Halifax enhances medium-term ISA rate - ISAs - News - Moneyfacts


Halifax enhances medium-term ISA rate

Halifax enhances medium-term ISA rate

Category: ISAs

Updated: 04/03/2013
First Published: 04/03/2013

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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%.

The basics…

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.

The finer details….

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.

Why we like it….

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.

What next?

Search all cash ISAs
Download your free moneyfacts.co.uk guide to ISAs
3, 4 & 5 year fixed rate ISAs

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Will you open a Lifetime ISA?

The Lifetime ISA has been touted as a way to give under-40s the chance to either save for their first home or their retirement, with it being seen as a valuable long-term savings vehicle. Will you be taking advantage?

Top 6 inflation-beating cash ISAs

Inflation jumped up to a 22-month high in September, official figures have revealed, with the measure of CPI standing at 1%.

Could your newborn become an ISA millionaire?

Many parents like to set up a savings account for their newborn, giving them a valuable nest egg for the future. But what if you could give them an even better payoff and help them become a millionaire? According to research, it’s possible…