Tesco Compare and Tesco Bank work closer together to offer more choice for customers

Alan — Tue, 27 Sep 2011 01:27:59 +0000

Tesco Bank has recently announced that it will be working with Tesco compare to offer its customers more transparency when they are choosing their car insurance or their home insurance quotes. The new service will mean that people who have come to Tesco Bank to investigate the option of insuring with them, will be able to easily see what all other competitors are offering them. It will also be able to direct customers who the bank cannot cover to insurers who might be able to meet their needs – these will generally be people who are in a high risk group.

The system works by asking people who are applying for quotes on Tesco’s website to compare the price they are getting with Tesco, with other insurers. Importantly, unlike with other comparison portals, you don’t have to enter all of the details again as the website will remember all of your insurance details.

The Commercial Director of Tesco Compare is Vikki Macleod and she has said, “We are very pleased to be able to work with Tesco Bank so that we can offer the best value to our customers. We want to offer a transparent service so that the people who shop with us can really get the best deal available.”

Launched in 2007, Tesco Compare can find deals for customers from leading car and home insurance providers; it can also introduce people to many comparison services for products, including insurance, money, utilities and telecoms.

Search for summer autumn

Tesco Compare intends this autumn to continue to help people search for deals so they could save money. In addition to comparing by price, customers can compare by features and benefits through the quick and simple comparison service.

Summing up, Vikki Macleod, said: “We are sure the new arrangement will embody the Tesco Bank spirit of treating customers fairly. During these tough financial times we appreciate that Every Little Helps can make a difference when finding deals on insurance and other financial products.”

Why not search to see if you could save money this autumn? Visit the Tesco Compare website

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Couples share savings but not spending

Alan — Sat, 08 May 2010 21:50:37 +0000

New research from Tesco Bank shows that 29% of all people in relationships are choosing not to merge their finances, with most couples taking an average of two years before they start to join their finances together.

However, those who do decide to open a joint account still keep some degree of financial independence, by keeping a few financial resources separately. For example, couples are more likely to share savings accounts than credit cards or checking accounts.

A spokesperson for Tesco Bank stated that even though a relationship requires sharing many elements of each other’s lives, most people still try to keep some of their financial independence by not sharing all of their resources.

However, it was interesting to see that most couples are happier sharing savings versus their spending money and that a third of those surveyed would use the joint finances to pay for an anniversary present or treat.

This is due to the fact that while the joint account is typically used to pay mortgages, weekly shopping bills, or other bills, about 30% of people use their combined finances to fund any special occasion or presents for the other.

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Personal Finance Stuff » Tesco Bank

Tesco Compare and Tesco Bank work closer together to offer more choice for customers

Couples share savings but not spending