Northern Rock has increased the rate paid by its popular ISA Breaker account.
Issue 4 of the product, which is operated by post, now pays a rate of 3.00% on a minimum investment of £500.
Withdrawals and transfers out are permitted on 60 days' loss of interest, and further additions are allowed up to 30 days after the issue closes.
Transfers in are not permitted, the minimum transaction is £250, and on maturity the account converts to the 30 Day ISA with instant access permitted for 30 days.
The launch of this new issue of the ISA Breaker, paying a fixed rate of 3.00%, is great news for investors looking for a good return on this year's tax free allowance.
It enters as the market leader in the short term fixed rate ISA field and should prove very popular.
Four out of five Moneyfacts stars have been awarded.
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