Halifax increases ISA rates | Product News - Moneyfacts

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Halifax increases ISA rates

Halifax increases ISA rates

Category: ISAs
Date: 01/07/2014

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 It is now over 6 months old so the content may be out of date.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 reviewed rates on its range of ISAs with its one-year and variable rate accounts both moving into the Moneyfacts best buys.

The basics…

1 Year ISA Saver Fixed now pays 1.55% yearly (1.54% monthly) while the easy access ISA Saver Online pays 1.50%, however the latter includes a 1.25% bonus for 12 months.

The finer details…

The one-year option can be opened in branch, by telephone or online with a minimum investment of £500. It must then be operated in branch or by telephone.

It allows further additions up to 60 days after opening the account and permits transfers in of older cash and stocks & shares ISAs. You can't make any withdrawals, although you can gain early access to funds, albeit on the closure of the account and the loss of 90 days' interest.

The easy access account meanwhile, must be opened and operated online and requires a deposit of just £1.

It allows the flexibility of further additions, transfers in of all old ISAs and unlimited access to funds.

Why we like them…

Both these accounts pay competitive rates of interest for their terms, allow transfers in, and offer a great tax-free home for savings.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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