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ISA transfer rules

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Comments

  • bobblebob
    bobblebob Posts: 1,070 Forumite
    Part of the Furniture 500 Posts Name Dropper
    badger09 said:
    bobblebob said:
    Just renewed, everything stayed the same in terms of allowance (still £20,300). Interest now 4.02%
    That’s interesting. I wonder how Halifax would explain this. 
    The OP said 'renewed', I wonder if the 'new' flexible ISA has the same account details (account number/roll number etc) as the 'old' flexible ISA and Halifax has just changed the interest rate?
    Yea same account number/sort code so only name has changed really

    Maybe there are different rules for these too :smiley:
  • refluxer
    refluxer Posts: 3,384 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    bobblebob said:
    badger09 said:
    bobblebob said:
    Just renewed, everything stayed the same in terms of allowance (still £20,300). Interest now 4.02%
    That’s interesting. I wonder how Halifax would explain this. 
    The OP said 'renewed', I wonder if the 'new' flexible ISA has the same account details (account number/roll number etc) as the 'old' flexible ISA and Halifax has just changed the interest rate?
    Yea same account number/sort code so only name has changed really

    Maybe there are different rules for these too :smiley:
    Yes, that'll be the reason why you still have that £20,300 allowance remaining. Despite the name change, it's essentially the same flexible easy access account, but just at a higher rate.
  • badger09
    badger09 Posts: 11,742 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    refluxer said:
    bobblebob said:
    badger09 said:
    bobblebob said:
    Just renewed, everything stayed the same in terms of allowance (still £20,300). Interest now 4.02%
    That’s interesting. I wonder how Halifax would explain this. 
    The OP said 'renewed', I wonder if the 'new' flexible ISA has the same account details (account number/roll number etc) as the 'old' flexible ISA and Halifax has just changed the interest rate?
    Yea same account number/sort code so only name has changed really

    Maybe there are different rules for these too :smiley:
    Yes, that'll be the reason why you still have that £20,300 allowance remaining. Despite the name change, it's essentially the same flexible easy access account, but just at a higher rate.
    Precisely

    A good result for OP from Halifax
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