🔔 Halifax cuts ISA rate - Time to look elsewhere

Author: Anna Bowes
03rd May 2016

Savings Champion Rate Alert

Tuesday 3rd May 2016

Halifax has lowered the rate to 2.50% tax free/AER on its Help to Buy: ISA for new accounts opened from today. The previous rate of 4% tax free/AER was a market leader from the start of the Help to Buy ISA scheme. Fortunately for those who opened the account at the 4% rate, this change will not affect them.
 
For those looking for a Help to Buy ISA, two alternative providers that offer the top rate of 4% tax free/AER are Santander and Penrith Building Society. For more information, click on the links or take a look at our Help to Buy ISA Best Buy Table.

We also have a handy Factsheet available for those looking for more information on Help to Buy ISAs and how they work.

Best Savings Deals Summary

If you have any queries regarding our Best Buy Tables, an account featured or the suitability of the account for your needs, please call us on 0800 321 3581

Best Buy Table Best Account(s) Best Rate (AER)

High Interest Paying Current Account

TSB Bank /
Nationwide Building Society

5.00%

Easy Access

RCI Bank*

1.45%

Fixed Rate Bonds

State Bank of India (5 years)

2.90%

Variable Rate ISAs

Clydesdale Bank

1.50%

Fixed Rate Cash ISAs

Punjab National Bank (5 years)

2.50%

Notice Accounts

Charter Savings Bank

1.55%

Monthly Income

State Bank of India (5 years)

2.90%

Regular Savings

First Direct / M&S Bank

6.00%

Children's Accounts

Halifax (Regular Saver)

6.00%

Junior ISAs

Halifax

4.00%

Help to Buy ISAs

Santander / Penrith

4.00%

* Deposits held with RCI Bank are covered by the FGDR, which is the French equivalent of the UK Financial Services Compensation Scheme (FSCS). Please contact us if you would like further information.

Our Best Buy Tables are based on whole of market research, independent and have no commercial bias, ensuring that you can rely on them to make an informed decision. Alternatively, please call us on 0800 321 3581 to discuss your savings with one of our expert advisers.