Tesco Accounts

Advantages: Can pay for your shopping out of account, can pay money into account at cash register, I\'m struggling...
Disadvantages: Uncompetitive interest rate, awful on-line facilities, simply not as good as its competitors

...accounts is taking over, and Tesco will need to improve its once heralded financial service, if it is to effectively compete. I joined Tesco Personal Finance within weeks of its creation, just a few years ago. At the time, as reflected by the other, now out-dated opinions, it was the best savings account on offer. Its interest rates were way above anything its rivals could offer, and it seemed such a straightforward new way of banking. But, as I ...
...Firstly, and most importantly, Tesco have for so long prided themselves on their high, \"unbeatable\" rates of interest. Contrary to what they would have you believe, this is no longer the case. My most recent correspondence with Tesco revealed that they were reducing their rate of interest to just 4.1%. It didn\'t take much research on my part to discover that this was far less than I could get elsewhere. Indeed, I found at least eleven other companies ... Read review

Advantages: Allows budgeting for shopping, double clubcard points, freephone automated balance check, free overdraft equal to the monthly direct debit going into the account, competitve interest rate on credit balances
Disadvantages: In store staff lack awareness about product, ard purchases can only be made at tesco

...when it's Tescos! Currently Tesco Personal Finance offer a range of 'white labelled' products such as loans, savings, investment ISAs and even mortgages! So why should you look to Tesco rather than the usual high street outlets for these products? Well, I can only think of one thing - Clubcard points! The Tesco Clubcard Plus account is the closest thing they offer to a 'proper' bank account. With it you'll get a cash card, an overdraft equal to ...
...can only be made at Tesco stores or on the Tesco.com website. Purchases made with your card receive two Clubcard points per £1 spent that will add up if you do all your shopping using the card. Cash withdrawals can be made through any LINK cash machine or at the till in store. Deposits can be made using a paying in book at your own bank (supplied), by sending a cheque, through direct debit or in store at the Customer Service desk. I do not feel ... Read review

Advantages: High interest rates and good service
Disadvantages: Nowt

The Tesco and Royal Bank of Scotland seems excellent and I haven't got a bad word to say about the service. Their technical support and manner of service are excellent and the Internet Banking support is also very easy to use. The interest rates in relation to other equivalent accounts are also very good, see the website at www.tesco.co.uk/finance for more details. I wouldn't call myself a banking expert and therefore cannot, and will not go on all ... Read review

Advantages: 24 hrs access / good interest rate
Disadvantages: None

...cannot go wrong with a Tesco Savings Account. The Interest rate at this moment is 5.25%. This is very good and well above average for instant access savings accounts. Money can be paid in and withdrawn at any Royal Bank of Scotland branch or at any Tesco store and that in most cases means 24hours a day. Both my wife and myself have instant savings accounts with Tesco and find the service very good. The only drawback is that you cannot have you ... Read review

Advantages: High interest rate, no cashpoint charges
Disadvantages: No highstreet branches

...I went to my nearest tesco and opened an account. The savings account is quite similar to many other savings accounts, the only inconvenience being that you obviously can't just go and paymoney into the bank in the high street. I also don't find it particularly appealing paying money in at the supermarket, so I tend to just send them cheques from my current account. However, on the positive side, the telephone banking service is incredibly efficient, ...
...in by cheque through a freepost address, and they send me a statement whenever I want one. The main advantage though is the cash-card. I can use this in any link cashpoint without being charged, which saves me a fortune as there are loads of cashpoints which charge me to use my halifax current account card. This combined with the high interest rate (4.5% I think) makes the account a winner by my standards. However, it is obviously a matter of personal ... Read review