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Teachers BS knows best

Teachers BS knows best

Category: Savings

Updated: 04/11/2009
First Published: 04/11/2009

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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 notice Cash ISA that complements its existing range of products very well.

The Cash ISA Plus Issue 1 is a no notice postal operated product with a minimum investment of £3.6K paying 2.75% yearly, £25K - 3.00%.

Transfers in are accepted, while transfers out and withdrawals in the first 12 months are subject to 90 days' loss of interest.

Rate includes 1.00% bonus for 12 months at £3.6K and 1.25% at £25K. Withdrawals are via BACS to a nominated account. After 12 months the rate reverts to Easy Access Cash ISA terms and conditions.

Paying up to 3.00%, this account sits within the top six paying variable rate ISAs and the ability to transfer in previous years' ISA allowance adds to its appeal. Investors should review the rate after the bonus period expires.

This ISA has been awarded four out of five Moneyfacts stars.

Compare cash ISAs

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 Any products featured may be withdrawn by their provider or changed at any time.

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