Tipton and Coseley Building Society have launched a new Cash ISA paying 5.01 percent interest, earning an “excellent” Moneyfactscompare rating.

The new Single Access ISA, one of two launched by the mutual this week, offers the “most competitive” rate of the pair.

Commenting on the deal, Caitlyn Eastell, a spokesperson at Moneyfactscompare.co.uk, said: “Tipton and Coseley Building Society has launched two new variable rate accounts this week, the most competitive of which being the Single…