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Loyal investors targeted for Tessa Isa by Leeds & Holbeck

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

The Isa is aimed at existing Leeds & Holbeck customers who have a tax exempt small savings account (Tessa) that is about to mature and are now considering how to reinvest the capital.

Leeds & Holbeck has given the Isa a variable rate of 6.7 per cent and investors are allowed to access their capital whenever they like. This instant access allows the Isa to be Cat standard. The minimum investment into the product is £1.

According to Moneyfacts the most competitive instant access cat standard Tessa Isa on the market on December 5, 2000 is the instant access Tessa only Isa from the Britannia Building Society, which has a variable rate of 6.85 per cent and which also offers instant access and a minimum investment of £1.

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