Halifax are now offering the all new ISA Direct Reward account with a guaranteed 3% AER tax free interest rate for 12 months. It’s a limited offer and may be withdrawn at any time. You can also make up to 4 withdrawals a year without penalty, giving you a great interest rate with instant access, when other types of savings accounts are offering around 0.5%.

As with all cash ISAs you can instest up to a maximum balance of £3,600 each tax year. Halifax are also allowing you to add additional funds by transferring any cash ISA funds from other ISA providers. You’ll get the same great 3% tax free deal for transfers.

This review was posted on Wednesday, February 25th, 2009 and the offer details may have changed or ended since writing or updating. Check the company website for up to date information on offers.

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