Tesco Bank: Interest rate lowers to zero percent in shock move

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    “Given this significant change, we’ve reviewed our personal current account interest rate of one percent, and made the decision to reduce this to zero percent.”

    Tesco Bank has said its goal is to help Tesco shoppers manage their money “a little better everyday”.

    The bank has more than five million customers, and was established in 1997.

    Savings accounts across the country have been hit by the financial impact of the COVID-19 crisis.



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