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    • RichTeaBiscuit88
    • By RichTeaBiscuit88 10th Oct 17, 9:59 AM
    • 1Posts
    • 0Thanks
    Halifax HTB ISA Interest
    • #1
    • 10th Oct 17, 9:59 AM
    Halifax HTB ISA Interest 10th Oct 17 at 9:59 AM
    Hi all,

    First time poster here.

    I am currently using the Halifax HTB ISA to save up for a deposit, and we're getting pretty close to our target.

    One question I have relates to the interest paid on the ISA. It's paid out yearly, and my 2-year anniversary is still a couple of months away. The problem is that we've seen two houses we really like, and feel we have to move quickly to claim either of them.

    Therefore, if I was to close my HTB ISA account before the yearly interest payment, will this interest be pro-rata'd? Or would I lose all entitlement to this year's interest? As you can appreciate, every penny would help us out tremendously.

    Thanks in advance,
Page 1
    • greenglide
    • By greenglide 10th Oct 17, 10:10 AM
    • 2,920 Posts
    • 1,894 Thanks
    • #2
    • 10th Oct 17, 10:10 AM
    • #2
    • 10th Oct 17, 10:10 AM
    When you close the account the interest accrued to that day is calculated and paid with the balance.

    It is only on accounts with a notice period when the interest may be forfeit.
    • frankmassiebonsai
    • By frankmassiebonsai 10th Oct 17, 12:23 PM
    • 15 Posts
    • 5 Thanks
    • #3
    • 10th Oct 17, 12:23 PM
    • #3
    • 10th Oct 17, 12:23 PM
    You may be well aware of this already, but just make sure that *you* don't close the account, and instead follow the guidelines for claiming the bonus payment.
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