Halifax has launched a new one year ISA that offers a market leading rate of interest.
The Cash ISA Direct Reward is a no notice product that pays a rate of 2.80% on a minimum investment of only £1.
Transfers out can be made without penalty and transfers in are allowed, and the rate reverts to ISA Saver Direct (currently 0.50%) after 12 months, so a review would be required at this time.
Qualifying Halifax current account customers will have their rate boosted to 3.00%.
Four out of five Moneyfacts stars have been awarded.
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