Hints & Tips
Current Interest Rates
The tables below show the current interest rates on our Tesco savings accounts. Rate definitions.
- Gross is the interest rate paid before tax is deducted.
- Annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and combined each year.
- Net is the interest rate paid after tax is deducted.
Internet Saver
Standard Rate
| All Balances | Gross / AER | Net |
|---|---|---|
| Standard Rate (variable) | 1.25% | 1.00% |
Standard rate effective from 28th May 2009.
Bonus Rate
Applies to new accounts opened from 1st December 2009 to date.
| All Balances | Gross / AER | Net |
|---|---|---|
| Standard Rate (variable) | 1.25% | 1.00% |
| Bonus | 1.50% | 1.20% |
| Gross / AER (including bonus) | 2.75% | 2.20% |
The bonus rate of 1.50% is fixed for 12 months and is available on balances up to £100,000. Balances over £100,000 earn 1.25% Gross / AER (variable).
Bonus rate effective from 1st December 2009.
Instant Access Savings
Monthly
| Saved amounts | Gross | AER | Net |
|---|---|---|---|
| £1+ | 0.75% | 0.75% | 0.60% |
| £10,000+ | 1.00% | 1.00% | 0.80% |
| £50,000+ | 1.24% | 1.25% | 0.99% |
Effective from 28th May 2009.
Annual
| Saved amounts | Gross / AER | Net |
|---|---|---|
| £1+ | 0.75% | 0.60% |
| £10,000+ | 1.00% | 0.80% |
| £50,000+ | 1.25% | 1.00% |
Effective from 28th May 2009.
Manage your Savings accounts online.
- It's free, safe and available to all acount-holding customers
- Register for My Accounts with one log-in
- View transactions, balances and transfer funds.
Lost or stolen cards?
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0800 015 3198
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