Tesco Savings 3%

Yes, I got that email too.  Seems almost too good to be true, 3% on up to £6000; we're thinking of applying, every little helps as they say!

It's a reasonable rate these days, and the promise to keep it at at least that level for a couple of years is reassuring.  Hopefully it will give the other banks something to think about.

OH has had 2 Tesco accounts for a while, I have one and will open a second soon, so that will secure 3% on £12k.  They are not all filled up yet, unfortunately,  as we splashed out on that new car!

Thanks for posting this OP, we've got a Tesco CC but not  a current account so will have a look at this. I was just informed yesterday that my Nationwide Loyalty savings has dropped from .95% to .75% so looking for a replacement. I already have a couple of 5% accounts and a 3% now (was 5%) plus a few 2% ones. I followed others  on CT advice about opening more accounts and just moving money around, been doing it for almost a year now. ISA's are worth nothing same as Bonds its as Kj said Current accounts are paying out the best just now.

BOS are still paying 3% on £5k, and you can have 3 accounts each.  They do however require 2 DDs on each, but this can be achieved by opening a Tesco Instant Access Saver and a Tesco Internet Saver.

Just hoping the Tesco promise makes BOS hold their rates too.

We've done quite well for the last few years with Santander' current account, they were paying 3% on a maximum of £20000 until last November when it dropped to 1.5%.  Even that is better than most ISAs.  Also paying cashback on direct debits; although the monthly fee went up last year from £2 to £5, the income every month far outweighs that.  And you get it every month, unlike the interest on an ISA, which is only paid once a year.

Thanks for the heads up.  Well worth looking into, just as I've finished our money shuffle or so I thought.  Don't forget that only the first £1,000 per person of interest is tax free per year............................... 

HaHaHa love the the last comment Bakers2. £1000 of interest would be nice. not doing too bad since I started moving money around. This post today reminded me to check on ISA's I've got a few due up this year and a couple of bonds, they had good rates when I took them out but I don't think I'm going to get anything near as good now.

Have opened a Tesco current account  

One aims to lighten the mood if it is possible .  You mean to say you're not going to make it?

My interest is much reduced now that we bought the new car, but I think I may possibly have just  gone over the tax free limit before that!

OH is not best  pleased as she will never be a taxpayer, so we should have had more in her name.

A little glitch that will not happen again once she gets to grips with it.  I rely on her to keep the finances on track

So difficult these days to ensure you are getting the best return possible.

OH has a Santander account, it is not as good as it was obviously.

We only have council tax, fuel and telephone to pay out of it, so that cashback barely covers the £5 per month  fee.

She has moved most of the money out now, just paying in the required £500, which covers the DDs.

Mind you, with our council tax and other costs set to rocket, the cashback will increase.  And she will need to pay more into it.