2 Year ISA coming to the end!!

slbs2009

Right, this is my 1st thread. Ive got a 2 year ISA coming to the end (31st March)

I'll be getting about £5700. If anyone could help where i should put the money that would be great.

Cheers

ray123

Halifax are offering 3% AER for 12 months.

Hurry, this is a limited offer and may be withdrawn at anytime.

• Minimum balance - £1,000 up to a maximum balance of £3,600 each tax year
• Up to 4 withdrawals within the first 12 months - £10 or more
• Unlimited deposits - up to £3,600 each tax year. Remember, you can also add additional funds by transferring any ISA funds held elsewhere
• Manage your savings online or by telephone
• Number of cash ISAs - you can only fund one cash ISA during any one tax year
• Transfer your existing ISA - if you already have an ISA with another provider and want to take advantage of our Halifax ISA Direct Reward interest rate, transfer your ISA today free of charge.

There is also the NatWest Bank Plc e-ISA at 3.25% or the first direct cash e-ISA at 3.10%. Both allow you to transfer your ISA from another provider, however, they are instant access and so the interest rate might be variable.

The halifax ISA on the other hand is fixed at 3% for 12 months.

Aki123

Hi,

I just called my branch to ask about this, and was told it wasn't a fixed rate.

littlemrtinkle

defo a fixed rate!! i have just transferred a previous isa to halifax

Baldur

Aki123 wrote: »

I just called my branch to ask about this, and was told it wasn't a fixed rate.

See http://www.halifax.co.uk/savings/isa-direct-reward.asp?source=NETGOOGLSAVESA430002

Earn a guaranteed tax free interest rate of 3% AER for 12 months.

ray123

Some of the staff are apparently not very clued up!
My advice, having learnt from experience is that if you open this account, credit it with at least the minimum amount immediately.

I opened the guarenteed saver in Nov/Dec and was assured over the telephone that I would have 14 days to credit the account with the minimum amount and would still receive the 6% interest rate. Before i transferred the money, I ran Halifax to confirm that the rate would be 6% and was told that the rate had been reduced to 3%. I told them I had been informed otherwise, but to no avail... I did not open the account, as i had been cheated out of a few hundred pound!

Baldur

ray123 wrote: »

My advice, having learnt from experience is that if you open this account, credit it with at least the minimum amount immediately.

Only possible before April 6th if the OP has not already subscribed any of the current tax year's ISA allowance elsewhere.