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Halifax direct reward ISA

245

Comments

  • cing0
    cing0 Posts: 431 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    JohnB47 wrote: »


    Are you saying that I can log into my Halifax ISA account and transfer money in from, say, my HSBC account by BACS?

    No, other way around. Login to your HSBC account online and make a payment (via BACS) entering your Halifax direct reward sort code & account number.
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    JohnB47 wrote: »
    Thanks for clarifying but the Halifax site doesn't actually say anything about how to pay new money by BACS (if you don't have another Halifax account, that is). All it says is "Easy access: you can manage your account and make deposits in branch. View your savings online 24/7 and transfer money between your own Halifax accounts." It says elsewhere "Access by telephone, or online (transfer money between your own Halifax accounts, view balance and recent transactions). Deposits can be made in branches."

    So I took that to mean new deposits and withdrawals must be done at a branch.

    Are you saying that I can log into my Halifax ISA account and transfer money in from, say, my HSBC account by BACS?
    Deposit: In branch. Or from your own bank via an online transfer (pushed out of your HSBC account, not pulled in by the Halifax account).

    Withdrawals: By telephone. Or online by transferring to Halifax Web Saver Reward (open with £1) or any Halifax current account - then BACS / Faster Payments it on to HSBC or wherever else you want it to go. Branch withdrawals are not available.
  • JohnB47
    JohnB47 Posts: 2,690 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Thanks cinq0 and opinions4u.

    That's clear now - must write that on my paperwork for future reference!
  • Jessycat
    Jessycat Posts: 145 Forumite
    rb10 wrote: »
    Yes, they are different accounts.

    He can change the account to the ISA Direct Reward by putting his account details at www.halifax.co.uk/isaupgrade.

    He should make a diary note for a year's time to review the account again, as the high interest rate only lasts for a year.

    Oh brilliant, thank you so much for that. I didn't think existing customers would be able to do that. I've just completed my form for my own ISA with Halifax as I've been 'robbed' with 0.5% for not paying close enough attention.
    Debt free other than a mortgage but still always wanting to save money :j.

    Busy saving for my wedding July 2014 :o.
  • Jessycat
    Jessycat Posts: 145 Forumite
    Halifax ISA Saver Direct pays 0.5%.

    I assume that's the account your father holds.

    That's what I concluded after some further research. My own ISA is that too so I've just completed the redesignation form online.

    Thanks.
    Debt free other than a mortgage but still always wanting to save money :j.

    Busy saving for my wedding July 2014 :o.
  • rb10
    rb10 Posts: 6,334 Forumite
    Jessycat wrote: »
    I didn't think existing customers would be able to do that.

    From their ISA Promise:
    3. All cash ISAs will be available to all customers, new and existing.

    So you'll be able to do the same thing in future years as well (assuming that Halifax are still the most competitive then).
  • roxy28
    roxy28 Posts: 670 Forumite
    Ninth Anniversary
    My ISA direct reward 12 month was up on the 7th may and i gave instructions on the 4th over the phone to carry over to a new one 3%,told there is a backlog and it could take some time,it now shows online as ISA saver direct 0.5%.i think its a poor show for a internal ISA transfer,i could understand it more from 1 bank to another.
    :T
  • tanith
    tanith Posts: 8,091 Forumite
    Part of the Furniture Combo Breaker
    Can someone who has the Halifax Direct Reward Isa tell me please as I want to take out one of these and transfer previous years, by what method do you withdraw or deposit into or out of the acc.. I don't have any other Halifax acc and I assume there is no passbook with these accounts so do you just fill in a paying in slip at the counter ? how about withdrawals? So glad I read this thread as I assumed wrongly I'd be able to set up a DD into the ISA from my Santander acc.. I don't have a branch that closeby so its going to be a pain to have to go to a branch each time..
    #6 of the SKI-ers Club :j

    "All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke
  • mollycat
    mollycat Posts: 1,475 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    rb10 wrote: »
    Yes, they are different accounts.

    He can change the account to the ISA Direct Reward by putting his account details at www.halifax.co.uk/isaupgrade.

    Hi.
    Just so im clear, can i use the above link to transfer from Direct ISA Reward 3 (2.8 %) to the Direct Reward 4 (3%)?

    Thank you :)
  • jcb208
    jcb208 Posts: 774 Forumite
    Part of the Furniture 500 Posts Combo Breaker Mortgage-free Glee!
    Just transfered funds into a halifax isa direct account from santander and the rate of interest is showing as 0.5% not 3%.Is this normal and will it change as dont really want to get on the phone to them.Thanks
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