Tag: Tesco Bank

Tesco launches sub-2% mortgage rate

Tesco launches sub-2% mortgage rate

Tesco Bank has launched a record-low mortgage deal, but only for those who can afford a deposit of at least 40 per cent of the value of the property, as well as a £995 fee. The two-year deal offers a rate of just 1.99 per cent and is fixed until the end of 2014. Tesco […]

October 24, 2012 More
Tesco to offer club card points on mortgages

Tesco to offer club card points on mortgages

Retailer Tesco is launching mortgage products through Tesco Bank, allowing Tesco Clubcard holders to earn points on repayments. It is offering mainly fixed-rate deals, with interest rates ranging from 3.19 per cent to 5.09 per cent and a minimum deposit of 20 per cent. With many fixed-rate deals currently offering interest rates of below 3 […]

August 6, 2012 More
Couples remain financially single

Couples remain financially single

Nearly a third of couples remain financially single despite living together, new research has found. A study by Tesco Bank found 29% of couples in the UK are unwilling to pool their earnings into a joint account. The research also found that it takes an average of two years before couples are happy to share […]

May 5, 2010 More
Tesco takes next step in banking as it selects Fiserv

Tesco takes next step in banking as it selects Fiserv

Supermarket giant Tesco has taken the next step in its quest to become a bank by signing up Fiserv. US-based Fiserv provides information management and electronic commerce systems to the financial services industry. Tesco said Fiserv will assist it in becoming a full-service bank by providing account information and banking transactions for Tesco Bank customers. […]

November 20, 2009 More
Tesco Bank creates 1,000 new jobs, while Best Buy announces 8,000 new jobs

Tesco Bank creates 1,000 new jobs, while Best Buy announces 8,000 new jobs

Tesco Bank has announced today it is to create 1,000 new jobs in Newcastle next year. The news follows Tesco Bank’s insurance partnership with Fortis UK, with the joint venture forming a new motor and household insurance company. The move is part of the supermarket giant’s plan to step up its presence in the banking […]

October 28, 2009 More
Tesco Bank to gain market share

Tesco Bank to gain market share

Supermarket finance is set to make significant gains in market share over the coming months, lovemoney.com said this week. The financial advice site made the claim after Tesco Personal Finance re-branded as Tesco Bank. Ed Bowsher, lovemoney.com’s head of personal finance, said the renaming signals the beginning of a marketing offensive by Tesco on financial […]

October 17, 2009 More
Tesco announces record £3bn annual profit

Tesco announces record £3bn annual profit

Supermarket giant Tesco has announced a pre-tax profit of £3.13 billion – the highest ever full-year earnings reported by a UK retailer. The UK‘s largest supermarket, with a 30% share of the market, said the current year had started “solid” with like-for-like sales (stripping out petrol) in the past six weeks rose by 3.4%. The […]