Tesco Savings account only option?

No_Name · 25 May 2018 at 11:07AM

Regarding 'savings' accounts, is Tesco's interest saver the only option regarding the immediate transfer / availability of funds (by Faster Payments)?

I believe others such as Shawbrook, Post Office and AA are all the day following the day of request.

surreysaver · 25 May 2018 at 11:15AM

There's the NatWest Savings Builder, but you need to make sure that the account has at least £50 more in it on the penultimate working day of each month than it did on the penultimate working day of the previous month

AirlieBird · 25 May 2018 at 11:28AM

Bank of Cyprus do near real time transfers

No_Name · 25 May 2018 at 1:24PM

Thanks for the suggestions.

That NW builders looks interesting, but you need to keep on top of it. How long has this account been available. Has it always had a competitive rate?

I suppose it's diminishing returns from 5k onwards?

Wassa123 · 25 May 2018 at 4:04PM

I believe up to 5k gives you 1.5%, and it lowers from then onwards.

Fairly newish account, I just created mine after seeing my old natwest savings account have lower interest.

No_Name · 25 May 2018 at 4:43PM

If I'm understanding this correctly, I can whack in 5k from the off (which will attract 1.5%) and say top it up by £50 - £75 every month around the 25th, with those smaller amounts attracting 1%)?

Tesco Savings account only option?

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