UK banking group Halifax is offering new rates for its fixed-rate ISAs, with a competitive maximum interest rate of 6%.
The fixed-rate ISAs hold a minimum investment of GBP3,000 for one to four years. The one-year fixed-rate ISA offers a 5.50% AER, while the two-year fixed-rate ISA offers a 5.60% AER. The three-year fixed-rate ISA offers a 5.70% AER, while the four-year fixed-rate ISA offers a market-leading rate of 6%.
Existing fixed-rate customers are not affected and the new rates will become effective as of February 28, 2007, Halifax said.