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Compare our savings accounts

Whether you want to save flexibly and pay in when you can, or set aside a lump sum and watch it grow, we've a range of savings products that could help you meet your savings goals.

Instant Access Savings Account

*The Standard Interest Rate (variable) will change from 0.60% to 0.25% Gross/AER on 8 November 2016

Gross annual interest rate (for comparison)Interest rates definitionsWhen interest is paidMinimum depositTax-free savingAbout tax-free savingsAccess to your money at any timeDaily withdrawal limits apply
0.60% Gross/AER (variable)*Annually - at the end of April; monthly - on the last day of each month£1-

This website provides details of introductory interest rates that apply in the agreed term after the account is opened. If you have an existing account and you’d like to check the current rate your account is on , you can do this by logging on to Online Banking or the Mobile App. Alternatively you can call us on 0345 678 5678 to check your current interest rate. This number may be included as part of any inclusive call minutes provided by your phone operator.

Internet Saver

*The Standard Interest Rate (variable) will change from 0.75% to 0.40% Gross/AER on 8 November 2016

Gross annual interest rate (for comparison)Interest rates definitionsWhen interest is paidMinimum depositTax-free savingAbout tax-free savingsAccess to your money at any timeDaily withdrawal limits apply
1.07% Gross/AER (variable)*Includes a fixed 0.32% bonus for 12 months on balances up to £1 million.Standard Interest Rate (variable)* - annually at the end of March; bonus rate - on the anniversary of the account opening£1-

This website provides details of introductory interest rates that apply in the agreed term after the account is opened. If you have an existing account and you’d like to check the current rate your account is on , you can do this by logging on to Online Banking or the Mobile App. Alternatively you can call us on 0345 678 5678 to check your current interest rate. This number may be included as part of any inclusive call minutes provided by your phone operator.

Fixed Rate Saver: 1 year term

Our Fixed Rate Saver offers a choice of terms

Gross annual interest rate (for comparison)Interest rates definitionsWhen interest is paidMinimum depositTax-free savingAbout tax-free savingsAccess to your money at any timeDaily withdrawal limits apply
1.20% Gross/AERGuaranteed for the 1 year termAnnually or monthlyWe calculate interest daily from the date we receive your deposit£2,000--

This website provides details of introductory interest rates that apply in the agreed term after the account is opened. If you have an existing account and you’d like to check the current rate your account is on , you can do this by logging on to Online Banking or the Mobile App. Alternatively you can call us on 0345 678 5678 to check your current interest rate. This number may be included as part of any inclusive call minutes provided by your phone operator.

Fixed Rate Saver: 2 year term

Our Fixed Rate Saver offers a choice of terms

Gross annual interest rate (for comparison)Interest rates definitionsWhen interest is paidMinimum depositTax-free savingAbout tax-free savingsAccess to your money at any timeDaily withdrawal limits apply
1.50% Gross/AERGuaranteed for the 2 year termAnnually or monthlyWe calculate interest daily from the date we receive your deposit£2,000--

This website provides details of introductory interest rates that apply in the agreed term after the account is opened. If you have an existing account and you’d like to check the current rate your account is on , you can do this by logging on to Online Banking or the Mobile App. Alternatively you can call us on 0345 678 5678 to check your current interest rate. This number may be included as part of any inclusive call minutes provided by your phone operator.

Fixed Rate Saver: 3 year term

Our Fixed Rate Saver offers a choice of terms

Gross annual interest rate (for comparison)Interest rates definitionsWhen interest is paidMinimum depositTax-free savingAbout tax-free savingsAccess to your money at any timeDaily withdrawal limits apply
1.52% Gross/AERGuaranteed for the 3 year termAnnually or monthlyWe calculate interest daily from the date we receive your deposit£2,000--

This website provides details of introductory interest rates that apply in the agreed term after the account is opened. If you have an existing account and you’d like to check the current rate your account is on , you can do this by logging on to Online Banking or the Mobile App. Alternatively you can call us on 0345 678 5678 to check your current interest rate. This number may be included as part of any inclusive call minutes provided by your phone operator.

Fixed Rate Saver: 4 year term

Our Fixed Rate Saver offers a choice of terms

Gross annual interest rate (for comparison)Interest rates definitionsWhen interest is paidMinimum depositTax-free savingAbout tax-free savingsAccess to your money at any timeDaily withdrawal limits apply
1.55% Gross/AERGuaranteed for the 4 year termAnnually or monthlyWe calculate interest daily from the date we receive your deposit£2,000--

This website provides details of introductory interest rates that apply in the agreed term after the account is opened. If you have an existing account and you’d like to check the current rate your account is on , you can do this by logging on to Online Banking or the Mobile App. Alternatively you can call us on 0345 678 5678 to check your current interest rate. This number may be included as part of any inclusive call minutes provided by your phone operator.

