Tesco Fixed Rate Bonds

Compare Tesco Savings With The Market

ProviderAccountInterest RateTermApply

2.07%

per annum

£1,000More Info >
Earn 2.07% gross/AER fixed for 60 months. £1,000 minimum deposit. Interest paid on maturity. No withdrawals permitted. FSCS Protected

1.93%

per annum

£1,000More Info >
Earn 1.93% gross/AER fixed for 48 months. £1,000 minimum deposit. Interest paid on maturity. No withdrawals permitted. FSCS Protected

1.91%

per annum

£1,000More Info >
Earn 1.91% gross/AER fixed for 36 months. £1,000 minimum deposit. Interest paid on maturity. No withdrawals permitted. FSCS Protected

1.76%

per annum

£1,000More Info >
Earn 1.76% gross/AER fixed for 30 months. £1,000 minimum deposit. Interest paid on maturity. No withdrawals permitted. FSCS Protected

1.71%

per annum

£1,000More Info >
Earn 1.71% fixed interest. 24 month term. Minimum deposit £1,000. Interest paid on maturity. No withdrawals permitted. FSCS Protected
1.50%Current Account
Instant Access
More Info >
Monthly Interest of 1.50% AER (variable) payable on your entire balance up to £20,000 (3.0% AER until 1st November 2016). Monthly Cashback on selected household bills. Must pay in £500 into the account each month.

1.43%

per annum

£1,000More Info >
Earn 1.43% gross/AER fixed for 15 months. £1,000 minimum deposit. Interest paid on maturity. No withdrawals permitted. FSCS Protected

1.42%

per annum

£1,000More Info >
Earn 1.42 gross/AER fixed for 12 months. £1,000 minimum deposit. Interest paid on maturity. No withdrawals permitted. FSCS Protected

1.25%

per annum

3 YearMore Info >
1.25% gross/AER fixed for 3 years. £1,000 minimum opening balance. Withdraw cash early if you need to (subject to loss of interest).

1.20%

per annum

2 YearMore Info >
1.20% gross/AER fixed for 2 years. £1,000 minimum opening balance. Withdraw cash early if you need to (subject to loss of interest).
1.10%Instant AccessMore Info >
MARKET LEADING: Earn 1.10% gross/AER Instant Access. No notice periods. Unlimited payments and withdrawals. Pay in from £100. RCI Bank are protected up to a total of €100,000 by the FGDR, the French deposit protection scheme. Manage account online.
1.13%1 YearMore Info >
1.13% gross/AER fixed for 1 year. £500 minimum opening balance. Withdraw cash early if you need to (subject to loss of interest).
0.96%Easy AccessMore Info >
Earn 0.96% tax free/AER variable. Open with £100. Unlimited free withdrawals. Transfer in ISAs held elsewhere - no limit
0.75%Current Account
Instant Access
More Info >
Innovative new banking service powered by Clydesdale and Yorkshire Banks. Get your current account and instant access savings account working together. Earn 0.75% AER on ALL instant access savings balances, and 0.25% AER on current account balances up to £2,000 (From 2nd May 2017, 0.50% AER variable on £1+ will apply). No monthly account fee
0.75%Easy AccessMore Info >
0.75% gross/AER on balances from £1,000 to £1 million. Guaranteed to be at least 0.50% above Base Rate** until 31st December 2017. Unlimited withdrawals without restriction or loss of interest.
Latest Current Account Deals
 AccountInterest (AER)Overdraft RateFunding Required*Fee pmFeaturesApply
3% AER**£25 interest and fee free overdraft plus £10 buffer£500 per monthFree3% AER variable in-credit interest on balances up to £1,500More Info >
1.50%*Fee free for 4 months then £1 per day£500 per month£5 pm*1.50% AER (variable) on your entire balance up to £20,000 (3.0% AER until 1st November 2016). Up to 3% cashback on household bills.More Info >
N/A0% for first £250No minimumFree if funding £1,000 or £10 below £1,000£100 for switching into account. £250 interest free overdraft. Free banking if paying over £1,000 per month. £100 if not satisfied after 6 monthsMore Info >
0.75.%*£6 per month with £25 buffer and 2 day grace period No minimumFreeInnovative new banking service. *Get 0.75% AER on ALL instant access balances and 0.25% AER on current account balances up to £2,000 (From 2nd May 2017, 0.50% AER variable on £1+ will apply)More Info >
N/A£1 per dayN/AN/AFour month fee-free overdraft when you switch your main current account using the Dedicated Switcher ServiceMore Info >
Latest ISA Deals
ProviderAccountISA TransfersProtection schemeFund choiceInvest From:More info
yes

FSCS

2,500+ funds

£10 per month

or £50 single

More Info >

Why we like it: The Standard Life Junior ISA from £10 pm. Tax efficient investing to help pay from anything from university fees to a first car.

Important information: Investment ISAs are tax-efficient wrappers for long term investments. Capital’s at risk. Charges may apply.  Tax rules may change in the future and whether particular tax rules benefit you, will depend on your individual circumstances. ISA transfer charges may apply, please check with your provider.
Peer to Peer Fixed Term ISA - Earn high tax free interest
ProviderAccountTarget ReturnTermMore Info

up to 8.70%

per annum

1 to 5 YearsMore Info >
  • Earn estimated 8.70% APR*
  • 1 - 5 year term
  • Available for ISA, ISA transfer & direct investment
  • Minimum investment £10
  • Manage your account online
  • Capital is at risk and returns may be higher or lower
  • Must be aged 18 or older
  • Peer to peer lending is not covered by the FSCS

6.00%

target rate p.a.

