Halifax ISA where to now?

opinions4u

Suarez wrote: »

Can I ask them to change it to the 3% ISA

Yes you can.

or will they do it automatically?

Unless pigs have started to fly, no chance!

Ifts

Mr_K wrote: »

Tomorrow Halifax are rumoured to be increasing the rate of their instant access Online ISA Saver to 3%, Santander are said to be offering a 3.3% account.

Santander overshadows Halifax with THREE best buy Isas paying up to 4%

Read more: http://www.thisismoney.co.uk/money/saving/article-2110522/Here-come-big-guns-Santander-overshadows-Halifax-THREE-best-buy-Isas.html#ixzz1oGfNnLBZ

Mr_K

Suarez wrote: »

I transferred my ISA to Halifax in December and the rate was 2.6%.

Can I ask them to change it to the 3% ISA or will they do it automatically?

I transfered my Direct Reward ISA to the Online Saver on Friday (2.6%), showed up on online banking ok. Today its showing as an Online Variable ISA with a rate of 2.4% :mad: what's going on ? Is this temporary ? Some communication from Halifax would be nice.

SORTED - after yet another phone call (isn't it supposed to online banking ?) For some reason they messed up. If you converted to the ISA Saver Online on Friday, double check what rate you're getting now.

Mikeyorks

Mr_K wrote: »

SORTED -.

Hopefully to the 3% version?

Mr_K

Mikeyorks wrote: »

Hopefully to the 3% version?

yes, today anyway, god knows what it'll turn into tomorrow....

Mandelbrot

Mr_K wrote: »

I transfered my Direct Reward ISA to the Online Saver on Friday (2.6%), showed up on online banking ok. Today its showing as an Online Variable ISA with a rate of 2.4% :mad:

Interesting ...
Since no such product existed at Halifax either last week OR this week!

Last week :
ISA Saver Online 2.6%, ISA Saver Variable (Branch/phone) 2.4%

This week :
ISA Saver Online 3.0%, ISA Saver Variable (Branch/phone) 2.75%


Those computer systems at Halifax must be a real mess!

MoneySaverLog

Suarez wrote: »

Can I ask them to change it to the 3% ISA or will they do it automatically?

opinions4u wrote: »

Yes you can.

Unless pigs have started to fly, no chance!

I wonder how many people leave their money at the end of the term earning silly low rates of interest instead of transferring or redesignating.

I suppose at least Halifax/Lloyds are supposed to write out and tell you at the end, but I'd still diarise the dates and switch.

Suarez

All sorted. Phoned them up and asked them to change me to the 3% rate. Took 10 minutes

Deru

MoneySaverLog wrote: »

I wonder how many people leave their money at the end of the term earning silly low rates of interest instead of transferring or redesignating.

Every year, you see people moaning on here at the start of the new tax year about getting £50 interest instead of £300 interest or something because they didn't bother to check.

Then there'll be those who don't visit this forum...so quite a lot. The banks must save millions from these people each year so no wonder they're all at the 1 year bonus offers.

I suppose at least Halifax/Lloyds are supposed to write out and tell you at the end, but I'd still diarise the dates and switch.

Is this a new rule? I hope so. Think I've only ever gotten a reminder for a savings rate drop once. That was from the Post office for one of their savings products, which I was quite surprised about.

I have all my dates in a spreadsheet but it'd be good for those who don't.

Does anyone know if the .2% bonus for rewards customers would be paid if I redsignated now or do I have to wait the full year?

aliasojo

Deru wrote: »

Does anyone know if the .2% bonus for rewards customers would be paid if I redsignated now or do I have to wait the full year?

I was under the impression you had to wait the full year to get the bonus.

My halifax ISA comes to an end on 30th March so will wait until then to switch I think.