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B&W reports high demand for Tessa Only Isas

Bristol & West is reporting a surge in demand for its stockmarket-linked Tessa Only Isa.

Around 70 per cent of Bristol & West&#39s customers are choosing to reinvest, most of them preferring equity-linked accounts. In addition, 25 per cent of applicants are customers switching their maturing Tessa capital to Bristol & West from other providers. The company has taken on 10 extra staff to process applications.

Bristol & West head of savings and investments Harry Partington says: “Savers looking for a home for their matured Tessa contributions have seen the high returns had by those in stockmarket linked Tessas and many are moving to this type of product.”

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