Hbos Isa

Mikeyorks

The_Fiddler wrote: »

unless I am missing something.

..... afraid so. I agree it's poorly worded and the initial bullet should really read :

Open with a minimum of £3,000 - this can come from your current tax year subscription and/or transfers from previous tax years' mini-cash ISA savings with other providers.

..... but the give away is in the interest rates? Look at the tiered rates (link at previous post) for the 1 year fix. You can't get £30k in ... if you can only deposit £3k .. can you?;)

For all their fixed rate periods - they accept whatever value you can transfer in - provided it's the minimum £3k.

The_Fiddler_2

Yes, its tiered, but only the 1 year fix is tiered, not 2,3, and 4 year (Same rate despite the tier, but thats a side issue )

Mikeyorks

Makes no difference .... the point is they admit you can have £30k+ in one of their fixed rates!;)

And you can have £30k+ whether it's the 1 year or the 4 year. They're not keeping up with the admin on that part of their website very well I'm afraid. As you will notice - all the 4 tiers ..... are at 5.8% !!

Later

A previous thread .. from when I suspect the wording was a little more precise :-

http://forums.moneysavingexpert.com/showthread.html?t=657449&highlight=halifax+fixed+rate

regularsaver1

Its because you could have had an ISA with them for 11 years (35k ish) and then redesignate it to a fixed rate, or transfer isa providers in order to get more than £3k in their from previous tax year allowances