No Fixed TermMore Info >
  • Innovative Finance ISAs (IFISA) are the new way to invest tax-free. Just like Cash and Stocks & Shares ISAs, you can invest up to £15,240 each tax year, and you don’t need to pay any personal taxes on your earnings
  • Lending Crowd will automatically diversify your funds across at least 20 loans through their Loan Market, with no more than 5% of your funds invested in any one loan. All repayments will be automatically reinvested.
  • Target return - 6% a year
  • No income tax or capital gains tax to pay on your profits
  • No fixed term, hold for as long as you wish
  • Also accepts ISA transfers from previous year's ISA's 
  • Minimum investment £1,000, Maximum £20,000
  • The target rate is variable, net of ongoing management fees, estimated bad debt and before the 1% withdrawal fee
  • Capital is at risk
  • Must be aged 18 or older
  • Peer to peer lending is not covered by the FSCS

3.75%

annualised p.a.

Up to 5 YearsMore Info >
  • The Property‐Backed ISA is the latest in Landbay's peer‐to‐peer investments following the introduction of the Innovative Finance ISA from HM Treasury in 2016. A Landbay ISA investment is the same as a Classic investment with a tax‐free wrapper
  • Earn estimated 3.75% APR*
  • Up to 5 year term
  • Also accepts ISA transfers from previous year's ISA's 
  • Minimum investment £5000, Maximum £20,000
  • No ongoing fees or investment fees
  • Investments are automatically diversified across multiple buy-to-let mortgages
  • Sell your investment on the secondary market at any time, subject to Landbay's ability to reallocate your invested loan parts
  • Landbay's Reserve Fund exists in case a borrower misses a payment or defaults. To date they've had none
  • Capital is at risk and returns may be higher or lower
  • Must be aged 18 or older
  • Peer to peer lending is not covered by the FSCS

Peer-to-peer lending can offer potentially attractive returns. There is a risk you may lose some or all of your initial investment as it is not protected by the Financial Services Compensation Scheme, although many lenders offer their own compensation schemes.

*Returns may be higher or lower

Alternative Saving Ideas - Earn high interest on your savings
Provider

Account

Type

Minimum

Deposit

Interest

Rate
 
£10

1.85%

per annum

More Info >
  • Earn 1.85% per annum (paid at maturity)
  • 24 month term
  • Asset backed loans
  • Manage your account online
  • Must be aged 18 or older
  • Peer to peer lending is not covered by the FSCS
£10

1.75%

per annum

More Info >
  • Earn 1.75% paid on maturity.
  • 12 month term
  • Peer to peer lending account
  • Manage your account online
  • Must be aged 18 or older
  • Peer to peer lending is not covered by the FSCS

Peer to Peer Lending is not covered by the FSCS
Fixed Rate Bond Selection
ProviderAccountInterest RateTermApply

2.07%

per annum

£1,000More Info >
  • Earn 2.07% AER fixed for 60 months
  • Minimum opening balance of £1,000; maximum balance £100,000.
  • Interest paid on maturity
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be UK resident and aged 18 or older
  • Available as a sole account only
  • No withdrawals permitted.

1.93%

per annum

£1,000More Info >
  • Earn 1.93% AER fixed for 48 months
  • Minimum opening balance of £1,000; maximum balance £100,000.
  • Interest paid on maturity
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be UK resident and aged 18 or older
  • Available as a sole account only
  • No withdrawals permitted.

1.91%

per annum

£1,000More Info >
  • Earn 1.91% AER fixed for 36 months
  • Minimum opening balance of £1,000; maximum balance £100,000.
  • Interest paid on maturity
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be UK resident and aged 18 or older
  • Available as a sole account only
  • No withdrawals permitted.

Tesco fixed rate bonds, from Tesco Bank, can help your savings with a guaranteed rate of interest for the term of a fixed rate bond. Tesco fixed rate bonds can offer savers competitive rates on deposits for varying fixed time periods. However before you decide you can compare fixed rate bonds from a variety of different lenders using the tables below to help you decide which plan might be best for you.


Tesco fixed rate bonds key facts

  • A choice of 1, 2, 3, 4 or 5 year bond lengths
  • No early closures or withdrawals can be made
  • Minimum deposit of £2000
  • Maximum deposit of £5million

 

As a bond by its nature requires you to lock away your savings without access for a set period of time before you do so you should shop around to make sure you take out the most appropriate plan for your specific needs. 

 

In addition to trying to find the best fixed rate bond for your specific requirements you may want to consider other savings options to see if another better suits your needs.

 

Alternative savings plans include:

 

  • Tracker bonds – a slightly different kind of bond, instead of your interest rate staying the same over the bonds term it can may go up or down in response to any changes made to the Bank of England’s base rate of interest, which it tracks. This means you may get a better or worse interest rate. As your interest rate can vary it is not possible to predict how much you will receive in interest at the end of the bond’s term like you can with a fixed rate plan.

 

  • Structured Deposits – Structured deposits normally offer higher potential interest rates than bonds, but you are not guaranteed to receive any interest payment, there is a risk you will only get your original deposit back at the end of the term. Structured deposits are normally linked to at least one share index such as the FTSE 100. The terms and conditions of the plan will set out a criteria of how the index or indices the structured deposit is linked to must perform in order to receive an interest payment.

 

  • Savings Account – Instant access savings account tend to accrue lower rates of interest than other products like bonds or structured deposits, but they do normally permit unlimited penalty-free withdrawals. So savers can access their money at any time and do not need to wait until the term finishes.