Halifax has boosted the rate on its one-year fixed rate ISA by 0.20%, giving it a helping hand into the Moneyfacts charts.
1 Year ISA Saver Fixed now pays a yearly rate of 1.60% (1.59% monthly), enabling it to sit comfortably among the top 10 accounts of its sector.
This account can be opened and operated in branch, by phone and online with an initial investment of at least £500.
Additional deposits can be made for up to 60 days after the account has been opened, while transfers in of existing cash and stocks & shares ISAs are also permitted. Early access is allowed upon closure of the account and the loss of 90 days' interest. Transfers out will also incur this penalty.
The rate increase to this deal has boosted its competitiveness and allowed it to move into the Moneyfacts charts. The fact that is also has a monthly interest option and allows further additions and transfers further enhances its appeal, justifying its place among the top 10 accounts.
Moneyfacts rating: Excellent
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