Halifax has bucked the recent trend by increasing savings rates on selected fixed and variable rate bonds.
Fixed Rate Saver, Fixed Online Saver and Kids Fixed Saver now pay 2.10% for two years (2.08% monthly), 2.25% for three years (2.23% monthly), 2.30% for four years (2.28% monthly) and 2.35% for five years (2.33% monthly).
The finer details….
The pick of the bunch is the two-year fixed rate option paying 2.10% yearly or 2.08% monthly. Savers must invest a minimum of £500 in order to be eligible for this rate.
It should also be noted that further additions are not allowed. Savers can access funds early on closure of the account only, but this will incur a penalty of 180 days' loss of interest.
Why we like it….
Halifax offers a range of options to meet savers' individual requirements. The two-year fixed rate bond offers a highly competitive rate, as well as a monthly interest option for those wanting to supplement their income. The rate increase also moves this deal into the top ten of comparable accounts within the Moneyfacts Best Buy tables.
Four out of five Moneyfacts Stars have been awarded.
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