Halifax Mini Cash ISA Reviews

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1.6 stars
Average rating for this product is: 1.6 out of 5

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LenderAccountDescriptionInterestAEROverdraft  
Overdraft RateOverdraft Limit
ING DirectING Direct ISAOpen an account today in approximately 10 minutes. A simple way to save up to £3,600, without paying tax on your investment.Monthly2.50%N/A
NatWeste-ISAAvailable to existing Natwest Customers Only. The longer you save the more you can earn, save up to £3,600 in a tax year. See site for details.Monthly2.50%N/A
AbbeyDirect ISASave from just £1 to receive 2.00 AER (variable) tax free.Annually2.00%N/A

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Average Ratings for Halifax Mini Cash ISA

  • Customer Service2 stars
  • Value for Money2.3 stars
  • Reviewer Ratings1.8 stars
  • Overall Rating1.6 stars

6 Reviews For Halifax Mini Cash ISA

  • Ramzee 16th Aug 2008

    Reviewer rating: 3 stars


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    Good Points: 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).


    Bad Points: £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%).


    General comments: 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!

  • SAK04 26th Jul 2008

    Reviewer rating: 2.5 stars


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    I wasn't told in the branch that if I opened the ISA acct online that the interest rate would differ. I only noticed this when I saw ads for the ISA I'd opened with a much better rate. Once queried at my local branch, they immediately switched me to an on-line ISA account with a more attractive rate. Online banking system is a breeze to use.

  • B Davies 27th Apr 2008

    Reviewer rating: 0 stars


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    I have just received the interest on my Halifax Cash Isa for 2007-8, which paid a 4.025% interest. I have been with Halifax since 2002 and have never received prior information on the final interest for any year. Having queried the rate for 2008-9, I am told that it will be 3.51%.
    I cannot get my money out quick enough !!

  • ltulloch 3rd Mar 2008

    Reviewer rating: 3 stars


    On average, people found this review very helpful
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    Halifax provided one of the highest rates of interest (5.25 % AER with the ISA Saver Direct Account) when I opened my ISA in 2005. Despite recent Bank of England base rate rises by ISA still has an interest rate of 5.25 % AER, a little lower than some banks, but still higher than many others.

    The Saver Direct account is only accessible via internet (and possibly phone?) banking which is why this account has a higher rate of interest than the Saver account (which is accessible in any branch). ...

  • Guest 3rd Feb 2008

    Reviewer rating: 1 stars


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    Although well run the rates offered are poor at the moment with a balance in excess of £9000 I am getting only 3.9 % it has never been above 4.2 and they could not wait to bring it down at the last rate cut. all in all a poor account and one that I am getting out of

  • dombrookes Rank: Lance Corporal 11th Dec 2006

    Reviewer rating: 1 stars


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    When I asked for Halifax Mini Cash ISA statements in order to apply for a mortgage, they said it would take 7 - 10 working days, but they never arrived. I called to find out why. Their system couldn't tell if one had been sent out, so all they could do was re-order (another 7 - 10 working day wait). These also never arrived. I complained about this and about the standard long wait to receive a statement - I compared it to Lloyds' 3 - 5 day wait. They angrily said I couldn't compare "I'm sorry b ...