Fixed Rate from Tesco Bank
Protection
FSCS
Up to £120,000
Min balance
£2,000
Max balance
£5,000,000
Access
No access until maturity
Interest paid
Annually/
Monthly
Please verify all details with the provider – for more info read our Disclaimer
Want to know how much interest you will receive with Tesco Bank's 15 Month Fixed Rate Saver?
Estimated interest
£5,000 saved
£305
At 4.85% AER
£10,000 saved
£610
At 4.85% AER
£50,000 saved
£3,049
At 4.85% AER
£5,000,000 saved
£304,941
At 4.85% AER
Estimated over the 15-month term, assuming the rate stays the same and interest stays in the account. Amounts outside this account's minimum or maximum balance are left out.
This account suits someone who can lock away at least £2,000 for fifteen months and wants a straightforward fixed rate of 4.85% without any bonus gimmicks. Interest is paid monthly or annually into a linked external account rather than compounded, so what you see is what you get. The real catch is that there is no access until maturity, and if you do need to get out early the account closes entirely, so be confident you will not need the money. If you want to squeeze a little more out of a similar term, thisbank's 15-Month Fixed Term Deposit is currently showing 4.93%.
Similar accounts from the same category, closest on rate.
DepositScout Alerts
2 minutes ago
A top provider just cut their rate. Here's what you need to know about the latest market shift.
Join 1,000+ savers using DepositScout who get instant email alerts when top UK savings rates change. Never miss out on a better deal again.
