Barclays "Everyday Saver" vs. "E-Savings Reward"

droopsnoot

Jew wrote: »

but what do you mean about the new money? I don't have that much money to transfer, a few thou.

You cannot transfer an existing ISA into a Barclays ISA to get a better rate. The terms of the Barclays ISA are that it can only be new ISA investment, not transfers from an existing ISA. Good for using this years ISA money, but not for improving existing ones.

I transferred a couple of old Barclays ones to a new Nationwide ISA, I can't remember the rate though, just that it was better than the 0.1% I was getting.

FinancialindependentIN6

yes you can tfr money in to it. The rate is good for a year. so stick a reminder in you calander. the best tfr Isa I know is around 3.2% halifax do it but there are others.

Jew

Thanks.

Can I open a savings account with Halifax without having a current account? (And never have to open one.)

Gromitt

You can, but if you open the current account as well, you'll get an extra £75/year gross in interest.

Jew

Gromitt wrote: »

You can, but if you open the current account as well, you'll get an extra £75/year gross in interest.

Ah, what do you mean?

I'm happy with my current current account :P

Gromitt

You don't have to switch, keep everything in your current current account and just use the Halifax account for the free cash. They'll give you £6.25 gross each month you deposit 1K, even if that funding comes from a Halifax savings account and goes back in the same day.