We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Looking for a fixed rate ISA that allows further deposits
Options
d712
Posts: 235 Forumite
Hello
My ISA is with Halifax and I was next considering the Halifax two year fixed rate ISA until I saw that you cannot make additional deposits.
What I will probably do in April is take what I have now and put it in that ISA for two years and leave it there. Then I'll look for another two year fixed rate ISA where deposits are permitted.
Has anyone seen one they can recommend that offers a similar interest rate to the Halifax one i.e. 3.5%?
Thanks
My ISA is with Halifax and I was next considering the Halifax two year fixed rate ISA until I saw that you cannot make additional deposits.
What I will probably do in April is take what I have now and put it in that ISA for two years and leave it there. Then I'll look for another two year fixed rate ISA where deposits are permitted.
Has anyone seen one they can recommend that offers a similar interest rate to the Halifax one i.e. 3.5%?
Thanks
0
Comments
-
From the end of February until May 2009, Halifax offered a very popular ISA that allowed additional deposits, yet gave a fixed rate. So unless your ISA is due to mature very soon (e.g. the next couple of weeks or so), I'd leave it a little longer, to see what they bring out.
Otherwise, Lloyds' ISAs allow additional deposits, but the rates are quite low at the moment. Again, these may well rise in late Feb/early March.0 -
Dunfermline Building Society do 2 Fixed Rate ISA's which you can open with a minimum of £100 and you can add to (up to maximum allowed, while the issue remains open), see attached link > Terms and Conditions tab
http://www.dunfermline.com/savings/tax-free-savings.aspx
http://www.dunfermline.com/savings/1-year-fixed-isa.aspx
http://www.dunfermline.com/savings/2-year-fixed-isa.aspx
There was some questions about problems with this BS - not sure what happened here though...
http://news.bbc.co.uk/2/hi/uk_news/scotland/7969882.stm"Every Pounds A Prisoner "
"Loyalty to the Best Interest Rate"
:beer:0 -
See - http://business.scotsman.com/business/EU-approves-ministers39-Dunfermline-rescue.6012449.jpalastair_h wrote: »There was some questions about problems with this BS - not sure what happened here though...
http://news.bbc.co.uk/2/hi/uk_news/scotland/7969882.stm0 -
alastair_h wrote: »Dunfermline Building Society do 2 Fixed Rate ISA's which you can open with a minimum of £100 and you can add to (up to maximum allowed, while the issue remains open)
I would be very wary of this - if open the account, but then they close the issue before you've used your whole annual allowance, then you have lost the whole of the rest of your allowance for the year.0 -
Thanks I think that's the one I have at the moment. I got it last year and it offers a fixed rate of 3%. A couple of months ago I looked to see what was available and it had been withdrawn.
I'll look again around the end of March to see what they're offering.
ThanksFrom the end of February until May 2009, Halifax offered a very popular ISA that allowed additional deposits, yet gave a fixed rate. So unless your ISA is due to mature very soon (e.g. the next couple of weeks or so), I'd leave it a little longer, to see what they bring out.
Otherwise, Lloyds' ISAs allow additional deposits, but the rates are quite low at the moment. Again, these may well rise in late Feb/early March.0 -
Thanks I think that's the one I have at the moment. I got it last year and it offers a fixed rate of 3%.
I've got this too. I wish the Halifax would get on with it if they are going to offer something similar this year!
I've never had a Halifax ISA mature before and I was hoping that they might write with a tempting offer to keep existing custom but nothing doing so far.
My bonus runs out in mid March and if they don't have something more attractive to switch to, then I think I'm going to go for the new First Direct one. It works on the same principle as our current Halifax one, being instant access but the rate is fixed at 2.75% until August 2011. Like the Halifax one, previous years can be transferred in too. Might be worth a look?0 -
tipsychick wrote: »I've never had a Halifax ISA mature before and I was hoping that they might write with a tempting offer to keep existing custom but nothing doing so far.
Unfortunately I have (3 x 2
6 maturing in the period mid March to early April. If they follow what they did last year they write a month in advance and telling you what is available then. But with no guarantee that the same offers will still be on the table at maturity date! Which is a trifle worse than useless .... and particularly in that I will be at the far tip of Norway when the first pair mature.
So I may opt to leave the OH at home to sort it!If you want to test the depth of the water .........don't use both feet !0 -
But with no guarantee that the same offers will still be on the table at maturity date!
I believe that if you reinvest the ISA (sending in the form before the maturity date), you will get the higher of:
1) The rate listed on your maturity letter; or
2) The rate that applies on the date the new account begins.0 -
Hmmmm ..... if memory serves (and I think it is!). I sent in the maturity forms, by return, and opting for the 3% fixed rate for the 1 year. Only to receive a call cautioning that it may not be available at maturity date. So asking me to ring the evening before maturity .. to check!
So they certainly weren't offering anything that wasn't available otherwise .... no under the counter deals to loyal customers with all their cash ISAs in maximum fixed periods with Halifax!
As it happened the 3% was still available. But I still felt like the poor relation ... and particularly as the maturity was at 5.7%.If you want to test the depth of the water .........don't use both feet !0 -
Hmmmm ..... if memory serves (and I think it is!). I sent in the maturity forms, by return, and opting for the 3% fixed rate for the 1 year. Only to receive a call cautioning that it may not be available at maturity date. So asking me to ring the evening before maturity .. to check!
As you would have been changing onto a different product (i.e. Fixed Rate ISA to ISA Direct Reward), I don't think the Reward would have been given as an option on your letter(?) so the guarantee of giving you the highest rate wouldn't apply.
You've got me interested now as to whether what I said in my previous post is true or complete nonsense - I will have to double check!So they certainly weren't offering anything that wasn't available otherwise .... no under the counter deals to loyal customers with all their cash ISAs in maximum fixed periods with Halifax!
I have never known Halifax to do this. But ... the concept of giving different people different offers is very much a 'Lloyds' thing to do, so could be different this year!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards