Halifax ISA

Hxc · 14 Apr 2008 at 21:50

markyp23 said:
I've done this as well. It is, however, a hideously bad idea. I only realised after I'd done it this year though. They don't allow any more money to be added to the same account every tax year and I am just about to check but I reckon they won't allow transfers in or transfers out.

EDIT: Yup, to transfer the fixed rate ones you are "subject to an early access charge". Cowboys. Transfers in to these ones seem to be OK though.

Only did a 1 year one myself, so it's not so bad, whacked the full amount in from my savings, and will be on the lookout on what to do next year.

Energize · 14 Apr 2008 at 21:55

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.

Yes you can. Any bank which accepts transfers in will do it.

[TR]SweetSpotOz · 14 Apr 2008 at 21:58

[TR]SweetSpotOz · 14 Apr 2008 at 22:00

Energize · 14 Apr 2008 at 22:02

Assuming x and y are isa's, yes.

[TR]SweetSpotOz · 14 Apr 2008 at 22:10

mattyj1085 · 15 Apr 2008 at 11:05

Just rang halifax 3.51%! £285 after neally 2 years

I get more than that after tax, per year with nationwide in e-savings (between 3 and 5k)

Time to shift, even if its going to e-savings

DB_SamX · 15 Apr 2008 at 14:10

Grrrr...just went to take up Lloyd's 6.5% ISA and they stopped doing it from yesterday, as they had too many new customers!!! It's now back down to 5%. Time to go back to MSE to find an alternative.

Energize · 15 Apr 2008 at 15:03

DB_SamX said:
Grrrr...just went to take up Lloyd's 6.5% ISA and they stopped doing it from yesterday, as they had too many new customers!!! It's now back down to 5%. Time to go back to MSE to find an alternative.

I'm confused as to why they have stopped doing it, they are losing customers for an account they will make a profit on, when it is hard to get credit at this period in the encomic cycle. Idiots!

Alliance and Leicester are the next best, 6.25% variable. My ISA with them was opened in less than 7 hours!

DB_SamX · 15 Apr 2008 at 15:20

Energize said:
Alliance and Leicester are the next best, 6.25% variable. My ISA with them was opened in less than 7 hours!

Thanks, noted. Do you know how much interest do you forfeit in the event that you make withdrawals/cancel on this account? My Halifax one and the Lloys one were 90 days (interest accrued every 3 months) but I can only see on their site that A&L add the interest on 1 Jan annually.

[TR]SweetSpotOz · 16 Apr 2008 at 22:26

Energize · 16 Apr 2008 at 22:41

DB_SamX said:
Thanks, noted. Do you know how much interest do you forfeit in the event that you make withdrawals/cancel on this account? My Halifax one and the Lloys one were 90 days (interest accrued every 3 months) but I can only see on their site that A&L add the interest on 1 Jan annually.

It doesn't say there are any penalties in the terms and conditions. Only for fixed rate ones.

Energize · 17 Apr 2008 at 21:19

Btw if you pay in £500 a month into an alliance and leicester current account you can get the 10% AER ISA.