New Halifax ISA 2.8%-3.0%

beecher2

I changed from a Halifax Direct Saver 2 to a Direct Saver 3 at the weekend, but it is still showing up as Saver 2 online. Could someone tell me if it should have changed automatically, or if there's a delay?

terakris

beecher2 wrote: »

I changed from a Halifax Direct Saver 2 to a Direct Saver 3 at the weekend, but it is still showing up as Saver 2 online. Could someone tell me if it should have changed automatically, or if there's a delay?

I did something similar - took a few days to show online with the correct name (only once i clicked the isa saver account though, thats where it says the new name, not on the main account listings).

beecher2

Thanks for that - I'll leave it til the weekend then

rb10

beecher2 wrote: »

I changed from a Halifax Direct Saver 2 to a Direct Saver 3 at the weekend, but it is still showing up as Saver 2 online. Could someone tell me if it should have changed automatically, or if there's a delay?

It will firstly change to just 'ISA Saver', before (after a few days) changing again to 'ISA Direct Reward 3'.

ChopperST

Quick question for those of you who have opened this account.

Am I right in thinking you can open the reward current account, pay in £1000 a month then transfer it out again to be entitled to the 0.2% bonus on the ISA interest and still recieve the current account bonus of £5 a month.

Would having a second current account have a negative impact on my credit score?

Cheers.

rb10

ChopperST wrote: »

Am I right in thinking you can open the reward current account, pay in £1000 a month then transfer it out again to be entitled to the 0.2% bonus on the ISA interest and still recieve the current account bonus of £5 a month.

Yes. Do it in a branch and they often have £50 available for you as well if you transfer your direct debits across.

ChopperST wrote: »

Would having a second current account have a negative impact on my credit score?

Highly unlikely.

ChopperST

Thanks for the reply went into branch today, don't want to switch my current account so going to open the account pay £1k in a month and straight back out again so will get the £5 a month bonus.

BurntOut

ChopperST wrote: »

Thanks for the reply went into branch today, don't want to switch my current account so going to open the account pay £1k in a month and straight back out again so will get the £5 a month bonus.

The £1000 has to remain in the account for ONE day (24hrs) only, move it back out again if you so choose, you'll get the £5 reward.

I believe their ISA promise, is that you earn standard variable interest until your transfer actually lands in the account, then you earn the product you went in for eg Isa Direct Reward 3 etc. Its my understanding of tranfers in the past you didnt earn anything.

Seen an advert in branch the other day for an Isa Direct Reward 4, phoned up, not available until SUNDAY 27/02/11, no interest rate published as of yet and staff wont know until then. SO KEEP ON EYE OUT ON SUNDAY 27TH PEOPLE !!!!!!!!!!!!!!!!!!!

blueberrypie

BurntOut wrote: »

The £1000 has to remain in the account for ONE day (24hrs) only, move it back out again if you so choose, you'll get the £5 reward.

Not true - there is no requirement for the £1k to stay there for any length of time at all. The requirement is simply that you deposit £1k - you can move it out again seconds later, and still qualify for the £5 reward.

rb10

BurntOut wrote: »

The £1000 has to remain in the account for ONE day (24hrs) only, move it back out again if you so choose, you'll get the £5 reward.

No, it only has to be credited to the account. There's no requirement on a minimum time for it to be in there.

(Not to be confused with the opening £100 - this has to stay in the account for 24 hours to activate the account and get the card sent out).

BurntOut wrote: »

I believe their ISA promise, is that you earn standard variable interest until your transfer actually lands in the account, then you earn the product you went in for eg Isa Direct Reward 3 etc.

No. You earn interest at the rate of whichever account you have opened. So if you open the ISA Direct Reward (at 2.8%), then the extra interest will be paid at 2.8%. If you open the 4 year fixed rate ISA (4.25%), then the extra interest will be paid at 4.25%.

This is paid as 'Interest Adjustment' shortly after the transfer is completed.