No notice period. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the FSCS
Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the FSCS
Save from £1. Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older
Choose monthly or annual interest payments. Unlimited deposits and withdrawals. 24/7 access to your savings. Open and manage online. After 12 months the rate will revert to the underlying rate, currently 1.45% gross/AER variable. Post Office Online Saver is provided by Bank of Ireland UK. FSCS protected
Unlimited withdrawals subject to 95 days notice. No notice period. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the FSCS
The interest rate tracks the Bank of England (BoE) Base Rate. Interest is calculated on the minimum daily balance and applied to the account on the first day of every subsequent month. Open and manage account online. Your eligible deposits are protected up to £85,000 by the FSCS. The maximum deposit you may pay into any one OakNorth Account is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with OakNorth Bank across multiple accounts is also £500,000. Unlimited withdrawals, subject to 95 days notice. Available to individuals only
Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must have a linked UK current account
All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Unlimited withdrawals subject to 14 days notice. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the FSCS
3 penalty-free withdrawals in a 12 month period. 4.72% AER/4.62% gross (3.82% AER/3.75% gross + 0.90% AER/0.87% gross 12-month boost). Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. 3.62% AER/3.55% gross if 4 or more withdrawals are made within 12 months (on boosted rate). 2.72% AER/ 2.68% gross if 4 or more withdrawals are made within 12 months (without 12 month boost). Must be UK resident. Must be aged 18 or older
Tesco offer some great rewards with their current account, particularly if you regularly shop in their stores. This is because your debit card also serves as your Tesco Clubcard and you earn 5 points for every £4 spent in Tesco and 1 point for every £8 everywhere else. You can also collect Clubcard points on fuel.
Another bonus of the current account is that they do not charge monthly fees for the account or for arranging an overdraft. This is a big saver on a lot of other current accounts especially as Tesco also pays 3% interest on amounts up to £3000.
Tesco offer, as standard:
An easy way to manage your money anywhere with a mobile app and online banking
Customer service with a UK based team who are available to talk 24/7
An opportunity to earn credit interest with no monthly fee
Free text and email alerts to avoid any fees and charges
Overdraft control to avoid slipping in to an unarranged overdraft
The app also includes a payment calendar so you can easily keep track of payments going in and out
A contactless card for quick purchases up to £30
Joint account facilities available as well as multiple current accounts in your name
An opportunity to deposit and withdraw money at over 300 Tesco stores in the UK
Make payments internationally and use your card abroad exactly like at home
Replacement of lost or damaged debit cards. The first two in a year are free and £10 thereafter.
They were also the 2015 winner of the Moneynet award for the ‘Best All Round Current Account’.
Your Clubcard voucher rewards:
After earning your points, every 3 months, your Clubcard points will be turned into vouchers. You will then be able to spend the vouchers at tesco.com, in store or on Tesco Fuel. You can also increase the value of the vouchers by boosting them with one of their Boost partners, UK retailers with whom Tesco have a partnership.
Useful to Know
Arranged overdrafts are charged interest at 18.90% EAR. You’ll be able to borrow up to an approved limit without any additional fees, you’ll just pay daily interest on the amount you’ve used. If you fall in to an unarranged overdraft then you are charged fees and interest on the extra amount. Their Overdraft Control setting on your account, which allows you to decide whether a payment is made when you don't have enough money in your account to cover it, should help you avoid charges.
Overall this is a great account where you can earn some great rewards with the Clubcard scheme providing you take advantage of shopping in their stores. It’s also one of the few basic current accounts that do pay interest. The interest rate is high at 3.00% AER/2.96% Gross (variable) for balances up to £3,000. The interest is paid monthly.
