Isa help

Sncjw

Hi

I used to have an isa account with Halifax and because I didn’t use it much it went to their really poor rate. I moved it over to nationwide for better rate. It’s a help to buy isa and I didn’t really put anything in that year I opened it. Anyways I started to put money in during the last tax year. I’ve been paid interest on it in jan as that’s the anniversary of opening it. I went to the Halifax branch to close the old isa down but they said it would close naturally.

I have a current account and isa account with nil a few days prior to the new tax year. When the new tax year came Halifax has paid me 48p in interest but I don’t have anything in the account. How can I make sure they are both closed without affecting this tax year isa in nationwide. They never naturally closed like the bank said

eskbanker

Not sure I quite follow - Halifax's HTB ISA is generally regarded as being competitive rather than having a "really poor rate" but anyway....

Which Halifax account paid 48p interest, the current account or the ISA?

If it was the ISA then provide Nationwide with the details of the Halifax ISA and ask them to transfer the (tiny) balance over to your Nationwide ISA. If you have the option to specify closure of the Halifax account as part of the transfer process then choose this, otherwise formally request Halifax (in writing or by secure message) to close the account once the balance has been moved.

If it was the current account then it won't affect any ISAs so you can do what you want with that balance (don't go mad!).