Cashpoints: A brand new home for a tired old Tessa

Click to follow
The Independent Online
Those stuck in a Tessa account paying a low rate of interest have limited options if they want to switch to a better deal. The Ipswich Building Society is accepting transfers from other organisations into its Tessa account, currently paying 5.85 per cent. Call 01473 211021 or

Leeds & Holbeck building society has launched a new savings account for the over-50s. The 50+ Saver account has a guaranteed fixed rate, which rises every six months. To begin with the account is offering 5 per cent until March 2000, rising to 7 per cent gross by April 2002. Savers can make one withdrawal a year without penalty. Minimum investment is pounds 3,000 and there's the offer of a half-price leisure break for two as an incentive for those opening accounts. Call 0113 225 7777 for more details.

Got a funny motoring story? You could win pounds 1,000. Pass Plus, the "add on" driving test - which gives insurance discounts for new motorists who pass an advanced test - is drawing up a book of anecdotes to celebrate a century of motoring.Find out more on the Pass Plus website at or call 0115 901 2633.

Yorkshire BS has a new range of mortgages based on tracking the Bank of England base rate. The deals are all 0.5 per cent above base rate. For example, there's a three-year fix at 0.5 above base rate with 2 per cent cashback when you take out the loan and a redemption charge of 2 per cent if you move to another lender during the fixed-rate period. For more details call 0541 575657.