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Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Tesco current account returns to the market

Author: Anna Bowes
05th April 2017

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Savings Champion Rate Alert

Wednesday 5th April 2017
Tesco Bank has come storming back into our best buy table with its Current Account, paying 2.96% gross/3.00% AER on balances up to £3,000.

As with many high interest current accounts, there are criteria that must be met in order to receive this rate. An alluring attribute of this account however, is a rate guaranteed until the 1st of April 2019.

Currently paying a higher rate is Nationwide Building Society, with 4.89% gross/5.00% AER on its FlexDirect Current Account, although this is only on balances up to £2,500 and will reduce significantly after the first 12 months.

Finally for those who meet the terms and conditions, TSB Bank are offering up to £10 cashback each month, as well paying 2.96% gross/3.00% AER on its Classic Plus Account.

For further information on these accounts and other options available, please see our Best Buy Tables.

As always, if you would like any help with your savings or would like to discuss further options, please call us on 0800 321 3581, we’d love to hear from you.

Best Savings Deals Summary

If you have any queries regarding our Best Buy Tables, an account featured or the suitability of the account for your needs, please call us on 0800 321 3581.

Best Buy Table Best Account(s) Best Rate (AER)

High Interest Paying Current Account *

Nationwide Building Society

5.00%

Easy Access

 Yorkshire Building Society

1.15%

Fixed Rate Bonds

Ikano Bank (5 years)

2.35%

Variable Rate ISAs

 Coventry Building Society

1.05%

Fixed Rate Cash ISAs

Principality Building Society (5 years)

1.95%

Notice Accounts

 Paragon Bank (120 days)

1.30%

Monthly Income

Ikano Bank (5 years)

2.33% gross

Regular Savings

Nationwide Building Society / First Direct / M&S Bank / Santander

5.00%

Children's Accounts

Saffron Building Society / Halifax 
(Regular Savers)

4.00%

Junior ISAs

Coventry Building Society

3.25%

Help to Buy ISAs

Barclays

2.27%

Our Best Buy Tables are based on whole of market research, independent and have no commercial bias, ensuring that you can rely on them to make an informed decision. Alternatively, please call us on 0800 321 3581 to discuss your savings with one of our expert advisers.

*High interest current accounts often have a number of conditions attached to qualify for the headline rate. Please ensure you carefully read the terms and conditions before proceeding. Many of these current accounts do not require customers to switch their main account.

^Deposits held with RCI Bank are covered up to the value of €100,000 by the FGDR, which is the French equivalent of the UK Financial Services Compensation Scheme (FSCS). For more information on this, please call one of our advisers on 0800 321 3581.