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L&G amends Tessa to fit Cat ISA requirements two months early

Legal & General is amending its Tessa account to meet the Cat ISA standard two months early.


The life office is reducing its minimum investment for its Tessa from £1,000 to £1, removing the 35-day notice period on early withdrawals and guaranteeing that the interest paid will never be less than 1 per cent below the base rate.


Marketing director Steve Leach says: &#34We will be launching a Cat-marked cash ISA on April 6 and believe that customers should receive the same advantageous terms for a Tessa ahead of this date.&#34

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