Santander Help to Buy ISA - another dead duck

Ed-1

Gone from the best Help to Buy ISA rate (4.25%) to one of the worst in a matter of weeks. Now joins the 123 account as a dead duck...

garfield33

Ugh, just got this email too. I was expecting a small drop but not this.
I've now reached the amount (£12k) that will entitles me to the maximum bonus (£3k), so paying in the £200 each month is now less crucial... however we're hardly spoilt for choice for alternative homes for it! 

Ed-1

garfield33 said:

Ugh, just got this email too. I was expecting a small drop but not this.
I've now reached the amount (£12k) that will entitles me to the maximum bonus (£3k), so paying in the £200 each month is now less crucial... however we're hardly spoilt for choice for alternative homes for it! 

I originally transferred from the Virgin Issue 1 which paid 3% and is now at 2.75% so looks like in the longer term, the Virgin account was worth sticking with even if it meant losing out on 4%+ in the shorter term.

garfield33

Before I start looking, do you know if there are any to transfer to any more? I know I looked a few months ago for my sister and couldn't find much then.

Ed-1

garfield33 said:

Before I start looking, do you know if there are any to transfer to any more? I know I looked a few months ago for my sister and couldn't find much then.

Halifax 1.7%
 https://www.halifax.co.uk/isas/cash-isas/help-to-buy-isa

There's also HSBC at 1.75% according to this but it's only on balances up to £12k:
https://www.moneysavingexpert.com/savings/help-to-buy-isa

garfield33

Thanks very much!

RobM99

Santander's normal ISA now has a wonderful 0.01% rate due!
So, invest £1,000 and in a year you will make 10p (tax free) in interest!   Phwoar!