Vernon sets up rollover Tessa Isa

Vernon Building Society is promoting a rollover Isa option to its Tessa investors. Vernon Building ...

Vernon Building Society is promoting a rollover Isa option to its Tessa investors. Vernon Building Society is promoting its cash Tessa Isa by offering a tiered rate of interest, which currently rises to 6.45%. Accounts can be opened with a minimum of £10 and interest is calculated daily. Withdrawals can be made at any time subject to a £10 minimum. Those with maturing Tessa accounts are being encouraged to take advantage of the six-month window, which will allow up to £9,000 to be transferred directly from a Tessa into an Isa. Typically the investment cap on an Isa is £7,000 but money in...