@ScottW, I've checked my account and the Tesco banking website and both show 1.2%, I'm not sure where you are getting your information from but it is clearly incorrect and neither show the rate as being 1.35% as at 10am on 1st December.
I too have the internet saver account with the fixed rate of 0.4% + bonus of 0.8% but my account rate has not increased yet from 1.2 to 1.35. When will this be shown?
I too have the internet saver account with the fixed rate of 0.4% + bonus of 0.8% but my account rate has not increased yet from 1.2 to 1.35. When will this be shown?
Same here !Was expecting to see 1.35% as when I opened the account the FIXED BONUS was fixed at 0.8%However I also see Tesco have been very sneaky, upped the VARIABLE part of the rate by 0.15% to 0.55% but dropped the FIXED BONUS to 0.65% leaving the rate at 1.2% overall for new customers as from today.
I made the shift on Wednesday morning from the 1.16 to the 1.20 daver account, but my account is now frozen, pending security checks (?)Anyone know how long this normally takes? I now have money tied up that I need for bill payments :(
wrote:
I made the shift on Wednesday morning from the 1.16 to the 1.20 daver account, but my account is now frozen, pending security checks (?)Anyone know how long this normally takes? I now have money tied up that I need for bill payments :(Just had my account released!What they did say too was that MMSE was telling porkies about the rate!
Re. "What they did say too was that MMSE was telling porkies about the rate!" How come that it clearly stated yesterday on the Tesco bank site that the interest rate would increase by 0.15% on 1/12/2017?Not sure I trust Tesco bank anymore & thinking seriously closing the account & opening one with someone who "Don't tell Woppers!!" to hook people in then back track.
Hi @andyrh68, I'm glad to hear that you're able to use your account! As for the rates, the standard interest rate has increased by 0.15%, but the new bonus rate has been reduced to 0.65%. I'm not sure why my colleagues would say that Money Savings Expert was misleading, as the information they provided was correct at that time. Rates can be subject to change though, increasing or decreasing at any time. I hope this helps clear things up for you and @bricepr.
Sorry for the confusion @SJK3, @dali and @martswain. The rate updated at midnight on the 1st, but wasn't showing immediately on our accounts. It should appear with the additional 0.15% now. The increase did go through on our systems yesterday though, so no interest has been lost.
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01-12-17 10:07I too have the internet saver account with the fixed rate of 0.4% + bonus of 0.8% but my account rate has not increased yet from 1.2 to 1.35. When will this be shown?
ScottW
