Before you apply
- No withdrawals until the end of the term.
- The term is 5 years.
What you'd earn in a year
If you save
- Interest at 4.85% AER
- £243.00
- About
- £243.00
Before tax: about £243 each year on £5,000 for 5 years. Information only, not a recommendation.
Is my money safe?
FSCS protected: up to £120,000 per person, per banking licence.
This account is on the Barclays Bank UK PLC licence.
Legal name: Barclays Bank UK PLC.
Check protection on the FSCS website ↗ (opens in a new tab)Key facts
Money in and out
- Withdrawals
- No withdrawals until the end of the term
- Manage
- Online
Interest
- Rate
- 4.85% AER fixed
- Gross rate
- 4.85%
- Interest paid
- Monthly or annually
- Where it goes
- Interest is paid out to another account.
- Term
- 60 months
Source: tescobank.com · Last verified 17 Oct 2026, 12:52 UK time
Rate history
We started tracking this account on 14 Oct 2026. Further changes will show here.
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