Tesco Bank has launched a new Current Account paying 2.96% gross/3% AER on balances up to £3,000. There is a monthly fee of £5, which is payable if you do not fund the account with £750 each month.
Whilst it is a great rate compared to many traditional savings accounts, there are better paying alternatives on our High Interest Current Accounts best buy table, for example:
Nationwide FlexDirect 4.89% gross/5% AER, the top rate at the moment.
Santander 123 Account 2.96% gross/3% AER, good for larger balances (up to £20,000).
@savingschampion
Find us on Facebook