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- Halifax Mini Cash ISA
- Ramzee's review
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| Customer Service | 4/10   |
|---|---|
| Value for Money | 4.5/10 |
| Reviewer Rating | 3.5/10 |
| Overall Rating | 3.1/10 |
By Ramzee on 16th Aug 2008
| Customer Service | 8/10 |
|---|---|
| Value for money | 7/10 |
| Overall value | 6/10 |
 Ramzee's recommendation | |
Easy to set up, tax free, branch savings account.
Counter service makes for easy deposits and withdrawals.
Higher rate (3.06%) than standard pass book (0.10%).
No need for regular monthly income (ie. £1000 pm for the High Interest Current Account).
£3600 cash ISA limit mean it's not suitable for regularly paying in and withdrawing large amounts (ie. for Holidays and Christmas).
Online ISA Saver Direct offers a better rate (5.00%), but isn't as convenient.
Better rates elsewhere (ie. Abbey 3.60%).
When Halifax discontinued their Liquid Gold rate my branch advised me to transfer to this Cash ISA and I enjoyed the tax free advantage and higher rate.
When (after 4 years) I cleared my credit cards and personal loans the annual ISA limit ( £3600) became a problem when I started trying to use the account to save and pay for christmas and holidays.
I have now switched to a High Interest Current Account (into which my wages are paid) and the online ISA Saver Direct (for it's better rate).
It can only be with an eye to profit that Halifax customers with another account can't use counter services for ISA Saver Direct transfers.
I am still looking for a high interest, instant access account for christmas and holiday savings!
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