Halifax has provided a ray of sunshine to savers by increasing the majority of rates on its fixed rate savings accounts. Making temperatures rise the most are the new rates on its longer term Web Saver products. For a minimum investment of £500, a return of 3.80% is available over three years, 4.00% is offered over four years, and 4.10% is payable over five years, making them all market leaders in their respective fields. Although early access is not allowed, there is the option to close the account after six months, albeit with a penalty on the guaranteed reserve. To be able to take advantage of the rates, investors must have or open a Halifax Variable Rate Web Saver account so that funds can be transferred into it at the end of the term. The new range earns four out of five Moneyfacts stars.
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