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Tesco’s variable ISA rate increased

Tesco’s variable ISA rate increased

Category: ISAs
Date: 14/06/2017

Tesco Bank has increased the rate on its variable rate cash ISA by 0.47%, which has made it worthy of a place in the Best Buy chart for its sector while earning a high rating.

The basics…

The Instant Access Cash ISA now boasts a variable rate of 0.97%, paid on its anniversary, which includes a 0.47% bonus for the first 12 months.

The finer details…

The account requires a minimum investment of just £1. It allows instant access, with transfers in from cash and stock & shares ISAs, transfers out, withdrawals and additions all welcome, though there is a maximum withdrawal limit of £10,000 to non-Tesco Bank accounts and a higher £100,000 limit to Tesco Bank accounts. The account can be opened and operated over the phone and online. Due to the bonus, a review of the account will be prudent after 12 months.

Why we like it…

This deal's competitive rate, combined with its low investment requirement and easy access, have helped it enter the Best Buys and earned it a high rating.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
 
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