The high interest current account from 2017 terms

  • superkey's Avatar
    Hi there, I did the mass subscribe to the generous 3% current account offered in 2017. I was successful at accessing 2 accounts, but now that the interest rate has been reduced I am using the accounts less. I'm wondering if the account where it needed to be active with direct debits x 2 and £750 income each month still requires these actions to meet the terms?
  • 1 Reply

  • Verified Answer

    Tesco-Bank's Avatar
    Your Community Expert
    Verified Answer
    If you were to open a new account, you would earn 1% AER credit interest on balances up to £3,000 and would have to pay in at least £750 and pay at least three Direct Debits each statement month. Please note, you can only have a maximum of two current accounts, so one of your existing accounts would need to be closed if you wanted to open a new one. I hope this helps.

    *Mod Edit - please be aware we are no longer accepting new Current Account applications. Apologies for any inconvenience.
    Last edited by ChristopherP; 06-01-21 at 12:50. Reason: product update