from 72 ratings
72 customers rated their Tesco Bank savings as 3.9 out of 5 in our Consumer Finance Awards and Reviews.
Customer Service
Flexibility & Fairness
Product Features
Value For Money
Tesco Bank 5 Year Fixed Rate Saver Annual
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Fixed Bond£2,000.003.1% fixed
for 5 years
on £2,000+
FSCSPhone
Tesco Bank 5 Year Fixed Rate Saver Monthly
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Fixed Bond£2,000.003.1% fixed
for 5 years
on £2,000+
FSCSPhone
Tesco Bank Junior Cash ISA
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Junior Cash ISA£1.003% variable
on £1+
FSCSOnline & Phone
Tesco Bank 4 Year Fixed Rate Saver Annual
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Fixed Bond£2,000.002.75% fixed
for 4 years
on £2,000+
FSCSPhone
Tesco Bank 4 Year Fixed Rate Saver Monthly
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Fixed Bond£2,000.002.75% fixed
for 4 years
on £2,000+
FSCSPhone
Tesco Bank 3 Year Fixed Rate Saver Annual
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Fixed Bond£2,000.002.4% fixed
for 3 years
on £2,000+
FSCSPhone
Tesco Bank 3 Year Fixed Rate Saver Monthly
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Fixed Bond£2,000.002.4% fixed
for 3 years
on £2,000+
FSCSPhone
Tesco Bank 2 Year Fixed Rate Saver Annual
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Fixed Bond£2,000.002.1% fixed
for 2 years
on £2,000+
FSCSPhone
Tesco Bank 2 Year Fixed Rate Saver Monthly
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Fixed Bond£2,000.002.1% fixed
for 2 years
on £2,000+
FSCSPhone
Tesco Bank 1 Year Fixed Rate Saver Annual
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Fixed Bond£2,000.001.75% fixed
for 1 year
on £2,000+
FSCSPhone
Tesco Bank 1 Year Fixed Rate Saver Monthly
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Fixed Bond£2,000.001.75% fixed
for 1 year
on £2,000+
FSCSPhone
Tesco Bank Fixed Rate Cash ISA
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Cash ISA£1.001.65% fixed
for 1 year
on £1+
FSCSOnline & Phone
Tesco Bank Instant Access Cash ISA
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Cash ISA£1.001.45% variable
on £1+
-Online & Phone
Tesco Bank Internet Saver
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Easy Access£1.001.35% variable
on £1+
FSCSOnline
Tesco Bank Instant Access Savings
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Instant Access£1.000.75% variable
on £1+
FSCSOnline & Post

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Tesco Bank Savings Reviews

isa account easy access

by mclord, 6 days ago
good rate at start
No benefits

When I opened the account it paid 2 percent but out it only pays 1.5 if not 1.25! Would be nice if you got clubcard points for every certain amount held in account or for not making withdrawals but no such luck there! Was best on offer when got it but not now so will close it soon! The website it clear and find the app very easy to use! Haven't used customer services so can't comment there!

Customer Service:
Good, I'm happy
Flexibility & Fairness:
Average, could be better
Product Features:
Average, could be better
Value For Money:
Average, could be better


Tesco Bank Savings Account

by robwhi, 6 days ago
easy to set up and good interest rate

Tesco offered a better rate of interest than others. It was very easy to set up the account and I have had no problems with it. Having said that I have not really had much activity on the account. I am a little worried that in their present poor financial situation Tesco bank may decide to appropriate the funds in their accounts to help plug the hole of £250 million that their poor management has left them with. On the other hand any losses will be covered by the government so maybe nothing to worry about.

Customer Service:
Good, I'm happy
Flexibility & Fairness:
Good, I'm happy
Product Features:
Good, I'm happy
Value For Money:
Good, I'm happy


tricky start to my usage with tesco

by scottst34, 1 week ago
good interest rate
bad start
Recommended by scottst34

I had the online banking with the tesco credit card, so thought adding this online saver - with something like a 1.3% interest rate - would be easy. It wasn't and took a fair old while. When I asked them to transfer (using online method) £500 into my bank account (with another organisation) to get that firms good rate of interest, it went horribly wrong, and they took OUT £500 instead. This is now ok, but it was a stressful start, and has put me off recommending this online saver to others, and indeed branching out to get a tesco current account, if this is what they do.

