Choose a vintage TESSA: use this guide to help you choose a TESSA that will provide the best return when it matures
Article Abstract:
It is harder to find good TESSA deposit accounts now that the first crop have matured. The value of money saved in TESSAs is not at risk and they are good for taxpayers. Three thousand pounds sterling can be saved in the first year, with up to 1,800 in each of the following four years, with an overall maximum of 9,000 pounds sterling. There are variable rate, fixed rate and equity linked TESSAs. A table of first time and follow on TESSAs, showing rates of return and other details such as transfer penalty, and minimum initial deposits, is provided.
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Subject: Consumer news and advice
ISSN: 0043-4841
Year: 1997
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How to build-up your savings
Article Abstract:
Deposit-based accounts and share-based products are both options for those wishing to save regularly. Deposit-based accounts are more flexible than share-based products, enabling savers to withdraw their money either instantly or with 30-90 days notice. Regular savings accounts are slightly less flexible, however, they do offer better interest rates. Share-based options include personal equity plans, which in many cases require a minimum commitment of five years and include charges.
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Subject: Consumer news and advice
ISSN: 0043-4841
Year: 1998
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