Apply for your Fixed Rate Saver account

Step one of three

Make sure you're ready to apply

Some things you should know before you apply:

  • To apply you must be a UK resident and 18 years of age or over
  • Once you put your money into a Fixed Rate Saver you can’t take it out during the fixed rate term. If you think you might need access to your funds during this time, for example, you are thinking about buying a house, this may not be the right account for you.
  • Your interest will be paid into a linked account in your own name, so please have your bank account details handy during the application process

Step two of three

Make sure you’ve read the Summary Box and Terms and Conditions for this savings account:

Step three of three

Now choose your term and apply

You will need about 10 minutes and can transfer funds from an existing Tesco Bank account once this account is open.

One last reminder - once you put your money into a Fixed Rate Saver, you can't take your money out until the end of your chosen term. If you’re happy with this, choose your term and apply.

*Following the Government's introduction of the Personal Savings Allowance, Tesco Bank will no longer deduct tax from the interest you earn from your savings. Find out more.

Length of term Annual interest Gross/AER* Monthly interest Gross/AER*
1 year 0.40% 0.40%
15 months 0.45% 0.45%
2 years 0.60% 0.60%
3 years 0.65% 0.65%
5 years 0.70% 0.70%

Post maturity interest rate

If we do not hear from you ahead of your fixed rate maturing, your matured funds will remain in the account and revert to a standard variable interest rate (currently 0.10% Gross/AER) until you move them to another account.