Fixed Rate Saver: 5 year term

Our Fixed Rate Saver offers a choice of terms

Gross annual interest rate (for comparison)Interest rates definitionsWhen interest is paidMinimum depositTax-free savingAbout tax-free savingsAccess to your money at any timeDaily withdrawal limits apply
1.60% Gross/AERGuaranteed for the 5 year termAnnually or monthlyWe calculate interest daily from the date we receive your deposit£2,000--

This website provides details of introductory interest rates that apply in the agreed term after the account is opened. If you have an existing account and you’d like to check the current rate your account is on , you can do this by logging on to Online Banking or the Mobile App. Alternatively you can call us on 0345 678 5678 to check your current interest rate. This number may be included as part of any inclusive call minutes provided by your phone operator.

Fixed Rate Cash ISA: 1 year term

Gross annual interest rate (for comparison)Interest rates definitionsWhen interest is paidMinimum depositTax-free savingAbout tax-free savingsAccess to your money at any timeDaily withdrawal limits apply
1.16% Gross/AERGuaranteed for the 1 year termAnnually on the anniversary of the account opening£1
-

This website provides details of introductory interest rates that apply in the agreed term after the account is opened. If you have an existing account and you’d like to check the current rate your account is on , you can do this by logging on to Online Banking or the Mobile App. Alternatively you can call us on 0345 678 5678 to check your current interest rate. This number may be included as part of any inclusive call minutes provided by your phone operator.

Instant Access Cash ISA

*The Standard Interest Rate (variable) will change from 0.75% to 0.50% Gross/AER on 8 November 2016

Gross annual interest rate (for comparison)Interest rates definitionsWhen interest is paidMinimum depositTax-free savingAbout tax-free savingsAccess to your money at any timeDaily withdrawal limits apply
0.75% Gross/AER (variable)*Annually on the anniversary of the account opening£1

This website provides details of introductory interest rates that apply in the agreed term after the account is opened. If you have an existing account and you’d like to check the current rate your account is on , you can do this by logging on to Online Banking or the Mobile App. Alternatively you can call us on 0345 678 5678 to check your current interest rate. This number may be included as part of any inclusive call minutes provided by your phone operator.

Junior Cash ISA

Save for your children - tax free

Gross annual interest rate (for comparison)Interest rates definitionsWhen interest is paidMinimum depositTax-free savingAbout tax-free savingsAccess to your money at any timeDaily withdrawal limits apply
3.00% Gross/AER (variable)Annually on the anniversary of the account opening£1
-

This website provides details of introductory interest rates that apply in the agreed term after the account is opened. If you have an existing account and you’d like to check the current rate your account is on , you can do this by logging on to Online Banking or the Mobile App. Alternatively you can call us on 0345 678 5678 to check your current interest rate. This number may be included as part of any inclusive call minutes provided by your phone operator.

Important information

Interest rates

Interest rate definitions

  • Gross is the interest rate paid before tax (if applicable) is deducted.
  • Annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and compounded each year. Please note that for our Fixed Rate Saver, the interest your earn is paid directly into another bank account and therefore not compounded.
  • NEW - Following the Government’s introduction of the Personal Savings Allowance, we will no longer deduct tax from your interest earned.

Interest rates

Please note that interest rates are correct as at dates shown below, and may be subject to change.

  • Instant Access Savings Account rates correct as at 21 January 2015.
  • Internet Saver rates correct as at 5 August 2016.
  • Fixed Rate Saver rates correct as at 08 July 2016.
  • Instant Access Cash ISA rates correct as at 1 July 2015.
  • Fixed Rate Cash ISA rates correct as at 15 June 2016.
  • Junior Cash ISA rates correct as at 6 November 2012.

Tax-free savings

Tax-free saving

The current rules for ISAs are subject to change by HM Revenue & Customs and the value of tax-free savings benefits depends on individual circumstances.

Daily withdrawal limits

Instant Access Savings

  • Telephone: You can withdraw all of your money over the phone
  • Online: £10,000 to non-Tesco Bank accounts in the UK and £100,000 by making internal transfers to other Tesco Bank accounts in your own name
  • In-store (Customer Service Desk): £500
  • ATM: £300

The in-store withdrawal service is available in selected Tesco stores only.

Internet Saver

The maximum daily limit for Internet Saver withdrawals is £10,000 to non-Tesco Bank accounts in the UK, and £100,000 by making internal transfers to other Tesco Bank accounts in your own name. But if you want to withdraw more, you can call us and we'll be happy to help you.

Instant Access Cash ISA

The maximum daily limit for Instant Access Cash ISA withdrawals is £10,000 via online banking, no restriction by telephone.

Maximum daily withdrawal limits may change from time to time. We will notify you of these changes.

Personal Savings Allowance

Personal Savings Allowance

Earn interest on your savings tax free, up to a certain amount.

  • Basic rate tax-payer can earn £1,000 interest tax free
  • Higher rate tax-payer can earn £500 interest tax free

The current tax rules are subject to change by HM Revenue & Customs and the value of tax benefits depends on individual circumstances.