Tesco Savings Account Review

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0.8 stars
Average rating for this product is: 0.8 out of 5

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Guest's Review of Tesco Savings Account

29th Jul 2009

Overall Rating

1 stars
  • Value for money
    1 stars
  • Type Of Account
    Easy Access

I opened this account when interest rates were 2.5% (including first year bonus). By the time the account was opened I received a letter saying the rate had reduced to 2.25%.
Other institutions are increasing their rates - and in fact have moved savings to Coventry Building Society at 3.3%.

I still had a feeling of goodwill towards Tesco, and wrote to the Managing Director, explaining this - and pointing out the direction interest rates on savings are moving.
I received a phone call from someone in the call centre - NOT IMPRESSED.

Tesco are moving into current accounts later this year. They will have to do better than this!

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