2 Halifax ISA's into 1 new one?

mitchybenny

Hi,

I currently have 2 cash ISA's with Halifax (1 x 2yr ISA which has finished now, and also 1 x 1yr ISA that has also just finished).

Can someone tell me how I would go about transferring them into 1 new ISA for this year with Halifax?

I see endless amounts of info and help on their site about transferring from a different bank but nothing to say how to transfer from old Halifax ISA's to a new 1.

Thanks in Advance.

psychic_teabag

I assume the fixed ones turn into variable-rate on maturity. There is an online form to redesignate a variable-rate ISA into another (variable or fixed rate).
http://www.halifax.co.uk/savings/accounts/cash-isas/ISAoptions/

If you are happy to have two accounts, you could just redesignate them both. You could add this year's allowance to one first, if you wanted.

Sorry, I'm not sure what you'd have to do if you do want to merge them into a single account.

MoneySavingUser

To merge them you'd need to do an internal transfer - I don't think this can be done online - probably best to try telephone banking

pinkdalek

mitchybenny wrote: »

Hi,

I currently have 2 cash ISA's with Halifax (1 x 2yr ISA which has finished now, and also 1 x 1yr ISA that has also just finished).

Can someone tell me how I would go about transferring them into 1 new ISA for this year with Halifax?

I see endless amounts of info and help on their site about transferring from a different bank but nothing to say how to transfer from old Halifax ISA's to a new 1.

Thanks in Advance.

Contact them either in branch or over the phone and they can transfer them into one for you. Under no circumstances do it yourself as it would be classed as using this year's allowance.

If you are looking to fix them both under the same terms why not just leave it as it is and have two separate fixed ISAs on the same rates. The reason for me saying this is if something happened and you need to access it you would only be closing one ISA and losing interest on that rather than closing and losing the entire single ISA with the combined funds.