Tesco Bank launches current account in Northern Ireland

Edinburgh-based Tesco Bank has announced the launch of its current account in Northern Ireland.

The Bank, which employs more than 2000 staff at its headquarters in the Scottish capital, said the account pays 3 per cent interest on credit balances up to £3,000 until 1st April 2019, has simple and transparent charges and rewards loyalty with Clubcard points on purchases made with the Tesco Bank Visa debit card.

To earn interest, each statement month customers must pay in at least £750 and have at least three direct debits paid from their account (excluding direct debits to a Tesco Bank savings account).

As well as offering great value and rewards*, the account combines the convenience, ease and great service that Tesco customers demand.

This announcement comes as Tesco Bank research exploring Northern Irish consumer attitudes towards their banks reveals that that increased interest rates as well as more rewards and benefits were features which would significantly improve feelings of satisfaction in over 70 per cent of people.

Benny Higgins, CEO, Tesco Bank, said: “I am delighted to announce the launch of our Current Account in Northern Ireland. This product is one of the most competitive in the market, offering customers great benefits in the form of credit interest and Clubcard points on spend in Tesco, while also providing simple and easy account servicing through our online banking, mobile app and UK-based 24 hour call centres. Bringing our current account to Northern Ireland is a key milestone in our commitment to providing genuinely helpful products and services for our customers across the UK.”