Halifax ISA Direct Reward 20 August 2011 at 8:58PM in ISAs & tax-free savings 5 replies 986 views

MrFusion

I opened the Halifax Direct Reward ISA in January, and I should get the additional interest rate reward of 3.20%. I was just wondering if on the online banking page under 'View interest rate and account details', I should see the interest rate as 3.00% or 3.20%? At the moment its showing 'Interest rate: 3.00% Gross pa'.

YorkshireBoy

3.00% is correct.

talexuser

The bonus part is not shown on the webpage, you can phone and get confirmation you are registered for the bonus.

opinions4u

3.00%.

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

The additional interest will be calculated and paid together with your standard interest on your next interest payment date following the 12 month reward period. As this additional interest is calculated after 12 months, you will see the standard variable interest rate that applies to your savings account when viewing online.

MrFusion

Ah ok, thanks very much for explaining that for me.

BigAndy_79

You need to maintain your £1000 or more payments into the current account or hold an URCA for the 12 months you have the ISA for. An interest adjustment will be paid and you will get the additional interest at the end of the 12 months...