Tesco Bank.

Tesco Personal Finance was launched as a joint venture with Royal Bank of Scotland in 1997. In 2008 Tesco's announced they would be buying the 50% share of the company they did not own from Royal Bank of Scotland for £950 million. The financial times reported in March 2009 that Tesco Personal Finance would be opening 30 Tesco Banks inside its branches by the end of the year with Blackpool, Brislington and Coventry being opened in April 2009. Tesco Personal Finance (TPF) is covered under the UK's financial services compensation scheme. In the Tesco annual report for the year ended 2008 it was reported that there had been a 20% increase in online sales at Tesco Personal Finance.

Tesco Bank Product Range.

Tesco's Personal Finance offers a wide range of products that is continuing to grow. For savers the offerings include an instant access savings account and Child Trust Fund. Insurance products include car insurance, home insurance, pet insurance, travel insurance, life insurance, health insurance, dental insurance, breakdown cover and car warranty plan. Tesco Personal Finance also offers loans, credit cards and travel money. Tesco compare is the insurance comparison site of tesco personal finance. Tesco Home Insurance Our no-frills policy which includes the basic home insurance essentials to cover against major events such as fire, storm, flood and theft.

Tesco Internet Saver

Takes less than 10 minutes to apply for the Tesco Internet Savings Accounts online Competitive rate of interest - 2.80% Gross/AER (includes 1.55% bonus interest on balances up to £1,000,000 for 12 months). Instant access to your funds Minimum opening balance of just £1 Online Banking - Once you have registered for Online Banking you will be able to check your account balance 24 hours a day 7 days a week online - anywhere you have access to the internet.