First heralded five years ago, the account arrives in a more crowded market with recent launches from the likes of M & S Bank and TSB, and in the wake of figures showing a third successive sales fall for Tesco stores.
Its key attractions are 3 per cent credit interest on balances up to £3,000, loyalty points on its debit card, an 'overdraft control', and deposit facilities at 300 stores.
Tesco Bank says it canvassed the views of 20,000 customers in designing the account.
Chief executive Benny Higgins said the account....