2 Year Fixed Rate Saver - Tesco Bank

2 Year Fixed Rate Saver

Tesco Bank
1.6 % AER
Headline Interest Rate
Fixed
For 24 months
FSCS
Compensation Scheme
£ 2,000 min initial deposit
£ 5,000,000 max balance
  • Open By:

About the account

Account Type: Fixed Term
Headline Interest Rate: 1.6 % AER
Headline Interest Balance: £ 2,000
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 2,000
Date account was introduced: 28 Sep 2017

This account may be appropriate for you if

  • You are happy not withdrawing funds before the end of the term
  • You are over 18 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£2,0001.60%1.60%1.60%

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: annually, monthly
Minimum Balance: £ 2,000
Maximum Balance: £ 5,000,000
Statement Frequency: annually
Additional Deposits: Not allowed
Standing Orders: Not allowed
Account Certificate: Account Certificate available.

Withdrawals

Withdrawal Conditions: No withdrawals or closure permitted during the term of the account.
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: No withdrawals are permitted.
Transferred on Maturity: Customers are contacted prior to maturity. If no reply is received by maturity the monies will remain in the account at a variable interest rate.

Conditions

Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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