Savings - Summary of Internet Saver account

The Tesco Bank Internet Saver account allows you easy access to your account when you want, where you want, online.

Did we mention that we offer a great rate too?

Account Name	Internet Saver
Interest Rates (AERs)	2.80% Gross/AER (variable) for new customers. This rate includes a fixed bonus of 1.55% for the first 12 months after the account is opened on balances up to £1 million (balances above £1 million will receive the standard rate of 1.25% Gross/AER (variable)). Bonus interest is applied to your account when your bonus period ends. After the bonus period, that standard rate (currently 1.25% Gross/AER (variable)) will apply. Interest is calculated daily. Our standard interest rate is paid to your account annually on the last day in March.
Tax Status	Interest is paid net of basic rate tax, depending on your status.
Conditions for Bonus Payment	Earn fixed 1.55% bonus interest on balances up to £1 million for 12 months when opening an Internet Saver Account. Accounts with balances above this will receive the standard rate (currently 1.25% Gross/AER (variable)) on the amount above £1 million. At the end of the bonus period the rate will revert to the standard rate currently 1.25% Gross/AER (variable). Please note that only one account per person is eligible for the bonus. Tesco Bank reserves the right to withdraw this promotion at anytime.
Withdrawal Arrangements	Instant access without notice or penalty (daily withdrawal limits apply). Withdrawals for Internet Saver Accounts can only be requested using the Online Banking service. A payee is the details of your nominated account; it is required to transfer money out of your account online.
Daily Withdrawal	The maximum daily limits for Internet Saver withdrawals are £10,000. If you want to withdraw more, you can call us on 0845 678 5678 and we'll be happy to help you. Maximum daily withdrawal limits may change from time to time. We will notify you of these changes.
Access	Online only.

Account Name

Internet Saver

Interest Rates (AERs)

2.80% Gross/AER (variable) for new customers.

This rate includes a fixed bonus of 1.55% for the first 12 months after the account is opened on balances up to £1 million (balances above £1 million will receive the standard rate of 1.25% Gross/AER (variable)). Bonus interest is applied to your account when your bonus period ends.

After the bonus period, that standard rate (currently 1.25% Gross/AER (variable)) will apply. Interest is calculated daily. Our standard interest rate is paid to your account annually on the last day in March.

Tax Status

Interest is paid net of basic rate tax, depending on your status.

Conditions for Bonus Payment

Earn fixed 1.55% bonus interest on balances up to £1 million for 12 months when opening an Internet Saver Account.

Accounts with balances above this will receive the standard rate (currently 1.25% Gross/AER (variable)) on the amount above £1 million.

At the end of the bonus period the rate will revert to the standard rate currently 1.25% Gross/AER (variable).

Please note that only one account per person is eligible for the bonus. Tesco Bank reserves the right to withdraw this promotion at anytime.

Withdrawal Arrangements

Instant access without notice or penalty (daily withdrawal limits apply).

Withdrawals for Internet Saver Accounts can only be requested using the Online Banking service.

A payee is the details of your nominated account; it is required to transfer money out of your account online.

Daily Withdrawal

The maximum daily limits for Internet Saver withdrawals are £10,000. If you want to withdraw more, you can call us on 0845 678 5678 and we'll be happy to help you.
Maximum daily withdrawal limits may change from time to time. We will notify you of these changes.

Access

Online only.

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Summary of key information

Key information for our Internet Saver Account

Terms and Conditions

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Hints & Tips

Summary of key information

Key information for our Internet Saver Account

Terms and Conditions

Get Adobe Reader