3% ISA for Halifiax

Gromitt

cathh70 wrote: »

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

Weird thing is that it says "Available until 5th April".

So what are they going to do on the 6th April I wonder...

System

Gromitt wrote: »

Weird thing is that it says "Available until 5th April".

So what are they going to do on the 6th April I wonder...

Probably offer a better rate.

Last year I lost a lot of faith with the halifax. As an existing ISA customer, they wrote to me offering a 2 year fix at 3.7%. They had just dropped the rate of all the fixes, but offered the 2 year fix as a 'special existing customer offer' (It was higher than the 3-5 year fixed rates on offer and higher than the 2 year fixed rate available to new customers which If I remember was around 3%). So I thought I had better grab it. The offer ended at some point in early march.

Would you believe it, but the day after this offer expired, the 3 year fix went back up to 4% and the 2 year at 3.7%, but available to new and existing customers.

So, Ok I didn't lose out on the 2 year, but they coaxed me into grabbing the fix by artificially dropping all the rates for a couple of months and offered a better rate for existing customers and of course I missed out on the 4% 3 year fix.

I won't be jumping the gun again!

Gordon_the_Moron

The 3 year fix currently pays 3%, are you sure that isn't what the poster was for? I really hope Halifax don't offer 3%, I hope someone else does instead, I really don't want to have to deal with those f***wits ever again after previous experience but I won't sacrifice a top rate for customer service.

sheslookinhot

Ready to open an ISA for 2012/2013 tax year and thanks to this post, OP and contributors :T, I realise I can add to our LTSB FRISA at 3.7%. Thought a fixed rate was for a single deposit at time of opening.

Will add another £5k or so in April for next tax year's contribution.

Gordon_the_Moron

Normally fixed rate accounts are for single deposits, Lloyds TSB is as far as I know the only exception that lets you carry on paying in for the life of the account. It obviously has withdrawal penalties like other fixes though so unless you can leave the money in until the end of the deal, don't use it.

Currently none of the Lloyds TSB fixes beats the top paying instant access accounts so I wouldn't recommend anybody opening new ones at the moment.

Meadows

ISA Saver Fixed
5 years 3.10% tax free/AER
4 years 3.05% tax free/AER
3 years 3.00% tax free/AER
2 years 2.50% tax free/AER
1 year 2.05% tax free/AER

No withdrawals allowed. Early closure or transfer out permitted. Closing your account early will result in the loss of an amount equivalent to:
1 year term – 90 days’ tax free interest
2 year term – 180 days’ tax free interest
3 year term – 270 days’ tax free interest
4 year term – 320 days’ tax free interest
5 year term – 365 days’ tax free interest
This amount will be taken from the amount you put into your ISA Saver Fixed and therefore you may get back less than you deposited.

ISA Saver Variable 1.75%
ISA Saver Online 1.95%

Scarpacci

Does anybody know whether you can open this ISA only with the transfer of a previous year's allowance? I'm having a 'simple' moment right now. It requires a £500 min deposit and says in the tax year 2012/13, so does that mean you can't just transfer in 'old' money?

Gordon_the_Moron

I've opened Halifax ISAs before with only transfers when they had a minimum £x deposit, you had to do it in branch though, the online application process required you to make a deposit, which without breaking ISA rules and risking getting yourself in the soft brown stuff you couldn't do.

Hope that helps :-) x

MoneySaverLog

Gordon_the_Moron wrote: »

Currently none of the Lloyds TSB fixes beats the top paying instant access accounts so I wouldn't recommend anybody opening new ones at the moment.

It was not the best deal at the time when the 3.7% account came out there was a red spanish bank offering 4.1% if some golfer won a major. But not a big fan of theirs and liked the option to add to the ISA in following years so went with Lloyds TSB.

Gordon_the_Moron

MoneySaverLog wrote: »

It was not the best deal at the time when the 3.7% account came out there was a red spanish bank offering 4.1% if some golfer won a major. But not a big fan of theirs and liked the option to add to the ISA in following years so went with Lloyds TSB.

I can see the appeal of having an account that allows extra deposits later, even if it means a lower rate, however at this point in time none of Lloyds TSB's fixes offer a rate that beats the best instant access so I see little point.

The red Spanish Bank are great