I have a bank account but would like another to save for holidays, xmas, etc. Is Tesco a good idea? thanks.
2006-08-11 04:30:09 · 4 answers · asked by smilley 2 in Business & Finance ➔ Personal Finance
The Tesco Instant Access Savings Account has quite frankly an appalling interest rate (unless you have £50,000) for a savings account.
I can personally recommend ING Direct (www.ingdirect.co.uk), who have a instant access savings account that pays monthly interest at around 4.5% on ANY amount (unlike Tescos tiered system). Its an online account but i guess so is the tesco account.
My advice is to shop around there are better rates than what Tesco are offering.
2006-08-11 07:24:09 · answer #1 · answered by t 1 · 0⤊ 0⤋
I think you should think carefully about who you open an account with. for some excellent advice on money matters and how to get more from what you have I advise you to take a look at moneysavingexpert.com. there are some excellent ideas on this site, it has really helped us out, and gives some really cheeky and brilliant ideas. Good Luck
2006-08-11 04:43:10 · answer #2 · answered by chockybikky 3 · 0⤊ 0⤋
Go to a bank , they have better types of accounts to suit individual needs and have more competitve interest rates.
2006-08-11 07:03:42 · answer #3 · answered by TB 5 · 0⤊ 0⤋
look at www.moneysupermarket.co.uk for up to date rates on savings accounts for all uk financial institutions. the type you choose will depend on how and when you want access to your money e.g internet, fixed term bonds etc. good luck
2006-08-11 11:05:31 · answer #4 · answered by binksiesbaby 2 · 0⤊ 0⤋