Tesco Bank launches 1.74pc 2-year fix

Robyn Hall

May 30, 2013

The 3-year fixed rate is available at 2.29% and the 5-year fix is offered at 2.49% all with a booking fee of £195 and one club card point for every £4 repaid monthly.

David McCreadie, managing director of Banking, said: “We aim to provide customers with a combination of strong rates, competitive fees and the “thank you” of Clubcard points that puts us in a unique position to meet the needs of Tesco customers.”

Tracker rates have been reduced to base rate plus 1.45%, 1.75% and 2.25% at 70%, 75% and 80% LTV respectively with a product fee of £800 and the choice of a £195 fee with higher rates.

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