Halifax ISA 3.00% AER now available.

glider3560

Svenena wrote: »

If the extra 0.2% is only paid after a year, does that mean you have to keep the ISA for a whole year in order to get it? Or if, for example, a much better ISA became available elsewhere after six months, and I switched, would the extra (0.2%) interest be paid up to the date of switching?

Transfer everything except £1, then transfer this when the interest has been paid.

datostar

glider3560 wrote: »

Transfer everything except £1, then transfer this when the interest has been paid.

You can only transfer current year ISA's in their entirety. Only previous years' ones can be partially transferred.

rb10

datostar wrote: »

You can only transfer current year ISA's in their entirety. Only previous years' ones can be partially transferred.

That's fine - so you transfer the whole of the current year's allowance, and all except £1 of your previous years' allowances.

10_66

In recent years', this is the fastest ISA transfer I've experienced. Opened Direct Reward ISA online on the 5th, Halifax confirmed they received the transfer form on the 9th, money in the account from Barclays on the 14th.

As the account was showing the 14th (and should've been the 9th as that's the date they had the transfer form), I checked with Halifax and they said they had an automatic note on file that details had been sent to the transfer department to change the date from the 14th to the 9th.

Svenena

rb10 wrote: »

That's fine - so you transfer the whole of the current year's allowance, and all except £1 of your previous years' allowances.

Thanks for this. So it's a bonus for holding the ISA for a year? Could someone please post a link to the T & Cs relating to the extra 0.2% - I'm not sure where to find them. It doesn't make it very clear on the website that you have to hold the account for a year to get the bonus.

I probably won't be transferring it anyway, but I'd like to make sure I have all the details just in case. I'm only transferring my current (2010/11) ISA into the Halifax ISA, new money is going elsewhere, so a partial transfer wouldn't be an issue if necessary.

10_66 wrote: »

In recent years', this is the fastest ISA transfer I've experienced. Opened Direct Reward ISA online on the 5th, Halifax confirmed they received the transfer form on the 9th, money in the account from Barclays on the 14th.

Excellent, I hope mine will be this quick. I took my transfer form into a branch yesterday.

opinions4u

http://www.halifax.co.uk/savings/rewards/

Offer conditions.
Additional 0.20% AER/gross pa fixed for 12 months, calculated and paid separately after the end of the 12 month period in respect of each qualifying variable rate savings account held with us.

Stompa

I seem to have just been switched over to the new layout. My ISA Direct Reward 4 account is showing up, but there doesn't seem to be any mechanism allowing you to make a withdrawal - am I missing something?

(I don't actually want to make a withdrawal right now, but would like to ensure that the facility is available just in case)

ffotogirl

My head is swimming with all this ISA information! I've been meaning to change my ISA for absolutely ages but keep getting overwhelmed and giving up... meaning I'm currently wasting my allowance in a rubbishy Principality account at a dismal rate.

I was all set to change to the new Halifax ISA but when I went in there the staff member I spoke to told me I would also need to open a Halifax current account in order to transfer money in and out of the ISA. Is this true?

With the Principality I'm used to dealing with a passbook and going into the branch to make deposits & withdrawals. I like this system and would stick with it if I could but the only other place I know that uses a passbook is Monmouthshire Building Society and the rate isn't great. I don't mind having an ISA I deal with online but really don't want to open another current account just to use it. I know I sound like someone's Nanna (!) but I really do like to keep things as simple as possible and don't really want to have to remember another set of log in details & passwords.

glider3560

ffotogirl wrote: »

My head is swimming with all this ISA information! I've been meaning to change my ISA for absolutely ages but keep getting overwhelmed and giving up... meaning I'm currently wasting my allowance in a rubbishy Principality account at a dismal rate.

I was all set to change to the new Halifax ISA but when I went in there the staff member I spoke to told me I would also need to open a Halifax current account in order to transfer money in and out of the ISA. Is this true?

With the Principality I'm used to dealing with a passbook and going into the branch to make deposits & withdrawals. I like this system and would stick with it if I could but the only other place I know that uses a passbook is Monmouthshire Building Society and the rate isn't great. I don't mind having an ISA I deal with online but really don't want to open another current account just to use it. I know I sound like someone's Nanna (!) but I really do like to keep things as simple as possible and don't really want to have to remember another set of log in details & passwords.

You don't need a current account to transfer money. Halifax can transfer money to another account elsewhere (over the phone) if you provide account details.

Deposits can be made in branch (if you prefer). You won't get a passbook, but they will provide a receipt for each deposit. You simply need the account number and sort code to make a deposit.

Online isn't mandatory either - although I'd personally not be able to live without it!

If you don't get any luck in a branch, give Halifax a call or open the account online. You'll probably be asked to take ID into a branch anyway if you choose one of the latter options.

Optimist

Stompa wrote: »

I seem to have just been switched over to the new layout. My ISA Direct Reward 4 account is showing up, but there doesn't seem to be any mechanism allowing you to make a withdrawal - am I missing something?

(I don't actually want to make a withdrawal right now, but would like to ensure that the facility is available just in case)

I dont think you are missing anything. Mine only shows facilities for transferring in although that might be because I haven't funded it yet, am awaiting transfer in. I am betting if you wish to make a withdrawal you are going to have to phone up.

Trouble with Halifax you cant send a mail asking the question as they either hide the addresses very well or just don't have email facility,which I do find irritating