Customer Service:
Good, I'm happy
Flexibility & Fairness:
Good, I'm happy
Product Features:
Good, I'm happy
Value For Money:
Good, I'm happy


No problems. 5 year fixed rate.

by iacamp, 1 week ago
Interest rate was OK
Recommended by iacamp

Straightforward application process. The interest is paid annually to my Current Account at another bank. Interest rate is competitive, or I'd have gone elsewhere. Everything done on-line without the need to involve salesmen or "advisors". I would definitely consider this product if you have already used up ISA allowances and the rate is still OK.

Customer Service:
Good, I'm happy
Flexibility & Fairness:
Good, I'm happy
Product Features:
Good, I'm happy
Value For Money:
Good, I'm happy


Tesco Savings Bank review

by Bilbette, 1 week ago
Accessibiliyt and interest rates
Recommended by Bilbette

I have nothing but praise for Tesco bank as their saving account has been nothing but good for me, being able to add to it at random when shopping, getting a good interest rate, collecting reward points and having my money always accessible. In answer to your question, how did I find the product: via an email sent to me directly from Tesco. I find their customer service to be very good - friendly, informative and understanding

Customer Service:
Excellent
Flexibility & Fairness:
Excellent
Product Features:
Excellent
Value For Money:
Excellent


Tesco online banking complicated access process.

by davidwm46, 28 Jun 2013
Online banking from well known company
Not user friendly, low interest rates imminent .

Online access is not user friendly and does not lean towards a pleasant experience. If a mistake is made in entering your access details, and believe me, this can be done quite easily due to the web pages convoluted nature, you are locked out and have to phone customer services to reset. Even finding this telephone number is frustrating as the help section sends you round in circles. As an example, try and find their existing accounts interest rates ! Also Tesco have announced that from August their interest rates are being dropped to a run of the mill figure no better than the competition.

Customer Service:
Good, I'm happy
Flexibility & Fairness:
Average, could be better
Product Features:
Poor, could be greatly improved
Value For Money:
Average, could be better


Tesco Bank internet saver account - fast instant access with decent interest

by smithd, 4 Mar 2012
Savings account with fast instant payments in and out
Interest rate 2.8% variable is fair, if not the highest
Recommended by smithd

I have had aTesco internet saver account for 3 years, and found it a useful addition to my main current account, which I have with another provider. The Tesco saver is opened and operated online. It offers a decent interest rate of 2.8% (at present) when the first year bonus is included.
I was pleasantly surprised at the end of my first year, and at the end of the second year, when Tesco wrote to me and extended the bonus each time. Admittedly, the ongoing bonus is a little less than in the first year, but it is still significant and is enough for me to stay with Tesco bank for the moment. This extension of bonus does not seem to be mentioned on the website, but presumably it may well apply to any other user.
The account enables fast instant payments, both in and out. There is a limit of ?10,000 for withdrawals, per day, but I have never reached that limit ! Unlike some other savings accounts on the market, I found that the money really does move within minutes or perhaps seconds.
It is necessary to first set up a linked account, in your own name, to move money in and out, but you can set up as many linked accounts as you like.

Customer Service:
Good, I'm happy
Flexibility & Fairness:
Average, could be better
Product Features:
Average, could be better
Value For Money:
Good, I'm happy


Tesco Online Banking - Simple, Secure and easy access

by debina, 12 Jul 2013
Easy Online Access
No paper trail
Recommended by debina

Very good online saving, easy to put money in and take out, access online at anytime whilst still offering good security

Customer Service:
Good, I'm happy
Flexibility & Fairness:
Good, I'm happy
Product Features:
Good, I'm happy
Value For Money:
Good, I'm happy


Tesco Savings account fine

by st3v3clay, 4 Jul 2013
Online use
Recommended by st3v3clay

Not a bad rate, way to access and work online, no complaints so far. I haven't admittedly had to speak to anyone, so customer service I have no ideas on!

Customer Service:
Average, could be better
Flexibility & Fairness:
Average, could be better
Product Features:
Average, could be better
Value For Money:
Average, could be better


Tesco Instant Access Cash ISA

by jimdun, 28 Jun 2013
Easy website to understand
Impersonal
Recommended by jimdun

Good introductory rate (2.35%)but that dropped almost as soon as we had deposited. However rate (1.75%) now no worse than competitors.Website easy to use and paperwork was delivered promptly.

Customer Service:
Good, I'm happy
Flexibility & Fairness:
Good, I'm happy
Product Features:
Good, I'm happy
Value For Money:
Good, I'm happy


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