New Halifax ISA 2.8%-3.0%

DragonQ

Thanks, I called them today and they said the account was opened yesterday and that I'd get an email on Monday to confirm that. I need to go into my nearest branch with my passport, driving licence and the ISA transfer form and it'll all be done there and then.

Looks like I'll have it sorted next week then.

Deru

Still available I'm assuming?

http://www.halifax.co.uk/savings/accounts/cash-isas/isa-direct-reward/

I have a Direct ISA opened when it was 2.6%. Only 1 penalty free withdrawal (not that I'd want to withdraw anything anyway). Also have a Reward account.

I've read here that I can convert the ISA to this new one. (correct me if I'm wrong).

I've subscribed this yearh and I still have quite a bit of allowance left to use though. Would converting it mean I can't subscribe to the new one as it's a new ISA?

Also, if it's converted, will the 2.8% last till November 2011?

If I can still subscribe to the new one, what's the easiest way to do this switch? Is it by phone or branch?

Thanks in advance.

rb10

Deru wrote: »

I've read here that I can convert the ISA to this new one. (correct me if I'm wrong).

I've subscribed this yearh and I still have quite a bit of allowance left to use though. Would converting it mean I can't subscribe to the new one as it's a new ISA?

Also, if it's converted, will the 2.8% last till November 2011?

If I can still subscribe to the new one, what's the easiest way to do this switch? Is it by phone or branch?

Thanks in advance.

Just phone up - that's the quickest and easiest way of doing it.

The Reward rate will then last until November 2011. This is currently 2.8% or 3%, but may change between now and then.

It's the same account, so you don't lose out on any subscriptions. All you are changing is the interest rate.

Deru

Thanks.

That's Great. I'll give them a bell tomorrow

blueberrypie

Deru wrote: »

Still available I'm assuming?

http://www.halifax.co.uk/savings/accounts/cash-isas/isa-direct-reward/

I have a Direct ISA opened when it was 2.6%. Only 1 penalty free withdrawal (not that I'd want to withdraw anything anyway). Also have a Reward account.

I've read here that I can convert the ISA to this new one. (correct me if I'm wrong).

I've subscribed this yearh and I still have quite a bit of allowance left to use though. Would converting it mean I can't subscribe to the new one as it's a new ISA?

Also, if it's converted, will the 2.8% last till November 2011?

If I can still subscribe to the new one, what's the easiest way to do this switch? Is it by phone or branch?

Thanks in advance.

They can convert it to a different product over the phone, and they'll be able to tell you when the 2.8% will expire.

You can still add funds, up to the full ISA allowance, even if you convert it. (The same is true even if you were to move this year's subscriptions to a different provider.)

miller

simpleguy_blr wrote: »

Tried the online application, if you have already opened an ISA for this tax year then the application does not go through.

I wanted to open this account and fund it from my previous tax years ISA - basically move and existing ISA.

can some who have done so let me know how can this be done? Please.

Same here. "You cannot open another ISA in this tax year" or words to that effect.

Wrong, you cannot subscribe to another cash ISA. If that was the case you would never be able to do a transfer out.

I have sent a mail to their online support, but expect this will be a case of paper application in branch (no doubt with all the ID rigmarole). Great(!) Halifax, nice one.

miller

miller wrote: »

I have sent a mail to their online support, but expect this will be a case of paper application in branch (no doubt with all the ID rigmarole). Great(!) Halifax, nice one.

Decided to ring up in the end and got it opened on the phone (SayNoTo0870 Number 01133 809574) then I think its option 3 for savings.

Mr_K

miller wrote: »

Same here. "You cannot open another ISA in this tax year" or words to that effect.

Wrong, you cannot subscribe to another cash ISA. If that was the case you would never be able to do a transfer out.

I have sent a mail to their online support, but expect this will be a case of paper application in branch (no doubt with all the ID rigmarole). Great(!) Halifax, nice one.

Just answer 'No' to the 'have you subscribed to another cash isa' , even if you have subscribed and it will let you proceed. It doesn't matter as long as you're not putting any new deposits in and just doing a transfer of previous years subscriptions. It's a stupidly worded question and Halifax will have lost potential customers as a result.

antuk

choc_mouse wrote: »

Except, it seems the formula Halifax are using to work out "available to invest" is wrong:
abs(£5100 - ISA transfer amount) = big number.

Did this cause any problems? Did it sort itself out after a while?

jennifernil

If I apply by phone and wish only to transfer in previous years ISAs that are in a fixed term account, how long before my end date is it wise to apply?

Halifax say they pay interest from when they receive your transfer form, so presumably there is paperwork to send out, sign and return? Does that take long?

Ideally I would like no loss of interest, really fed up with losing over a month of interest on every transfer!