Halifax is improving its savings rates with a new fixed-rate cash ISA for the new tax year.
The ISA Saver aims to tempt investors with a home for their current and previous years' ISA subscriptions and for matured TESSA funds. The minimum investment is £3,000. Fixed terms of one to five years are available. At maturity, roll over options will be offered, but any early closures will require a 30-day notice and a 180-day interest penalty.
The interest rate for the investment is fixed from the account opening day and guaranteed for the term. Initial rates will range from 4.75 per cent to 5.6 per cent, depending on the term.