3% ISA for Halifiax

lovingtescoforever

I saw some posters in my local branch for this rate however when asked them they said it isn't live yet the offer, and that they had the promotion posters sent early.

So more of a heads up

Probably the end of the month.

marathonic

Good to know!!!! Probably a mistake locally to put the posters up!!! Hopefully, other banks will get wind of it and start printing 3.1% posters

lovingtescoforever

marathonic wrote: »

Good to know!!!! Probably a mistake locally to put the posters up!!! Hopefully, other banks will get wind of it and start printing 3.1% posters

I hope so! She took the poster away so I didn't have time to snap a picture:p

tofu

That would be completely against the trend, and unless there is something in the small print that means the 3% figure is merely a gimmick (on your first £500, for six months only including 2.9% bonus), I am afraid I don't believe it. Maybe she accidentally put up a poster from two years ago?

Eponym

That would be good news! My current ISA with them is 3%.

opinions4u

I bet that's a longer term fixed rate ISA.

Hominu

opinions4u wrote: »

I bet that's a longer term fixed rate ISA.

I agree. Something like "3.00% tax free/AER* ISA" in big bold letters.

then in smaller letters near the bottom of the poster:

* fixed rate for the 5 year term. Withdrawal by closure only. Fees apply for early closure. See in store for details. We might use your details in an attempt to sell you other crap you are not interested in. By applying for this product, you agree to these terms.

YoungSaver20

This may be a very stupid question but it is something I have always wondered.

I suspect the answer is no but if I took a 2 year ISA account, would I be able to add the ISA allowance for each of the two years?

opinions4u

YoungSaver20 wrote: »

This may be a very stupid question but it is something I have always wondered.

I suspect the answer is no but if I took a 2 year ISA account, would I be able to add the ISA allowance for each of the two years?

In the case of Lloyds TSB, yes.

In the case of other fixed rate cash ISAs that I'm aware of, no. But you can fund another cash ISA in the subsequent tax year.

YoungSaver20

ahhh, of course. It has always been the reason that I have chosen 1 year fixed terms because I thought you couldn't add the ISA allowance for the 2nd, 3rd or 4th year etc.

I guess I never thought of funding the ISA in another account, makes me regret not taking the 7 % fix for 5 years in the Halifax back in 2008.

cathh70

According to link to Halifax website (from Moneysupermarket) it is a 3 year fix :

http://www.halifax.co.uk/savings/accounts/cash-isas/isa-saver-fixed/?WT.mc_id=94294660