pay in any minimum or have any direct debits. I wonder if this applies to this account too? I guess I'll wait and see what letter I get...0
-
Thing is, if you only have money with them in order to benefit from this rate then the odds are they will be happy to see the back of you.
Yes, which makes threads like these kinda funny sometimes with people trying to make out like its a threat they are gonna leave.
Bad news but I give kudos to Tesco for guaranteeing a decent rate for a substantial period of time.0 -
That is a bit of a blow. Was expecting them to go perhaps 2%, to keep it competitive. It was nice whilst it lasted; especially when you didn't have the DD requirement.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.7K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards