Tesco increases Internet Saver account interest rate

Tesco is increasing the rate on its Internet Saver account to 6.25% Gross/ AER for new customers. The rate includes a bonus of 1.50% AER.

Jeremy Sutton, Head of Savings and Investments at Tesco said, "Everyone is feeling the pinch caused by the current market conditions, so it's great to be able to offer customers a little extra to help towards their savings."

After the first 12 months the bonus period ends and their rate will revert to a flat rate of 4.75% AER

To apply or for further information visit tesco.com.