Halifax's three-year ISA Saver Fixed deal has been propelled to the top of the medium-term bond market thanks to a rate increase of 0.40%.
This fixed-rate bond pays a market-leading tax-free rate of 3.00% on its anniversary to savers with investments of £500 and over.
Further additions are not permitted, although early access to funds is allowed upon account closure. Savers must be aware that making withdrawals will also be subject to a 270 days' loss of interest penalty.
Transfers in are accepted.
The account can be operated in branch or by telephone by savers aged 16 and over.
This new and improved bond offers an attractive savings package to those looking to lock their cash away for a medium term. Four out of five Moneyfacts Stars have been awarded.
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