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Leeds & Holbeck cats its&#39 Tessa Isa

Leeds & Holbeck has expanded its range of Tessa Isas with the Cat standard Tessa Isa.

The Cat standard Tessa Isa is aimed at investors who have a tax exempt small savings account (Tessa) that it about to mature and are now considering how to reinvest the capital that the Tessa has acquired into a new investment.

Leeds & Holbeck has given the Isa, which is a cash Isa, a variable rate of 6.55 per cent and investors are allowed to access their capital whenever they like, with no restrictions on access. This instant access allows the Isa to be Cat standard. The minimum investment into the product is £1.

According to Moneyfacts the most competitive Cat standard Tessa Isa is the instant access Tessa-only Isa from Britannia Building Society, which has a rate of 6.85 per cent.

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