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Cheltenham & Gloucester extends Isa guarantee

Cheltenham & Gloucester has extended the interest rate guarantee on its cash and Tessa Isas.


The lender is guaranteeing that rates on the Isa will match the Bank of England base rate, which is currently 5.5 per cent, until January 1, 2000.


The cash Isa has a minimum investment of £1,000 and offers instant access to capital, but withdrawals are subject to a penalty of seven days&#39 gross interest.


The Tessa Isa offers penalty free access to capital transferred from matured Tessas.

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