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US citizens in the UK · Institutions

Which Tesco Bank accounts accept US citizens

Last checked

Tesco Bank has been checked for US citizens across 3 account types. All 3 are open to a US person.

If you already have an account with Tesco Bank, a second one there is usually the easier application, because Tesco Bank has already checked who you are. Each account below carries its verdict, the evidence behind it and the date it was checked.

At a glance

Account Verdict Last checked
Savings accounts Opens
Cash ISAs Opens
Credit cards Opens

Savings accounts

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Opens

Tesco Bank savings are now provided by Barclays trading as Tesco Bank and remain open to new applications, asking only that you are 18 or over, UK resident, and hold a UK current account, with no US-person bar. The US taxes the interest as ordinary income.

FSCS £120,000 shared with Barclays, which provides it · online

Account Terms The catch
Fixed Rate Saver (1 year)
Access
Fixed term
Rate
4.84% AER, fixed
Term
1 year
Min
£2,000
Rate as of
 1 year term. Needs £2,000 to open, you can only pay in for the first 30 days, and no withdrawals during the term.
Internet Saver
Access
Easy access
Rate
4.40% AER, variable
Then
1.05%
Min
£1
Rate as of
 Includes a fixed 3.35% bonus for 12 months on balances up to £1m, after which it drops to the standard 1.05% rate.
Fixed Rate Saver (18 months)
Access
Fixed term
Rate
4.85% AER, fixed
Term
18 months
Min
£2,000
Max
£5,000,000
Rate as of
 Pay in only during the first 30 days, and no withdrawals until the term ends except in exceptional circumstances. Interest paid annually; the monthly-interest option pays 4.75% AER.
Fixed Rate Saver (2 years)
Access
Fixed term
Rate
4.85% AER, fixed
Term
2 years
Min
£2,000
Max
£5,000,000
Rate as of
 Pay in only during the first 30 days, and no withdrawals until the term ends except in exceptional circumstances. Interest paid annually; the monthly-interest option pays 4.75% AER.
Fixed Rate Saver (3 years)
Access
Fixed term
Rate
4.85% AER, fixed
Term
3 years
Min
£2,000
Max
£5,000,000
Rate as of
 Pay in only during the first 30 days, and no withdrawals until the term ends except in exceptional circumstances. Interest paid annually; the monthly-interest option pays 4.75% AER.
Fixed Rate Saver (5 years)
Access
Fixed term
Rate
4.85% AER, fixed
Term
5 years
Min
£2,000
Max
£5,000,000
Rate as of
 Pay in only during the first 30 days, and no withdrawals until the term ends except in exceptional circumstances. Interest paid annually; the monthly-interest option pays 4.75% AER.

Source: Tesco Bank savings rates, 2026-08-17 Last checked Tesco Bank's own page

Cash ISAs

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Opens

The cash ISA terms ask that you are 18 or over and resident in the UK, with no requirement to be tax resident only here and no US-person exclusion, though you do need a UK current account. Note the FSCS limit is shared with Barclays, so money at both is covered once. The IRS still taxes the interest as US income, as the wrapper gives no US relief.

FSCS £120,000 shared with Barclays, since Tesco Bank is a trading name of Barclays Bank UK · online, app or phone

Account Terms The catch
Fixed Rate Cash ISA
Access
Fixed term
Rate
4.40% AER, fixed
Term
1 year
Min
£1
Rate as of
 Deposits must be made within the first 30 days, and transferring out early costs 90 days of interest.
Instant Access Cash ISA
Access
Easy access
Rate
4.20% AER, variable
Then
1.05%
Min
£1
Rate as of
 Includes a fixed 3.15% bonus for the first 12 months, after which it drops to the standard rate.

Source: Tesco Bank cash ISAs, 2026-08-17 Last checked Tesco Bank's own page

Credit cards

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Opens

The brand survived the sale of Tesco's banking business to Barclays in November 2024, and cards are still open to new customers, but Barclays is now the lender. Criteria are UK residency and being 18 or over, with nothing turning on citizenship. Applying here and to the Amazon Barclaycard is one lender reading your file twice.

Barclays Bank UK, trading as Tesco Bank · same lender as the Amazon Barclaycard

Account Terms The catch
Balance Transfer and Purchases Card
Representative APR
24.9% APR representative
Card fee
Free
Abroad
2.75%
Rate as of
 No interest on purchases and balance transfers for 21 months, with a 2.95% transfer fee.
Everyday Low APR Card
Representative APR
12.9% APR representative
Card fee
Free
Abroad
2.75%
Rate as of
 The lowest headline rate on this page, which means it wants the strongest UK credit file.

Source: Tesco Bank credit cards, 2026-08-17 Last checked Tesco Bank's own page

Account names link to the provider's own site. momo has no active affiliate partnerships; if that changes it will be disclosed and will never change a verdict. Every institution, A to Z.

Confirm your own position with a cross-border specialist. Acceptance policies and tax rules change, and your facts may differ from the general case. Rates and terms here are the provider's published figures rather than an offer, and the provider decides each application on its own criteria. Use this as a map, not a ruling. Last checked .
Tax

FATCA

FATCA makes UK banks report accounts held by US persons to the IRS. It is not a tax; it is a reporting trail. Where it bites is access.

 Tax

FBAR

If your foreign accounts top $10,000 combined at any point in the year, you file an FBAR. What counts, when it is due, and what happens if you miss it.

 Tax

ISA US tax

The IRS does not recognise the ISA wrapper. Cash ISA interest and stocks ISA gains are taxable on your US return, and fund holdings drag in PFIC rules.