Tesco Bank is the finance arm of Tesco.   It was originally started as a joint venture between the Royal Bank of Scotland and Tesco in July 1997 as Tesco Personal Finance. In 2008 Tesco purchased the part they did not own from RBS for £950 million giving them 100% ownership. The name was changed to Tesco bank in October 2009. Today they have over 6 million customers, and figures suggest that £1 in every £8 withdrawn from a cash machine is a Tesco ATM. Currently they offer 28 products and services including-

Tesco Car Insurance Tesco car insurance was voted the most trusted car insurance provider in 2010 by thisismoney.co.uk. They regularly have online discounts available for new customers as well as discounts for Tesco Clubcard holders.

Tesco Home Insurance Tesco home insurance is provided by UK insurance Ltd and the finest cover has been awarded a 5 star Defaqto rating. They also offer value and standard home contents and buildings insurance.

Tesco Travel Insurance Tesco offers single trip and annual travel insurance for both European and worldwide holidays.

Savings Accounts It is not just insurance that you can buy from Tesco bank. They also have an internet saver which @24/06/2010 is paying 2.75% and they have almost 500.000 savings customers.