Teachers BS heads towards top of savings class - Savings - News - Moneyfacts


Teachers BS heads towards top of savings class

Teachers BS heads towards top of savings class

Category: Savings

Updated: 17/12/2012
First Published: 19/01/2012

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Teachers BS has launched a new issue of its Reward Saver with an improved rate.

Now paying 2.80%, the account compares favourably with others in its field, albeit that the rate includes a bonus of 1.40% for 12 months.

Indeed, careful budgeting will be necessary to benefit from this high rate as only one free withdrawal is permitted in the first year - the rate will drop by 1.40% from the date of any second withdrawal within the bonus period.

It must also be remembered that a full review of the account's competitiveness will be necessary after 12 months once the bonus expires.

The minimum investment required is £3K, while additional investments are welcomed while the issue remains open.

Sure to appeal to savers who prefer telephone banking, this account earns four out of five Moneyfacts stars.

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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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