1-yr ISA gets a rate rise | Product News - Moneyfacts

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1-yr ISA gets a rate rise

1-yr ISA gets a rate rise

Category: ISAs
Date: 18/08/2015

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Halifax has boosted the rate on its one-year fixed rate ISA by 0.20%, giving it a helping hand into the Moneyfacts charts.

The basics…

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.

The finer details…

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.

Why we like it…

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

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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