Why go with Tesco for an ISA?
You might think it makes more sense to go with a high street bank for complex financial products, but Tesco has fast established a solid reputation with its current accounts, mortgages and ISAs. It provides all the same benefits together with Tesco’s renowned customer service and the convenience of banking where you shop.
You get the full range of flexibility, from instant access cash ISAs through to fixed-term deals and the interest rates are competitive.
A better question is, perhaps: “Why not go with Tesco for an ISA?”
An ISA is, by definition, a stable and long-term product that you should not need to check on or be involved with on a daily basis. With that in mind, as long as you are happy with the terms and conditions then it simply should not matter where the account is based. If you trust the company, the percentage is right and you’re content with the deal, then Tesco is as good as anywhere else.
Tesco is a registered member of the Financial Services Compensation Scheme, so if Tesco Bank somehow goes to the wall then your savings of up to £75,000 are protected and effectively insured. So if you like the terms, you’re happy with the brand and you want to entrust your money to Tesco, then go ahead. Just make sure you’ve compared the market using our comparison service and seen what the competition can offer. Get comparing and see how much you could save!