Teachers Building Society has reviewed its savings range and made slight reductions to its ISA rates. However, its popular 90-day notice account has held onto a coveted spot among the market-leaders of the Moneyfacts charts.
Cash ISA Notice 90 (Issue 5) now has a competitive rate of 1.50% yearly, which sees it retain its place among the top 10 for its sector. Meanwhile, its instant access Cash ISA (Issue 4) pays a yearly rate of 1.30%.
Both of these accounts can be opened by post and then managed by post or online with a minimum deposit of just £100.
The notice account allows further additions while the issue remains open (not via the internet) but transfers in of other ISAs are not permitted. Unlimited, penalty-free withdrawals are permitted as long as 90 days' notice is given. Accessing funds without this notice period is possible, but this is subject to the loss of 90 days' interest.
The no-notice account allows unlimited further additions by cheque and also accepts transfers in of other cash and stocks & shares ISAs. No notice is required when accessing funds and unlimited withdrawals are permitted.
Despite the slight decrease in rate, the 90-day notice account has held on to its place within the Moneyfacts charts. The option to make further additions and access funds early, although subject to the loss of 90 days' interest, offers savers welcome flexibility and ensures this account's continuing popularity.
Four Moneyfacts Stars have been awarded.
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 Any products featured may be withdrawn by their provider or changed at any time.
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