Cashpoints: Tessa acts in the National interest

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The Independent Online
National Savings has launched a competitive Tessa ISA, for those whose five-year Tessas are coming up to maturity. You can transfer the capital direct from a Tessa to a new ISA account - in addition to your overall pounds 7,000 tax-free savings limit for the 1999/2000 year. The NS product pays 5.75 per cent gross interest, calculated daily. Call 0500 500000.

Independent mortgage broker Chase de Vere has a two-year fixed-rate mortgage at 5.79 per cent, with no extra charges other than a pounds 300 completion fee. The deal has no redemption penalty so you can pay off capital rapidly. The minimum loan is pounds 75,000. Call 0171-930 7242.

If you are looking for ISA recommendations, Chartwell Investment Management has published a list of its top funds across all sectors, judged by performance consistency, managers, charges and investment styles. The firm offers a discounted execution-only service to clients who want to buy funds. For a free copy of the Chartwell guide call 01225 321710.

Alliance & Leicester has added another two "double points" schemes to its MoneyBack card. Money spent by cardholders on Green Flag breakdown services and in Littlewoods Stores will now earn extra points. Other "double points" partners include BP and Interflora. The card pays cash rebates once a year. Call 0500 838383.

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