We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Halifax Help to buy ISA interest rate down from 1.7% to 1% from 16.3.21
what7
Posts: 80 Forumite
Got a letter 
0
Comments
-
You also missed a very important key point.
1% interest rate is up to £12k, anything more than that will only earn 0.05%
From 16.3.21, I will withdraw any excess outThe first £12,000 of your balance will earn the variable interest rate of 1.00% Tax Free/AER. Any balance over £12,000 willearn the interest rate of 0.05% Tax Free/AER.0 -
The rate table for this account shows the account already had £12k max for interest payments if the account was opened since 14/10/20. @what7 and @P3 when did your accounts get opened?(Current rates as per https://www.halifax.co.uk/assets/pdf/savings/pdf/interest-rates.pdf )
0 -
I had it since day 1, I was referring to the letter I received. Didn't know there was different date for different people.
Even more reason to remove excess of 12k1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.4K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.4K Work, Benefits & Business
- 602.7K Mortgages, Homes & Bills
- 178K Life & Family
- 260.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards