MSE News: Help to Buy ISA rates begin to be unveiled
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It seems that transfers are allowed.
From http://static.halifax.co.uk/assets/pdf/isas/pdf/cash-isa-account-conditions.pdf
Help to Buy ISAs now available for first-time buyers
You might also find our fully researched Help to Buy ISA guide helpful.
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It doesn't seem to be previous cash ISAs that you can transfer into it though, only previous HtB ISAs (which you couldn't have had before today anyway) unless I'm reading it wrong?
September GC: £131.27/£170. July GC: £62.48/£80. May GC: £135.00/£150
April GC: £201.91/£140. March GC: £194.98/£200. January GC: £111.41/£200.
December GC: £67.45/£80. Nov GC: £159.32/£220. October GC: £208.07/£250.
Also a question I've not subscribed to a Cash ISA this year so can I open a Help2Buy ISA and transfer an existing Cash ISA with previous tax year subscriptions to a better paying Cash ISA account without opening one of the combined offerings the likes of Nationwide and Natwest are doing.
However, why anyone would want a normal cash ISA when you can get much better interest in non-ISA accounts is a mystery to me.
No - they most likely WILL alter the rate. It's variable, plus has clauses that it can change with just 14 days notice. I'd be surprised if it didn't change.
However from what I can see, most of the others are also variable. 4% variable is better than anything lower variable.
I have an ISA with the post office (almost the full ISA amount I could) that I opened last year. I want to open one of these H2B ISAs for this tax year. So I can do that, but can someone explain what I can do with last years ISA? Can I transfer the full amount and get 4% on that too?
Reading the Halifax website seems to suggest that I can only transfer up the allowable limit (i.e. the £1000), but that would be of new ISA money surely, not stuff already in an ISA?
The maximum you can put in to a Help2Buy ISA in the first month is £1200.
I've not read the Halifax terms in full so I'm not sure if they allow a partial transfer from an existing ISA. If you have more than £1200 in your existing ISA and a partial transfer is not allowed then you'd either have to withdrawn £1200 from your existing ISA or open a combi-ISA from another provider like Nationwide.
Yes.
The only benefit of Natwest, NW, Aldermore and Newcastles products is that you can also add funds in 2015-16 to a cash isa as well as their HTB isa. After of course you have exhausted any current accounts/regular savers paying more than 2% plus your income tax rate as colsten will tell you allowing for the £1k free allowance (£500 for higher rate taxpayers) starting in April!:D