Easy access
Tesco Bank savings rates
Tesco Bank offers a broad range of savings accounts with interest rates up to 4.55%.
Formerly a partnership with RBS, Tesco Bank is now owned and operated by Barclays, and provides a respectable range of savings products covering instant access accounts, bonds, ISAs and junior savings. Tesco Bank's top savings rate of 8% is available on one of its easy access accounts.
Easy access savings accounts
Table: sorted by interest rate
Tesco Bank's top easy access rate of 8% is the best currently on the market.
1 of 1 result
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseCash ISAs
Table: sorted by interest rate
Tesco Bank's best cash ISA rate of 4.4% is very slightly lower than today's market-best rate of 4.72%.
2 of 2 results
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseFixed-rate bonds
Table: sorted by interest rate
Tesco Bank's best fixed-rate bond rate of 4.55% is very slightly lower than today's market-best rate of 5%.
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseNotice savings accounts
Table: sorted by interest rate
Tesco Bank's best notice savings account rate of 4.3% is very slightly lower than today's market-best rate of 4.38%.
0 of 0 results
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseRegular savings accounts
Table: sorted by interest rate
Tesco Bank's top regular savings account rate of 7.5% is the best currently on the market.
0 of 0 results
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseBusiness savings accounts
Table: sorted by interest rate
Tesco Bank's best business savings account rate of 4.55% is very slightly lower than today's market-best rate of 4.76%.
0 of 0 results
Compare other products
We currently don't have that product, but here are others to consider:
How we picked these
Be first to know about new deals
Sign up to receive the latest deals, tips and a chance to win £100! (T&Cs)
Error placeholder Click here to sign in
What is Tesco Bank's best savings account with the highest interest rate?
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, notice accounts, regular savers, business |
|---|---|
| Best easy access rate | 8% |
| Best cash ISA rate | 4.4% |
| Best fixed-rate bond rate | 4.55% |
| Best notice account rate | 4.3% |
| Best regular saver rate | 7.5% |
| Best business savings account rate | 4.55% |
| Fixed bond terms | 1 year - 5 years |
| Notice account periods available | 14 days - 180 days |
| Opening options | Website, telephone |
| FSCS protection |
How to open a Tesco Bank savings account
Applying for a Tesco Bank account is always online. You will need documents when applying, though. You could be asked for:
- Photo ID, like a passport or driving licence
- Your address history for the last 3 years
- Proof of address, such as a recent gas or electricity bill
- Proof of your monthly income after tax and national insurance deductions
Tesco Bank customer reviews
In our independent 2025 customer satisfaction survey, 77% of Tesco Bank’s users said they’d recommend the brand to a friend.
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 3.3 out of 5 from over 17,000 Android app users (updated April 2025).
What are the pros and cons of saving with Tesco Bank?
Pros
- Online and mobile. Manage your savings accounts online or in the Tesco Bank app. Transfer your money between your Tesco accounts and check your balances and transactions.
- Savings card allows cash withdrawals. Some of its instant access savings accounts come with a card which can be used to make ATM withdrawals straight from the account.
- Junior ISA. Made for children that don't have a trust fund. You can start off small and build up the savings pot over time.
Cons
- Better interest rates elsewhere. Decent rates with some of these options but better ISA and savings account interest rates elsewhere.
- Easy access is not so easy compared to some competitors. Tesco Bank's main easy access savings account comes with daily withdrawal limits.
- Bonus rates. Look out for "bonus" rates that can drop drastically after an intro honeymoon period. At that point, change to a different Tesco Bank savings account or save with a new bank.
Customer service information for Tesco Bank
| Email support | |
|---|---|
| Telephone support | |
| In-app or live chat | |
| Contact form | |
| Branch support |
Our verdict
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.
Frequently asked questions
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.
FREE interest rate alerts
Sign up to receive the latest deals, expert tips, and a chance to win £100! (T&Cs)
Error placeholder Click here to sign in
More resources on Finder
More guides on Finder
-
Meteor savings platform review
We explore how the savings platform Meteor works and if it’s right for you.
-
What is the average savings interest rate in the UK?
High inflation could be making your savings accounts lose value in “real terms”. We look at historical savings versus inflation rates.
-
Savings statistics: Average UK savings in 2026
Our 2026 savings statistics show the average savings amount in the UK is £19,214 but 2 in 5 Brits (39%) have £1,000 or less.
-
Best savings accounts for June 2026
Find out more about the different types of savings accounts on offer.
-
Compare the best easy-access ISAs UK 2026
Discover what is an easy-access ISA, how to find one and more.
-
Compare the best notice savings accounts UK 2026
What if you could get both great interest rates and access to your money? We’re not quite there yet, but notice savings accounts come close.
-
Ford Money savings review
Whatever you’re saving for, find the right Ford Money savings account for you. Ford Money offers a range of savings accounts and ISAs, and our guide takes you through the details.
-
Cash ISA vs savings accounts: Which is better?
Choosing between ISAs or normal savings accounts is easier than it seems. Pick the one which pays out most! Read our guide for tips on how to get the most out of your savings pot.
-
Tandem Bank review
Is Tandem’s app-only bank the right solution for you? We explore the app and all of the features of a Tandem Bank account.
-
Best cash ISA rates UK 2026
A cash ISA is a savings account where you never pay tax on the interest. Use our comparison table to find the best ISA rates – whether you want to lock cash in for a set time or keep it easy access.