Online banking

Online banking

cancel
Showing results for 
Search instead for 
Did you mean: 

Current Accounts

What does our Tesco Bank Current Account guarantee mean for you?

Our Tesco Bank Current Account guarantee could make your everyday banking just that little bit more rewarding.

  

If you opened your account after 1 April 2017:
We guarantee 3% AER credit interest on balances up to £3,000 until 1 April 2019. In order to benefit from this, you must pay in at least £750 and have at least three direct debits paid from your account per statement month (excluding direct debits to a Tesco Bank savings account).

 

We also guarantee until 1 April 2019 you will collect 1 point per £1 spent in each debit card purchase transaction (£1 minimum) within Tesco in addition to your standard Clubcard points and collect 1 point per £8 spent in each debit card purchase transaction (£8 minimum) outside Tesco.

 

See our full terms and conditions of this offer.

 

If you opened your account before 1 April 2017:
Until 1 April 2019 we guarantee to pay you 3%AER credit interest on balances up to £3,000 .

 

We also guarantee until 1 April 2019 you will collect 1 point per £1 spent in each debit card purchase transaction (£1 minimum) within Tesco in addition to your standard Clubcard points and collect 1 point per £8 spent in each debit card purchase transaction (£8 minimum) outside Tesco.

 

Guarantee Terms & Conditions

 

Until 1 April 2019 we guarantee you will collect 1 point per £1 spent in each debit card purchase transaction (£1 minimum) within Tesco in addition to your standard Clubcard points and collect 1 point per £8 spent in each debit card purchase transaction (£8 minimum) outside Tesco.

Exclusions apply. Clubcard collection rates are subject to change. There are some products at Tesco you can’t collect points on, see the Tesco Clubcard website for exclusions. The Tesco Clubcard Scheme is administered by Tesco Stores Limited, Tesco House, Shire Park, Kestrel Way, Welwyn Garden City AL7 1GA, who are responsible for fulfilling points.

 

3% AER/2.96% Gross variable credit interest on balances up to £3,000 guaranteed from 1 April 2017 to 1 April 2019. Interest paid monthly. Although this rate is variable it will not drop below 3%AER during the dates shown. Annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and compounded each year. Gross is the interest rate paid before tax is deducted.

 

This product is subject to availability and may be withdrawn to new customers at any time.

Version History
Revision #
15 of 15
Last update:
‎10-10-2017 08:00 AM
Updated by:
 
Comments
desflynn

Is the 3% payable on £6000 for a joint account?

Hi @desflynn, it is 3% on £3000 regardless if it is a single or joint account

Scotsman41

How do I get my name down for the new 3% current account when it becomes  available again?  At the moment I just have a Tesco Credit Card.  As you can guess I am new to the Community.

Hi @Scotsman41, we've currently paused offering current accounts for new customers due to the exceptional demand we have experienced. We will let you know when accounts are available again through our website, social media and Community

firelily20

Hi, I am thinking about applying for the new current account as a joint account. Do I need the details of the 3x direct debits when I open the account or can I add them after? And if so how soon after do I need to add them to be eligible?