Tesco increases interest rate on Internet Saver account

From October 2, Tesco is increasing the interest rate on its Internet Saver account to 6.50%*. This will make the account one of the most competitive in the market. Also, unlike some other providers, Tesco savings customers can make as many penalty-free withdrawals as they like.

In addition, savers opening an account before November 12, who have a balance of £1,000 or more in the account on November 30 will receive up to 2,000 Clubcard points depending on their balance. These points are worth up to £80 on Clubcard deals.

Says Jeremy Sutton, Head of Tesco Savings: "With the recently announced acquisition by Tesco, customers can be reassured that Tesco Personal Finance remains in a strong financial position and that their money is safe with us. "The rate increase on our Internet Saver account makes it one of the best deals in the market and by rewarding new customers with Clubcard points for choosing Tesco, we are doing as much as we can to help customers through this uncertain period."

Rate includes a 1.5% bonus for 12 months when you open an account
Customers who have applied during previous points promotions will be excluded
The offer is limited to one account per household

For more information visit tescofinance.com