Thread: Tesco Internet Saver Account offering 2.75% interest

Tesco now offering 2.75% (variable with 1.25% 12 month bonus) interest on it's internet saver account:
Savings - Internet Saver - Introducing the Internet Saver account - Tesco Bank

Key information for our Internet Saver Account

Account Name Internet Saver Interest Rates (AERs) 2.75% Gross/AER (variable) for new customers.

This rate includes a fixed bonus of 1.50% for the first 12 months after the account is opened on balances up to £100,000 (balances above £100,000 will receive the standard rate of 1.25% Gross/AER (variable)).

After the bonus period, that standard rate (currently 1.25% Gross/AER (variable)) will apply. Interest is calculated daily and paid annually on the last business day in March. Tax Status Interest is paid net of basic rate tax, depending on your status. Conditions for Bonus Payment Earn fixed 1.50% bonus interest on balances up to £100,000 for 12 months when opening a Tesco Internet Saver Account.

Accounts with balances above this will receive the standard rate (currently 1.25% Gross/AER (variable)) on the amount above £100,000.

At the end of the bonus period the rate will revert to the standard underlying rate currently 1.25% Gross/AER (variable).

Please note: Only one account per person is eligible for the bonus. Tesco Personal Finance plc reserves the right to withdraw this promotion at anytime. Withdrawal Arrangements Instant access without notice or penalty (daily withdrawal limits apply).

Withdrawals for Internet Saver Accounts can only be requested using the Online Banking service. For security reasons you'll need to order a Card Reader to set up and amend payee details. A payee is the details of your nominated account; it is required to transfer money out of your account online. A payee is the details of your nominated account; it is required to transfer money out of your account online.



Daily Withdrawal The maximum daily limit for Internet Saver withdrawals is:

• Online: £10,000

Maximum daily withdrawal limits may change from time to time. We will notify you of these changes. Access Online only.