Halifax ISA --> NS&I

robp

Hello All,

With around £6k in my Halifax ISA @ 5.25% and April fast approaching, I'm thinking about moving this to NS&I with their nice 5.8%.

Also, my wife is going to open her first ISA this month.

Any thoughts on this plan please?

If Halifax were to match NS&I, I'd stay with them.

As the sum invested grows though, I'm becoming more of a rate chaser!

Cheers,

Rob

[Deleted User]

Unfortunately Rob, the NS & I ISA does not accept transfers in, so unless things change you will have to wait until the new tax year, and make a new deposit using your new year allowance. I am assuming you have already deposited into an ISA this tax year.

Your wife can open an NS & I ISA though, as a new starter, and also add to it in the new tax year.

Ian_W

Halifax along with several other banks like A&L haven't indicated whether they're going to put rates up following the BoE rate rise. If they don't, Yorkshire BS have indicated they will pass on the rise in full to all none fixed rate savings accounts on 1/2/07 so you could transfer to them.
Their e-ISA will be paying 5.65% and their 30 day notice ISA will be 5.75% - if A&L don't pass on all or most of the rise that's where mine and Mrs W's will be going.

StevieJ

Their e-ISA will be paying 5.65% and their 30 day notice ISA will be 5.75% - if A&L don't pass on all or most of the rise that's where mine and Mrs W's will be going.[/QUOTE]


Same here.

dparky

Halifax usually raise their rates at the beggining of the new month after the BoE rise.

david78

Halifax like to put there rates up at a different time to everyone else as they like to make a "song and dance" about how wonderful they are. Lots of posters up in branches etc; singing emplyees on the TV ads. So to give them time to arrange this they wait a few weeks. Expect news at the end of January.

robp

Thanks All.

Wife has opened her NS&I and now I've done the sums, I suspect my money will go there also (however looking into the YBS now too!).

So many choices!