Closing a Halifax Fixed Isa Early

Helene87 · 2015-11-09 14:59:48

Hello, I'm hoping that someone will be able to offer me some advice on this... I'm (hopefully) buying a house within the next few month. I wasn't really planning on buying a property this year, but an opportunity came up which I did not want to miss out on. However, in order to make the deposit, I'm going to have to shut…

Options

Comments

Westie983 Posts: 5,213 Ambassador

22 November 2015 at 11:58PM
Options
Just to clarify the above information is correct, you get given the interest paid daily upnto the day you close it, you are then charge the 90 days lost of interest off this figure, so you wont have earned enough interest in the account to cover the charge, unless its been 90 days, so you will lose some of the capital invested.

You can close this over the counter, at the branch and the interest is applied and charge deducted.

I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%

Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%

Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%

Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%

£2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%

The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%

Total £4095.19/£7332.95 = 55.84%

0

This discussion has been closed.

★ ★ ★ Meet your Ambassadors

MSE News

Double glazing firm Everest falls into administration – your installation and warranty rights explained
Home improvement and double glazing company Everest has stopped trading after falling into administration.
Sainsbury's shopper? Check if you can get an easy Nectar points boost with its new offer
If you have a Nectar card, you may be able to earn a few quid's worth of extra points this month, as Sainsbury's is running a limited new promotion for millions of shoppers.
Subway customer? Use or lose your loyalty scheme points TODAY before shake-up – here's what's happening
If you're a Subway Rewards member, you have until 5pm on Tuesday 14 May to spend any points you've built up – or lose them entirely.
Cheap energy deals for switchers could be back soon after Ofgem ends ban - Martin Lewis says it's "better late than never"
Rules that prevent energy firms from offering cheaper deals to new customers could be scrapped in October, paving the way for you to cut your bills by switching supplier. Martin Lewis has said that this move is “better late than never” and is much-needed to fix the broken energy market.
Santander to cut rate on popular 5.2% easy-access savings account next week – should you switch now?
Santander is cutting the rate on its popular easy-access savings account from 5.2% to 4.2% on Monday 20 May. But you can easily beat the new 4.2% rate by switching elsewhere.
Subway customer? You've got until TOMORROW to use your loyalty scheme points before shake-up – here's what's happening
If you're a Subway Rewards member, you have until 5pm on Tuesday 14 May to spend any points you've built up – or lose them entirely.
Tesco shopper? You've got three weeks left to spend £17 million of expiring Clubcard vouchers – or extend them with our trick
If you've got a Tesco Clubcard, check when your vouchers are due to expire as there are just three weeks left to spend or extend nearly £17 million-worth before they run out on Friday 31 May.
Sainsbury's shopper? Check if you can get an easy Nectar points boost with its limited new offer
If you have a Nectar card, you may be able to earn a few quid's worth of extra points this month, as Sainsbury's is running a limited new promotion for millions of shoppers.
Bank of England holds base rate at 5.25% again – but with a cut now on the horizon, what does it mean for your mortgage and savings?
The Bank of England has held the base rate at 5.25% for the sixth time in a row. But there are now stronger signs that a rate cut might be coming soon – which could have a knock on impact on mortgage and savings rates.

View All

Closing a Halifax Fixed Isa Early

Comments

Categories

Get our FREE Weekly email full of deals & guides - and it’s spam-free