Halifax has improved the rate paid on its popular ISA Direct account.
The Cash ISA Direct Reward Account is a no notice account with a minimum investment of £1 paying 3.00% yearly. Transfers out can be made without penalty and transfers in are permitted. The rate reverts to ISA Saver Direct (currently 0.50%) after 12 months.
Qualifying Halifax current account customers receive an extra 0.20% and the initial deposit must be made within 28 days of opening the account.
At 3.00% it sits just below the current market-leading no notice ISA, although for those looking to transfer previous years' allowances it is a market leader. Qualifying current account customers will receive an enhanced rate of 3.20% as part of the Halifax Reward packages.
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