Cash ISA - previous years transfer question

veryintrigued

Sorry people another daft question.

I have already taken the full £5340 cash ISA allowance up for 2011/2012 in a Santander ISA.

I have an amount held in a Principality eISA issue 2 paying 2.8%. I see that the highest Cash ISA currently which allows transfers in from previous years is HBOS (3.2% as I am already a member).

Hence my question because I already have one ISA for 2011/12 am I allowed to open a second to solely transfer previous years?

Cheers in advance all - I thought I had these ISAs sorted!

Lokolo

You can open as many ISAs as you want. You can only subscribe, which is to put new money into one each tax year - which you have with Santander.

Therefore you can open the Halifax one, you should follow these instructions

http://www.halifax.co.uk/savings/accounts/cash-isas/transfer-your-isa/

veryintrigued

Interestingly the link on this website states that the HBOS best ISA is 3.2% for existing customers. http://www.moneysavingexpert.com/savings/best-cash-isa

Yet when I log onto view my Halifax accounts the most likely cash ISA I am offered is the ISA direct reward (which I assume is the account in question) and this is quoting 3.0% rate - i.e. makes no mention of the 0.2% loyality bonus.

Can anyone point out which stupid oversight I am performing?

Edit - just seen the Halifax Direct ISA thread and I can confirm I only hold a Liquid Gold Account and a ISA Investor Stocks and Shares accounts. Hence does this mean I am not entitled to the extra 0.2%?

Lokolo

veryintrigued wrote: »

Interestingly the link on this website states that the HBOS best ISA is 3.2% for existing customers. http://www.moneysavingexpert.com/savings/best-cash-isa

Yet when I log onto view my Halifax accounts the most likely cash ISA I am offered is the ISA direct reward (which I assume is the account in question) and this is quoting 3.0% rate - i.e. makes no mention of the 0.2% loyality bonus.

Can anyone point out which stupid oversight I am performing?

Edit - just seen the Halifax Direct ISA thread and I can confirm I only hold a Liquid Gold Account and a ISA Investor Stocks and Shares accounts. Hence does this mean I am not entitled to the extra 0.2%?

Correct.

The account is here:

http://www.halifax.co.uk/savings/accounts/cash-isas/isa-direct-reward/

Hit the Rewards Tab

As a current account customer, you can have an extra 0.20% AER with a range of our variable rate savings accounts - it’s our way of saying ‘thank you’.

To qualify for these great deals all you need to do is:

Pay £1,000 or more into your current account each month OR
Hold an Ultimate Reward Current Account OR
Switch your current account to us using our dedicated Switching Service and pay in £1,000 or more each month or open an Ultimate Reward Current Account

veryintrigued

Many thanks for the clear and concise response Lokolo I appreciate you taking the time and effort.

For ease I will use a nationwide account to help me get 3.1% on their offering.

Thanks again