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Good3.9(82 ratings)

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Reviewed by: readingmole

I took out this savings account because at the time it offered the best (but still dismal) interest rate. It's...

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Does Tesco Bank provide your savings account?

Tell us what you think of them because it will help others.

Compare Tesco Bank Savings

This comparison includes savings accounts for this company.

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Most popular

  • Most popular
  • Minimum opening amount
  • Highest interest rate
Tesco Bank 5 Year Fixed Rate Saver
Account type
Fixed rate bond
Open with
£2,000
Interest rate
2.25% AER fixed for 5 years
Protection scheme
FSCS
Tesco Bank Internet Saver
Account type
Easy access
Open with
£1
Interest rate
1.21% AER variable inc. 0.46% fixed bonus for 12 months
Protection scheme
FSCS
Tesco Bank Fixed Rate Cash ISA
Account type
Cash ISA
Open with
£1
Interest rate
1.3% AER fixed for 1 year
Protection scheme
-
Tesco Bank 3 Year Fixed Rate Saver
Account type
Fixed rate bond
Open with
£2,000
Interest rate
1.9% AER fixed for 3 years
Protection scheme
FSCS
Tesco Bank 1 Year Fixed Rate Saver
Account type
Fixed rate bond
Open with
£2,000
Interest rate
1.4% AER fixed for 1 year
Protection scheme
-

Tesco Bank savings reviews

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Does Tesco Bank provide your savings account?

Tell us what you think of them because it will help others.

25 Nov 2014

Recommended

Pretty average - relatively user friendly.

I took out this savings account because at the time it offered the best (but still dismal) interest rate. It's fine. Not really remarkable in any way. Easy access to savings and average rates of interest. Annual statements provided by post which is good, not all on line savings accounts do. Website is fine and reasonable user friendly.

3
Satisfactory
  • Customer service

  • Value for money

  • Flexibility & fairness

  • Product features

2 Nov 2014

Recommended

Fair Interest Rates

Interest rates have stayed competitive but would still check as bonuses have come and gone as with most savings accounts. Was easy to set up account and customer service on the phone is very good. Easy to manage the account on website. However, there is no cash card so you have to be organised and transfer money when you need it.

Interest rates

No cash card

4
Good
  • Customer service

  • Value for money

  • Flexibility & fairness

  • Product features

19 Nov 2014

Recommended

A very useful account

I found being able to pay in to this account in-store incredibly useful - no extra journeys or post charges. It has been a very usable account. The interest has been up and down but still better than many bank accounts. It is easy to get transfers in and out of the bank via telephone banking. I haven't had any problems on the whole and I have been an account holder since the bank opened. Sometimes I have had to wait in store for an appropriate member of staff to be at the service desk, but on the whole the account has been easy to manage and use.

In store convenience

more difficult to no notice transfer large amounts

3
Satisfactory
  • Customer service

  • Value for money

  • Flexibility & fairness

  • Product features

15 Oct 2014

Recommended

Tesco Savings Bank review

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

Accessibiliyt and interest rates

5
Excellent
  • Customer service

  • Value for money

  • Flexibility & fairness

  • Product features

16 Oct 2014

Tesco Bank Savings Account

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.

easy to set up and good interest rate

4
Good
  • Customer service

  • Value for money

  • Flexibility & fairness

  • Product features

Does Tesco Bank provide your savings account?

Tell us what you think of them because it will help others.