Why won’t Tesco increase the standard savings rate (which is variable ) on the Internet saver instead of the bonus rate ( fixed) every time they increase the rate.
Every time the rate rises by an increase in the bonus rate, you have to open a new account and close the old one if you wish to benefit.
I have done this 3 times in the last 2 months resulting in masses of paperwork/ brochures being sent out to confirm the closing and opening of an account. ( I am registered as paperless)
I opened a new account today only 14 days after opening my last one.
Obviously I am delighted with the increase but surely Tesco can operate similar to Marcus bank for example who automatically increase the standard, not bonus rate.
Every time the rate rises by an increase in the bonus rate, you have to open a new account and close the old one if you wish to benefit.
I have done this 3 times in the last 2 months resulting in masses of paperwork/ brochures being sent out to confirm the closing and opening of an account. ( I am registered as paperless)
I opened a new account today only 14 days after opening my last one.
Obviously I am delighted with the increase but surely Tesco can operate similar to Marcus bank for example who automatically increase the standard, not bonus rate.
