Halifax ISA Direct Reward extra .2% question

Comfortably_Numb

Mrs CN received the 3.7% letter last month, and sent it off yesterday. I didn't get one, but rang them this morning, and they have given me the 3,7% too. No problems at all. It is available until 1st March for those receiving letters, and members of the household.

savemoney

Both myself and daughter got the 3.7% for 2 years letter a few weeks back but my wife didnt. I look after 3 isa's

I am not sure what to do. Looking for a good deal but short term fix maybe 3 years tops

talexuser

3.7 for 2 years is a good deal now.

Nobody can predict the future but these base rates have got to last for at least another year and beyond. 3 years is a bit harder to guage, there might be another credit crunch, flak from Greece defaulting, or our can kicking down the road might come home to roost in an asset collapse. If inflation is REALLY on a slight downward path (if you can believe the always wrong so far BOE predictions) it looks an even better deal.

savemoney

Just rang Halifax the offer of 3.7% is now 3.5%. I thought I had the offer too but it was just a letter to say my old offer is ending, I hadn't opened the letter as I wrongly assumed it was same offer my daughter got. I am not sure why Halifax only offered her that offer and not me and the OH. She does have more in her isa but not a huge amount.

I am not sure Halifax will give me and OH same offer I will ask in branch

savemoney

I just noticed it says you cant make any additional deposits or make any withdrawals during 2 year term without a loss of interest to 180days

Strange for a isa that you can't make any deposits fair enough withdrawals

No good for us then might as well call it a tax free bond

savemoney

RBS seem to give a good 2 year fixed for new customers and allow transfers in

http://www.rbs.co.uk/personal/savings/g2/isas/fixed-rate-isas.ashx#tabs=section2

NEW preferential interest rates available in addition to our standard interest rates if you transfer your cash ISA from another provider (excluding RBS or NatWest) into one of our 1 year (3.35% AER), 2 year (3.90% AER) or 3 year (4.20% AER) Fixed Rate ISAs
Standard interest rates: 1 year (2.60% AER), 2 year (3.50% AER) or 3 year (3.80%)
You will earn interest equivalent to our variable cash ISA rate up until the start date of your Fixed Rate ISA - 4 April 2012
Save between £1,000 - £5,340 in your Fixed Rate ISA this tax year
Apply from 1st February - 29th February 2012. Limited offer - may be withdrawn at anytime
Transfers in allowed - bring all your cash ISAs together in one place
Early closure will result in an interest charge

2010

Anyone who got the Halifax letter offering the 2 year fixed at 3.7% has until the 1/3/12 to take up the offer.

Any other member of the household can phone the number and do the same but you must tell them that someone in the household has had the letter offer.

savemoney

RBS seems better deal plus you can add to it unlike the Halifax which seems more restrictive

opinions4u

savemoney wrote: »

RBS seems better deal plus you can add to it unlike the Halifax which seems more restrictive

According to the RBS web site:

Top ups - are allowed up until 28 March 2012 to ensure you maximise your current tax year’s allowance before the start date. No additional deposits are allowed after this date.

Because RBS pay a paltry rate up to 4th April, if you opened an account today you'd accrue less interest up to 16th Feb 2014 with RBS at 3.90% than you would with Halifax (on the 3.7% referred to above).

savemoney

Yes I missed the cant pay anything in after march 28th thanks

Back to drawing board for looking for a fix rate for 2-3 years but still able to pay in I can lock money up for that period