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Tesco Financial Products

Compare a range of financial products and services available from Tesco. Read our section reviews, find a product that's right for you and apply online.

Tesco Personal Finance is a commercial bank based in the United Kingdom available to customers over the telephone or online. The company is owned by Tesco, the UK's largest supermarket.

Tesco Personal Finance started of as a joint venture with the Royal Bank of Scotland. On 28 July 2008 Tesco announced that they were buying out the Royal Bank of Scotland's 50% stake in the company for £950 million.
Tesco offer a range of financial products which include Tesco credit cards, personal loans, mortgages, savings accounts and a broad variety of insurance. They market themselves by providing leaflets in Tesco stores and through the Tesco website. In the 52 weeks to 24 February 2007 The business made a profit of £130 million, of which Tesco's share was £66 million.

Tesco Credit Cards

Tesco Bank offer great credit cards that can be used for a range of needs. Not only do Tesco Bank offer a credit card that provides highly competitive 0% introductory bonuses on balance transfers and purchases as seen in many of todays regular credit cards, but it also offers a clubcard credit card offering the same great features, as well as benefiting from clubcard reward points.

The clubcard scheme allows you to earn points when making purchases in any Tesco store or Tesco online, you can use these to save money on your Tesco purchases.
Tesco Credit Cards Review >

Tesco Savings Accounts

Tesco Bank offer a range of savings accounts providing customers with competitive savings rates together with a great service.

With Tesco Internet Saver account you are rewarded with impressive rates allowing you to earn higher returns on your investment.

Tesco Bank fully support the Faster Payments scheme, allowing customers to deposit money in to their Tesco Savings Account quickly, or credit their nominated account without having to wait for long periods of time for the transaction to complete.
Tesco Savings Accounts Review >

Tesco Loans

Want a loan to help make some home improvements or replace your old car? A Tesco Loan could help you with that important purchase.

With loans available between £7,500 and £14,999 you can be sure that the amount that you are looking for is available at competitive rates. And with the option to take a repayment break available at the begining of your loan, it may be easier to pay off than you think.

With Tesco Loans there are no set-up or monthly payment charges and you can choose the day that you want to make your repayments.
Tesco Loans Review >

Tesco Car Insurance

Don’t pay more than you need to for car insurance. With Tesco Car Insurance you get quality cover packed with benefits at a great Tesco price.

  • Up to 10% online discount.
  • Up to 15% discount for Clubcard customers

Online and Clubcard discounts are applied consecutively in the order shown and are subject to a minimum premium. For each at least 10% of eligible customers will achieve the maximum discount. These discounts don’t apply to extra options that can be added.

BIG savings! Clubcard customers could save up to £425 online with Tesco car insurance (20% could achieve this saving). Source: Consumer Intelligence, October 2011.

Don’t worry if you don’t have a Clubcard – you could still save online.

Get in touch today and find out if Tesco Bank could help you save.

What's in it for me? The key benefits of a standard policy...

  • A small courtesy car to keep you on the road if your car needs repairing following a claim (Comprehensive cover only, exclusions apply)
  • Optional breakdown cover with 3 attractive UK cover levels
  • 24-hour accident helpline
  • UK cover extended to EU for up to 90 days
  • Replacement car seat if your child's seat is damaged in an accident. (Even when there is no visible damage)
  • The option to protect no claims discount of 4 years or more

Motor Legal Protection (Tesco Legal Guard) is now included in all Tesco Car Insurance policies. Tesco Legal Guard is underwritten by Ageas Insurance Limited (limitations apply).

Terms and conditions apply

Tesco Breakdown Cover is provided by RAC Motoring Services and/or RAC Insurance Limited.

Tesco Car Insurance Review >

Tesco Home Insurance

  • 24-hour emergency helpline
  • UK-based call centres
  • Home Repair network - all repairs are undertaken by approved builders and all costs are paid directly to them
  • A whole year's guarantee for work undertaken on your property by approved builders
  • Tesco Price Promise gives Clubcard customers their best possible price
  • Use Clubcard vouchers to pay for your premium
  • 1 to 5 Star defaqto-rated cover

Monetary levels, excesses and exclusions apply. For full details of cover and exclusions please read the policy documents.

Tesco Home Insurance is arranged and administered by Tesco Bank and is underwritten by Tesco Underwriting Limited

Tesco Home Insurance Review >

Tesco Pet Insurance

25% discount online for Clubcard customers. Available to new customers in year 1 who provide their Clubcard number and quote and then buy the policy. Clubcard customers who quote and buy over the phone will receive a 15% discount. Offer consists of introductory discounts (20% online, 10% phone), plus an additional Clubcard discount. New customers who don't have a Clubcard will still get the introductory 20% discount.

AND with Tesco Pet Insurance, If you insure more than one pet, you'll get an extra 10% discount on the additional premium for each additional pet you add to your policy. Discounts are applied consecutively. You'll also get the following benefits:

  • 24 hour access to vetfone phone helpline for pet help and advice.
  • Fixed excess payments - so you'll always know what you need to pay for a claim.
  • A choice of 2 levels of cover to choose from - Standard and Extra

Tesco Pet Insurance is provided by Royal & Sun Alliance Insurance plc.

The vetfone service is provided by Vetsdirect Ltd.

Get a quote for Tesco Pet Insurance.

Tesco Pet Insurance Review >

Tesco News

  • Tesco and Fortis announce travel insurance tie-up
    Tesco's travel insurance policies will be underwritten by Fortis. People seeking competitive travel insurance before they head off on single trip ...
    Read More >
    Mon 27th Sep, 2010
  • Tesco credit cards are focus of new deal
    Tesco has today (July 26th) announced the introduction of a credit card deal for new customers. Tesco credit cards are central to a new deal for ...
    Read More >
    Mon 26th Jul, 2010
  • Tesco and RSA team up to provide pet insurance
    Tesco Bank has recruited the help of RSA to provide underwriting and claims management for the supermarket bank's pet plan insurance branch. ...
    Read More >
    Thu 6th May, 2010
  • Tesco Bank: Young people failing to take out life policy insurance
    A significant number of 21 to 35-year-olds have neither a will or life insurance. The majority of young Britons do not have life cover.Research ...
    Read More >
    Wed 24th Mar, 2010
  • Tesco 'to be major presence on current account market'
    An increasing number of Britons may seek out current accounts from Tesco and other supermarket chains, one expert claims. Supermarkets are set to ...
    Read More >
    Tue 12th Jan, 2010
View Latest News Archive >

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