How much cash is too much?

ColdIron

rothers said:

I already have a S&S isa with HL which I am considering moving to the Halifax to join all my other S&S isas, I have seen the active savings account with HL but not really looked at the fees involved, is it expensive?

There are no fees. The rate you see is the rate you get

HL charge the savings savings provider a fee (up to 0.25% they say) which might cause them (the provider) to offer a lower rate. Or it might not as they benefit from the greater reach of HL, it also saves them the cost of dealing with thousands of individual customers (applications, telephone support, tax certificates etc). You benefit by not having to establish yet another relationship with a new bank and good website/customer service

Have a look, if you like the product and the rate go for it

Albermarle

ColdIron said:

rothers said:

I already have a S&S isa with HL which I am considering moving to the Halifax to join all my other S&S isas, I have seen the active savings account with HL but not really looked at the fees involved, is it expensive?

There are no fees. The rate you see is the rate you get

HL charge the savings savings provider a fee (up to 0.25% they say) which might cause them (the provider) to offer a lower rate. Or it might not as they benefit from the greater reach of HL, it also saves them the cost of dealing with thousands of individual customers (applications, telephone support, tax certificates etc). You benefit by not having to establish yet another relationship with a new bank and good website/customer service

Have a look, if you like the product and the rate go for it

Is there still a question mark about how the interest is reported to HMRC?
There was a worry with Active savings ( and other similar offerings) that HL and the savings provider were thinking the other one should do it. Is that resolved/clarified now?

ColdIron

Albermarle said:

ColdIron said:

rothers said:

I already have a S&S isa with HL which I am considering moving to the Halifax to join all my other S&S isas, I have seen the active savings account with HL but not really looked at the fees involved, is it expensive?

There are no fees. The rate you see is the rate you get

HL charge the savings savings provider a fee (up to 0.25% they say) which might cause them (the provider) to offer a lower rate. Or it might not as they benefit from the greater reach of HL, it also saves them the cost of dealing with thousands of individual customers (applications, telephone support, tax certificates etc). You benefit by not having to establish yet another relationship with a new bank and good website/customer service

Have a look, if you like the product and the rate go for it

Is there still a question mark about how the interest is reported to HMRC?

I believe so

There was a worry with Active savings ( and other similar offerings) that HL and the savings provider were thinking the other one should do it. Is that resolved/clarified now?

CS told me they don't report it after speaking to a colleague. I haven't seen anything definitive either way though

It doesn't concern me as I self assess