This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

This comparison simply includes all savings accounts.

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 1.42%

Why we like it: No notice period. Deposit from £100. 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 Financial Services Compensation Scheme (FSCS)

Aldermore
Easy Access Account Aldermore
Min deposit £1000
Term Easy Access
Interest AER 1.25%

Why we like it: Earn 1.00% gross/AER on balances from £1,000 to £1 million. Unlimited withdrawals without restriction or loss of interest.

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 1 Year
Interest AER 1.90%

Why we like it: MARKET LEADING 1 YEAR FIXED RATE BOND. Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 2 Years
Interest AER 2.20%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 3 Years
Interest AER 2.36%

Why we like it: Save from £1,000 to £1,000,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

Kuflink
Innovative Finance ISA (IFISA) Kuflink
Min deposit £100
Term 5 Years
Annual Interest Target rate 7.00%

Why we like it: Why we like it: Up to £250 cashback for new investors.1, 3 or 5 year fixed term. Invest from £100 up to £20,000 this tax year (2018/19) and/or transfer in from an existing Cash ISA, Stocks & Shares ISA or IFISA. Secured by UK property. No platform or investment fees. Interest paid annually. Returns are not guaranteed and your actual returns may vary. Capital is at risk

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

Kuflink
Innovative Finance ISA (IFISA) Kuflink
Min deposit £100
Term 3 Years
Annual Interest Target rate 6.10%

Why we like it: Why we like it: Up to £250 cashback for new investors.1, 3 or 5 year fixed term. Invest from £100 up to £20,000 this tax year (2018/19) and/or transfer in from an existing Cash ISA, Stocks & Shares ISA or IFISA. Secured by UK property. No platform or investment fees. Interest paid annually. Returns are not guaranteed and your actual returns may vary. Capital is at risk

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

Kuflink
Innovative Finance ISA (IFISA) Kuflink
Min deposit £100
Term 1 Year
Annual Interest Target rate 5.00%

Why we like it: Why we like it: Up to £250 cashback for new investors.1, 3 or 5 year fixed term. Invest from £100 up to £20,000 this tax year (2018/19) and/or transfer in from an existing Cash ISA, Stocks & Shares ISA or IFISA. Secured by UK property. No platform or investment fees. Interest paid annually. Returns are not guaranteed and your actual returns may vary. Capital is at risk

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

easyMoney
Classic Innovative Finance ISA (IFISA) easyMoney
Min deposit £10000
Term No Fixed Term
Annual Interest Target rate 7.28%

Why we like it: Invest up to £20,000 this tax year (2018/19) and/or transfer in from an existing Cash ISA, Stocks & Shares ISA or IFISA. When you join the easyMoney family you will automatically become an easyMoney plus card member, offering savings up to 55% at over 100 of Britain’s biggest retailers and more! e-Money Capital Ltd trading as easyMoney is authorised and regulated by the FCA (FRN 231680). As with all investing, your capital is at risk when you lend to businesses and returns are not guaranteed. No FSCS. For more details please refer to our full risk statement.

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

Nationwide
FlexDirect Current Account Nationwide
Open With £1000
Account Type Current Account
Interest AER 5.00%

Why we like it: 5.00% interest for 12 months on balances up to £2,500 for the first year. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 12 month fee-free arranged overdraft available. No monthly fee. Must be aged 18 or older.

Santander
123 Current Account Santander
Open With £500
Account Type Current Account
Interest AER 1.50%

Why we like it: Earn 1.50% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% CASHBACK on various household bills. Monthly fee of £5. Must pay in £500 pm.

Compare Tesco savings accounts

Tesco Bank is a wholly owned subsidiary of Tesco plc. Savers with Tesco Bank can choose from several different types of accounts, each of which are a good match for different types of saving. To find the best fit for your finances and saving goals take a look at the main styles of savings accounts Tesco offers below.

 Current Accounts

If your main goal is to get the best interest rate possible, you should look at keeping at least some of your savings in a current account. These usually offer some of the best returns, but only on smaller amounts. 

If your savings exceed the interest ceiling on your current account, you will likely need to spread your money across a few different types of accounts to get the best overall return.

Instant Access Savings Accounts

Savers who valuable flexibility will probably do best with an instant access account. This lets you add and remove money at your convenience, although you may only be allowed so many withdrawals per year.

Some instant access accounts offer a cash card for use at ATMs while most will allow you to make transfers online and by phone.

Fixed Rate Bonds

If you have a sizeable sum that you do not need to use in the immediate future, a fixed rate bond can offer the best return. They work by giving you a fixed, usually very favourable, rate of interest for a set period, during which you cannot access your money.

Fixed rate bonds generally last for around 1-5 years and the longer the term of the bond, the higher the interest rate you are likely to get.

Cash ISAs

ISAs are designed to allow UK taxpayers to earn interest on their savings without paying tax on that interest. There is a yearly limit on how much you can place in an ISA, which for 2017/18 is £20,000.

ISAs are normally one of two sorts – instant access and fixed term. Instant access cash ISAs give variable interest rates and you can get at your money whenever you need to. Fixed term cash ISAs offer guaranteed interest rates for a set period during which you cannot add or withdraw money from your account.

Although you won’t pay tax on the money you earn on an ISA, the interest rates they offer tend to be lower than for some other kinds of savings accounts. This means you need to carefully calculate what you will save in tax and compare this to the interest you are likely to lose out on by not going for an account with a higher rate.

Find the best Tesco savings account for you

Whether you choose to invest your savings with Tesco Bank or would prefer to explore other providers, our savings account comparison tool allows you to find the best deal for you. Head to the top of the page to see all the top offers from across the market.

Latest news

Pensioner Bond Maturity - 5 Ideas For Your Cash

From January 2018 over 900,000 people who invested in pensioner bonds will start to see their bonds mature. Savers who have been enjoying 4% pa are going to get a shock when they look for comparable returns from cash in the current market. We have put together 5 ideas for your cash in 2018

Newsletter signup

Sign up to our Newsletter to get exclusive news and offers direct to your inbox.

Let's get social now! Twitter Facebook

About us

Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

We've been comparing savings and current accounts for many years so you can trust you're in good hands.