Tesco current account interest rate cut


#1

So Tesco Bank are cutting the interest rate on their current account from 3% to 1%. This will see a shift in customers to other banks. Monzo have an aopportunity here provided they can offer an easy access savings account with 1% plus interest and no minimum balance.


(👨‍💻) #2

Account closed on the 14/06/2019 then…


#3

Me too!


(👨‍💻) #4

I had a feeling this account interest would be lowered this year. I’ve had it for a few years and it’s done well.

I think my money will go into my Marcus account.


(Jack) #5

I beilive Tesco only guaranteed the 3% until April 2019 so they’ve given us a bit more than expected.

How far in advance can you schedule a CASS :grin:?