A simples guide

Tesco ISA

Tesco has changed the banking landscape by bringing financial services so close to the fruit and veg aisle and it now has a portfolio of current accounts, mortgages and ISAs.

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What ISAs are available at Tesco?

One of Britain’s biggest retailers offers a range of ISAs that you have come to expect from the high street banks.

The Instant Access Cash ISA gives you constant access to your money, so you can make payments whenever you want and withdraw money without incurring penalties. You can also replace money that you withdraw without it affecting your allowance. If you link it to a Tesco current account, then you can control all your accounts from a mobile app too.

The Tesco 1 Year Fixed Rate Cash ISA pays a better rate of interest than the Instant Access cash ISA which is guaranteed for a year, but there are restrictions to take into account. If you don’t need access to your money, then you could lock it away for a set period and enjoy the higher tax free interest that this ISA pays.

Tesco also offers a Junior Cash ISA so you could get your children started on life with a healthy lump sum. It’s a tax free way to give your children a helping hand to get on the property ladder, or to help with their further education. You can invest up to £4,080 tax free in a year starting at just £1.

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 a solid reputation with its current accounts, mortgages and ISAs.

You get the full range of flexibility, from instant access cash ISAs through to fixed-term deals and the interest rates are competitive.

 Just make sure you’ve compared the market using our comparison service and seen what other ISA providers can offer. Get comparing and see how much you could save!

All Tesco ISA account details are based on information provided on www.tescobank.com and are correct as of 9 November 2016.

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