Halifax best buy cash ISA paying 2.80%

Halifax has announced the launch of a new 2.80% (variable) tax free Cash ISA Direct Reward available to both new and existing customers. Savers will benefit from a best buy cash ISA rate with easy access which can be opened online, in branch and by telephone from as little as £1. Customers who hold their main bank account with Halifax will also receive an additional 0.20% in interest.

Flavia Palacios Umana, head of Halifax savings products, said "This is a market leading ISA which can be opened from as little as £1. Now it's easier than ever for savers to establish a good savings habit and take advantage of tax free savings all year round.

"We think loyalty should be rewarded. That is why those who have their main bank account with us will earn 3% on their ISA - an additional 0.20%." 

Key features:

A variable interest rate of 2.80% (AER/tax free) for 12 months from date of first deposit

Additional 0.20% AER/tax free for customers who hold their main bank account with Halifax, taking the rate to 3.00% AER/tax free

After 12 months as previously announced we will notify customers that their rate has come to an end and they will be invited to review their ISA arrangements to make sure they have the best deal available

Transfers in, of current and/of previous years ISA funds accepted

No withdrawal penalties

Annual £5,100 ISA limit applies