Having last week confirmed that they will guarantee the rate of 3% AER for the next 24 months, Tesco has now withdrawn its current account from sale.
Tesco has suggested that it hopes to re-issue the account shortly, but we’ll have to wait and see whether the terms will be the same.
Whilst it’s a shame to see a straightforward account withdrawn, there are still others that can be considered.
Nationwide’s FlexDirect Current Account offers a variable rate of 5% AER on balances of up to £2,500 although this rate includes a bonus of 4% for the first 12 months. Have a look at our High Interest Paying Current Account best buy tables for more options.
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