Hi there, could anyone tell me what interest rate I am currently receiving on my Tesco Current Account please? I seem to remember it was 3% on up to £3000 some time ago but I am sure this has now changed. What is the percentage and on up to what amount? Date of post 23/06/2020. Many Thanks EM1
Hi Thank you for your enquiry and I will certainly help you. The Tesco Current Account was paying 3% on balances up to £3,000 until 13th June 2019 for existing customers. From 14th June 2019 the rate was cut to 1% on balances up to £3,000. To get any interest, you need to pay in £750 and pay out at least three direct debits each statement month. Hope this helps!! Warm regards
Hi ! Your Tesco Current Account is paying you 1% interest, which means that the maximum that you can earn is £30 per year (£2.50 per month) on a credit balance of £3000.Sorry to be the bearer of bad news !I personally find it more profitable to invest any spare cash into premium bonds, where most months i win at least £25, i'll let you do the sums !Best wishes,and good luck !
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23-06-20 16:09Hi