Tesco Bank savings rates
Tesco Bank offers a broad range of savings accounts with interest rates up to 4.81%.
![Tesco Bank Tesco Bank](https://www.finder.com/niche-builder/5d77bb2468c62.png)
Formerly a partnership with RBS, Tesco Bank is now 100% its own thing, and provides a respectable range of savings products covering instant access accounts, bonds, ISAs and junior savings. Tesco Bank's top savings rate of 4.81% is available on one of its fixed-rate bond accounts.
The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.
Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Tesco Bank offers, plus the highest interest rate currently available.
Savings account types include | Easy access, cash ISAs, fixed-rate bonds |
---|---|
Best easy access rate | 4.66% |
Best cash ISA rate | 4.45% |
Best fixed-rate bond rate | 4.81% |
Fixed bond terms | 1 year - 5 years |
Opening options | Website, telephone |
FSCS protection |
Applying for a Tesco Bank account is always online. You will need documents when applying, though. You could be asked for:
In our independent 2024 customer satisfaction survey, 80% of Tesco Bank’s users said they’d recommend the brand to a friend. Customers highlighted the bank’s great customer service. However, some cited poor interest rates. Here’s what some of those Tesco Bank customers had to say:
“Tesco’s customer service is top-notch, they respond to any problem immediately”
“It’s user friendly and easy to transfer money in and out. There are tools on the app to help manage your money.
The Tesco Bank app has a rating of 4.8 out of 5 from around 300,000 reviews on the App Store. On Google Play, the app has a score of 4.4 from over 16,000 Android app users (May 2024).
Email support | |
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Telephone support | |
In-app or live chat | |
Contact form | |
Branch support |
Tesco Bank savings accounts include instant access, fixed-rate and tax-free options, so should cover your needs, whether you’re looking to save little and often or in big chunks. Read our summary of today’s best savings rates to make sure it’s right for you and see how it weighs up against other savings providers.
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