Halifax ISA 3.00% AER now available.

SG27

There's no option to fund this ISA on online banking so how do I fill it up on April 6? I tried ringing but stuck on hold for ages so gave up!

rb10

SG27 wrote: »

There's no option to fund this ISA on online banking so how do I fill it up on April 6? I tried ringing but stuck on hold for ages so gave up!

If the money's coming from another Halifax/Bank of Scotland account, then just use the 'Quick Transfer' box at the top of the 'My Accounts' page.

If it's coming from another bank, then set up a bill payment from that account, using the Halifax ISA's sort code and account number.

SG27

rb10 wrote: »

If the money's coming from another Halifax/Bank of Scotland account, then just use the 'Quick Transfer' box at the top of the 'My Accounts' page.

If it's coming from another bank, then set up a bill payment from that account, using the Halifax ISA's sort code and account number.

Ok thanks. That was my plan but thought there would be a more direct way as there always has been with my other ISA suppliers in previous years.

lisyloo

There's no option to fund this ISA on online banking so how do I fill it up on April 6?

You should be able to do a BACS transfer from any on-line or phone banking.
You just need the sort code and account number.
That's how I plan to do it.

Driving_Soon

I have just opened one of these accounts.

I have 2 ISA's currently with Barclays, so I've completed 2 ISA transfer forms and sent those off today!

So, am I right in thinking now ... everything is just simple and in a few days the money will go from my Barclay ISA's to my new Halifax one and then .. Come April 6th, I can just drop into my local Halifax branch and pay in a cheque every month til I use this years allowence up?

(I'm a newbie to all this changing lark! I've been with Barclays all my life and I've usually just done everything by transfering online)

opinions4u

Driving_Soon wrote: »

So, am I right in thinking now ... everything is just simple and in a few days the money will go from my Barclay ISA's to my new Halifax one

That's the idea. You have made yourself part of the seasonal rush so it is possible that there may be some minor delays.

and then .. Come April 6th, I can just drop into my local Halifax branch and pay in a cheque every month til I use this years allowence up?

You could. Alternatively use of Faster Payments / BACS online from your current account would be a good thing (or if it's a Halifax Reward account a transfer - remember that account can earn you £5 a month plus 0.2% extra on the ISA).

Driving_Soon

opinions4u wrote: »

That's the idea. You have made yourself part of the seasonal rush so it is possible that there may be some minor delays.

You could. Alternatively use of Faster Payments / BACS online from your current account would be a good thing (or if it's a Halifax Reward account a transfer - remember that account can earn you £5 a month plus 0.2% extra on the ISA).

Thanks for the very fast reply!!

kar999

Mrs Kar is a non taxpayer so we haven't normally bothered with Cash Isas in the past and she has 3 x £7k in Lloyds Vantage accounts earning 4% but we recently learnt that the limit in those will drop to £5k at 3% from 27th June. So she will need to find a home for £6k soon. She doesnt want the money tied up for 3-5 years so she's thinking of opening up this Halifax ISA this year now (with some of my "spare" money) and at least get the 3% locked in on £5100 of the £6k and see what's about next tax year in either savings a/cs or ISA's. (She is already an Halifax customer).

I know time is short but we only found out about Lloyds pulling the plug on the 4% tier of the vantage accounts yesterday. I've used my £10.2k already on S&S Isa's for 2010-11.

Does that make sense or is there a better instant saving accout for her paying more than 3%.

Thanks.

opinions4u

kar999 wrote: »

Does that make sense or is there a better instant saving accout for her paying more than 3%.

Makes sense to me - although you may prefer to do nothing for 2010/11 tax year while you're still getting the Vantage 4% and open the Halifax ISA on 6th April with £1 and top it up on 27th June. A Halifax Web Saver Reward may also be worthwhile for any surplus funds as it pays the same rate as the ISA.

Alternatives? Santander and Barclays had ISA rates over 3% last time I looked (but top the complaints league!) and West Bromwich Building Society 3.01% on a non-ISA easy access account.

jennifernil

For Halifax customers (if they have a qualifying account) the ISA 4 will pay 3.2%, so slightly better than the Websaver Reward.