What are the benefits of a Tesco current account?
Tesco has focussed on value for money and customer loyalty, giving customers Clubcard points every time they spend on their card and 10 times as many for every pound spent shopping at Tesco. It’s a simple strategy that should help people feel a tangible benefit when it comes to their weekly shopping.
If you have a large family and food-shopping is a major part of your household budget, then you should do the maths carefully as the Tesco current account could save you money in the long run.
This new Tesco bank account doesn’t charge arrangement fees for overdrafts, either, and has competitive interest rates. Tesco has pledged complete transparency with its charges and there are no monthly fees.
It is no surprise that a supermarket that prides itself on making things easy for you has made your account simple to control. You can manage it from your smartphone with an app and customer service is available round the clock to help you with any issues.
It is the winner of the 2015 Moneynet Best All Round Current Account Award, it offers a card that can handle contactless payment for £30 or less, you can make deposits in 300 Tesco stores around the country and you can have two accounts if you want to separate your daily spend from your savings.
It’s fully covered by the FSCS guarantee, too, which means your savings up to £75,000 are protected.