halifax direct reward

james3333

ok people, i have had a halifax direct reward ISA for this last year 2010-2011 and obviously its coming to a very abrupt end soon and dropping to 0.5% so i want to 're-new' it with halifax for the up coming year, can this be done online or do i need to phone them? if so how can i do it?
ta

McKneff

You need to contact them and let them do the transfer the funds to another ISA. Dont do it yourself.

beecher2

Use this link
http://www.halifax.co.uk/savings/accounts/cash-isas/ISAoptions/default.asp
I used it on Monday and it is redesignated today

james3333

beecher2 wrote: »

Use this link
http://www.halifax.co.uk/savings/accounts/cash-isas/ISAoptions/default.asp
I used it on Monday and it is redesignated today

cool, thanks for this, but is it too soon to do it now, i want the full interest right up to 5th april?

beecher2

It depends when your rate falls to 0.5%. Mine was due to do so next week. My interest was added yesterday, but I won't lose out as the interest from now until 5 April will simply be added next year instead. If you have the 0.2% bonus things might be different though?

james3333

beecher2 wrote: »

It depends when your rate falls to 0.5%. Mine was due to do so next week. My interest was added yesterday, but I won't lose out as the interest from now until 5 April will simply be added next year instead. If you have the 0.2% bonus things might be different though?

yeh, i have to .2% bonus, so might just hang on til 5th, then i can be assured of the full amount.
thanks for the link tho!

Mikeyorks

james3333 wrote: »

yeh, i have to .2% bonus, so might just hang on til 5th, then i can be assured of the full amount.

But the current rates may not still be available on the 5th April?

If you're re-designating it then the account details don't change and your 0.2% remains valid.

emeraldbugle

beecher2 wrote: »

Use this link
http://www.halifax.co.uk/savings/accounts/cash-isas/ISAoptions/default.asp
I used it on Monday and it is redesignated today

Did you use it yesterday?

beecher2

emeraldbugle wrote: »

Did you use it yesterday?

Been a day ahead of myself all day - I should have said that I used it on Sunday, and it was updated this morning when I checked. Sorry about that.

emeraldbugle

beecher2 wrote: »

Been a day ahead of myself all day - I should have said that I used it on Sunday, and it was updated this morning when I checked. Sorry about that.

No worries, I just wondered as I did mine yesterday and it hadn't been re designated yet. Maybe tomorrow then!

emeraldbugle

emeraldbugle wrote: »

No worries, I just wondered as I did mine yesterday and it hadn't been re designated yet. Maybe tomorrow then!

Yes it was done when I logged on this morning. :T

I don't know why they don't have the link on the ISA homepage.