Halifax Direct ISA to 3% on 28/02

planemad

I read today in the Daily Mail "Money Mail" that from 28/02 the Halifax Direct ISA is going up from 2.8% to 3%.
I imagine to get funds in for this tax year before the cut off.

Hope all find this useful.:beer:

Lokolo

Are you able to scan it in?

Halifax's ISA is at 3% for Current Account Reward customers.

Just want to make sure you aren't getting confused

rb10

A quick Google brings it up:

For example, the Halifax Isa Direct Reward launching next Monday pays an attractive 3 pc tax-free in the first year.

http://www.dailymail.co.uk/money/article-1359604/Only-41-days-open-Isa-use-allowance-beat-taxman.html

The way they've phrased the comment indicates that this'll be a new account, i.e. 'ISA Direct Reward 4', so that those with an 'ISA Direct Reward 3' will have to phone up to get 3/3.2% rather than 2.8/3%.

Lokolo

It's worth an extra £18 a year for me!

planemad

Lokolo wrote: »

It's worth an extra £18 a year for me!

Are you currently with HF? is it normally just a case with them that you call them and they change your account to the most recent?

Thanks

jennifernil

The phone lines will be red hot on Monday then.

rb10

planemad wrote: »

Are you currently with HF? is it normally just a case with them that you call them and they change your account to the most recent?

Yes, always.

BurntOut

planemad wrote: »

I read today in the Daily Mail "Money Mail" that from 28/02 the Halifax Direct ISA is going up from 2.8% to 3%.
I imagine to get funds in for this tax year before the cut off.

Hope all find this useful.:beer:

I believe this might be an Isa Direct Reward 4 which is available from 27/02/11. Seen an ad in branch the other day, but staff could not advise rate as of yet, and product not available til Sunday 27/02/11, but going up to 3% would seem logic, and as a current acc customer that means 3.2% HAPPY DAYS !!!!

BurntOut

rb10 wrote: »

A quick Google brings it up:



http://www.dailymail.co.uk/money/article-1359604/Only-41-days-open-Isa-use-allowance-beat-taxman.html

The way they've phrased the comment indicates that this'll be a new account, i.e. 'ISA Direct Reward 4', so that those with an 'ISA Direct Reward 3' will have to phone up to get 3/3.2% rather than 2.8/3%.

Correctamundo..........Redesignation Time, their lines will be going crazy ;-)

jen245

Excellent, I'll be straight on the phone Monday morning!

christinejp

When they introduced the Halifax ISA direct reward 3 last year, my daughter went into her branch in Swansea and got them to redesignate her old Isa to the new one. It was done within a few days and appeared online.

The three other members of the family did ours over the 'phone, and had no end of problems. It took a couple of weeks to change, and mine in particular didn't get upgraded properly and I had to kick up a fuss with their complaints department.

By the way, my daughter's online account has been in the new format for some while now, allowing you once again to see the interest rate you are getting on individual accounts. My account and my husband's is still showing in the old format.