Halifax ISA 3.00% AER now available.

talexuser

yes, go to the account, right under the title is a link to the interest rate, shows 3% but not the extra 0.2.

rb10

talexuser wrote: »

yes, go to the account, right under the title is a link to the interest rate, shows 3% but not the extra 0.2.

Note that this only applies if you are on the new internet banking.

If yours hasn't changed over yet, then there's no way to see the interest rate.

MOPI

Thanks for all the reply's. Unfortunately it still looks like I am on the old system

Do I have to do anything to change over or is it being done in phases?

Thanks again

rb10

It'll change over automatically at some point soon.

LGG_2

went into halifax today and signed up and did the paper work for the transfer. never used halifax b4 but seemed impressed with the guy who delt with me. touch wood it all goes through ok

10_66

jennifernil wrote: »

You need to say you have not subscribed this year, then it will open the new ISA. DO NOT FUND IT IMMEDIATELY.

Print off a transfer form and send it in or take it to a branch. Once your funds arrive you can deposit any remaining allowance. Alternatively, if you have money available you could top up your existing ISA before transferring it....

I'm going to transfer an existing ISA to the Halifax ISA Direct Reward, and would prefer to do it online rather than on the 'phone. However, I'm a bit concerned that if I say that I haven't subscribed this year (when I have) that HMRC will think I'm trying to pull a fast one, instead of just trying to make Halifax's system accept an honest transfer. Is it something that's likely to get "checked" on, I wonder?

Mr_K

tbh just ignore that statement, its caused a lot of confusion and will have lost Halifax customers. I and many others just answered incorrectly to get past it.

10_66

Mr_K wrote: »

tbh just ignore that statement, its caused a lot of confusion and will have lost Halifax customers. I and many others just answered incorrectly to get past it.

Before receiving your reply, I rang up Halifax online helpdesk to explain what I wanted to do and was told that it shouldn't cause any problems.

skitskut

When redesignating from ISA Direct Reward 3 to ISA Direct Reward 4 and assuming conditions are met for the 0.2% additional interest which starts with opening ISA 3, is this what you'd expect?

(By conditions I mean paying £1000 a mth into current account and keeping at least a quid in ISA 3 / ISA 4 during this 0.2% additional interest period).

Feb '11 - Open ISA 3 and start the 12 month 0.2% additional interest period.
Mar '11 - Redesignate to ISA 4. This will begin 12 months at 3% but not restart the 0.2% period.
05 Apr '11 - Receive accrued STANDARD interest - 1 mth @2.8% and 1 mth @3% (but not any of the 0.2% additional interest).
Feb '12 - 0.2% additional interest period ends.
Mar '12 - Reward period for ISA 4 ends and ALL accrued interest is now paid (standard and additional).
05 Apr '12 - Receive any interest accrued since last interest payment.

rb10

10_66 wrote: »

I'm going to transfer an existing ISA to the Halifax ISA Direct Reward, and would prefer to do it online rather than on the 'phone. However, I'm a bit concerned that if I say that I haven't subscribed this year (when I have) that HMRC will think I'm trying to pull a fast one, instead of just trying to make Halifax's system accept an honest transfer. Is it something that's likely to get "checked" on, I wonder?

It is perfectly acceptable to say that.

As long as you stay within the rules (i.e. only deposit new money into the Halifax ISA if you are entitled to) then you will not have a problem.

skitskut wrote: »

When redesignating from ISA Direct Reward 3 to ISA Direct Reward 4 and assuming conditions are met for the 0.2% additional interest which starts with opening ISA 3, is this what you'd expect?

(By conditions I mean paying £1000 a mth into current account and keeping at least a quid in ISA 3 / ISA 4 during this 0.2% additional interest period).

Feb '11 - Open ISA 3 and start the 12 month 0.2% additional interest period.
Mar '11 - Redesignate to ISA 4. This will begin 12 months at 3% but not restart the 0.2% period.
05 Apr '11 - Receive accrued STANDARD interest - 1 mth @2.8% and 1 mth @3% (but not any of the 0.2% additional interest).
Feb '12 - 0.2% additional interest period ends.
Mar '12 - Reward period for ISA 4 ends and ALL accrued interest is now paid (standard and additional).
05 Apr '12 - Receive any interest accrued since last interest payment.

Nearly ... no interest will be paid in March 2012.

On 5th April 2012, you will receive:
- 0.2% interest from Feb '11 to Feb '12
- 3% interest from 6th April '12 to Mar '12
- whatever% interest from Mar '12 to 6th April '12