Halifax ISA

mattyj1085 · 14 Apr 2008 at 12:35

Does anyone know the interest rate for a Halifax ISA (£3000)

I have had it for 2 years now and ive heard Nationwide fixed interest rates are good but will soon be dropping. I have rang their ISA investements line but all lines are busy.

Thanks

Rossmac · 14 Apr 2008 at 12:52

Check your statement?

mattyj1085 · 14 Apr 2008 at 12:55

Rossmac said:
Check your statement?

I dont think ive ever received one :confused:

XPE · 14 Apr 2008 at 13:05

5% or 5.5% i think

Deiwos · 14 Apr 2008 at 13:07

Depends if it's fixed rate or variable. I'm in fixed rate at 5.5%, my sisters on variable at 5.25%.

Do you use Halifax online banking? If so, you can add your ISA to your list of accounts and it'll show you all the details for it.

bsoltan · 14 Apr 2008 at 13:07

I have a Halifax ISA, I think it is in the 5% - 5.5% range, maybe 5.2%

DB_SamX · 14 Apr 2008 at 14:03

Nope, I asked last week in bank and on the variable rate it is more like 3.5-4% at the moment; it has been going down since last year.

I am going to move it all to Lloyd's 6.5% 12-month fixed rate one soon.

/edit: http://www.halifax.co.uk/isas/variablerateisa.asp simple search reveals currently near 3.5% as I said with a max of just over 4%.

mattyj1085 · 14 Apr 2008 at 14:06

thanks. Is there anything else i need to do before going into the bank to clear it out? What is the best way to transfer the money to a nationwide or other account. Could i just get a cheque for 3k?

DB_SamX · 14 Apr 2008 at 14:08

mattyj1085 said:
thanks. Is there anything else i need to do before going into the bank to clear it out? What is the best way to transfer the money to a nationwide or other account. Could i just get a cheque for 3k?

First, read up on ISAs, the best deals depending on your circumstance and transferring them on MoneySavingExpert (I think). You can just go to the new bank and get them to do the transfer from their end. Just check your current bank does not charge a fee.

#Chri5# · 14 Apr 2008 at 14:11

Yes, you could get a cheque but you couldn't pay it back into ISA and still have your full £3600 allowance for the current tax year. If you got a cheque for £3k and paid it into your new ISA, you'd only be able to add £600 for the rest of this year.

If you want to move it to a new ISA account (and not all providers let you transfer previous years ISA funds into a new account), you need to open the new ISA and ask them to transfer from the old account(s) or at least give you the appropiate forms to transfer (rather than just withdraw)

flasher · 14 Apr 2008 at 19:25

DB_SamX said:
I am going to move it all to Lloyd's 6.5% 12-month fixed rate one soon.

You sure?
Just checked there website and its shows there ISA paying 4.5% - 5.0% depending on how much you have in, or am i missing something?

Using the Egg Cash ISA at the moment, pays 6.05%, only draw back is they don't let you transfer in.

mame · 14 Apr 2008 at 19:38

i had a halifax ISA up untill about 2 years ago. each tax year they reuced the interest untill it was 3.25%. Had to move it to another bank in the end

Energize · 14 Apr 2008 at 20:06

flasher said:
You sure?
Just checked there website and its shows there ISA paying 4.5% - 5.0% depending on how much you have in, or am i missing something?

It's the fixed term, fixed rate, 9k deposit one.

Barclays also offer 6.5% and Alliance and Leister 6.25%.

http://www.moneysavingexpert.com/savings/best-cash-isa#best

Hxc · 14 Apr 2008 at 20:07

I've got a Nationwide 6.15% 12 months fixed rate; chose it because it was a tad easier to open as I already have an account there, and the gains wouldn't be huge anywhere else.

DB_SamX · 14 Apr 2008 at 20:23

Energize said:
It's the fixed term, fixed rate, 9k deposit one.

Barclays also offer 6.5% and Alliance and Leister 6.25%.

http://www.moneysavingexpert.com/savings/best-cash-isa#best

Indeed. I have over 9k to transfer and although I would have chosen Barclays because I already have a current account there, they don't allow transfers.

loltim · 14 Apr 2008 at 20:39

flasher said:
You sure?
Just checked there website and its shows there ISA paying 4.5% - 5.0% depending on how much you have in, or am i missing something?

Using the Egg Cash ISA at the moment, pays 6.05%, only draw back is they don't let you transfer in.

Do you only start seeing a return after 12 months with the egg account?

Energize · 14 Apr 2008 at 20:47

Tim said:
Do you only start seeing a return after 12 months with the egg account?

Yes.

[TR]SweetSpotOz · 14 Apr 2008 at 21:12

[TR]SweetSpotOz · 14 Apr 2008 at 21:17

#Chri5# · 14 Apr 2008 at 21:20

markyp23 said:
Does anyone know if you can transfer from ISA "A" and ISA "B" into a new one "C" and also add year "C"'s allowance?

I doubt it and I also doubt anyone will understand my poorly worded question.

Do you mean, for example, A could be with HSBC, B with Nationwide and you want to move them all to C (a new, different bank)?

If so, answer is... it depends!

MSE has an article on it. Not all providers allow transfers in but some do. All some rules about transfering between cash ISAs and shares ISAs.