MSE News: Halifax and Lloyds to slash rewards and interest on flagship accounts
Comments
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Oh come on, banks need our support. Give them 20 quid a month and stop complaining about them all the time.0
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will be closing Halifax reward, seemed a bit ridiculous to be transferring £750 back and for for a fiver, for £3 cba.0
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will be closing Halifax reward, seemed a bit ridiculous to be transferring £750 back and for for a fiver, for £3 cba.Warning: In the kingdom of the blind, the one-eyed man is king.0
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Consumerist wrote: »If the transfers are automated standing orders then you don't have to do anything to get the money so I don't think I'll be closing mine just yet. The £3 pm is equivalent to earning around 3% pa on a balance of £1,200 which I don't keep in the account.0
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YorkshireBoy wrote: »Mine are manual transfers. Reward 1 receives my salary, so on payday I bounce funds through Rewards 2, 3 & 4 and back again. Takes less than a minute a month. Reward payments are automatically withdrawn by the requisite DDs. £240 a year was a nice return, but £144 a year from next year is still worth having. Wish my day job paid £720 an hour!Warning: In the kingdom of the blind, the one-eyed man is king.0
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Consumerist wrote: »Now, that's the way to do it boys and girls. :T0
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will be closing Halifax reward, seemed a bit ridiculous to be transferring £750 back and for for a fiver, for £3 cba.
If you have Bank of Scotland Vantage accounts paying 3% interest, you could do it simultaneously by permutation of a manual transfer among all of your BOSs and Halifax Reward accounts on the same day. Either you open Halifax or BOS Internet banking, you will see all of this ac on the same screen.
You will need to cream the interest of your BOS each month anyway.0 -
I have a Halifax Reward Account and I am disappointed it will have just a £3.00 reward each month. I also have a TSB Classic Plus Account and am sad it will go to 3% interest with a maximum amount of £1500. I will think carefully next year when these events happen.0
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Maximum_Saving wrote: ». . . I will think carefully next year when these events happen.
Offers like this may not be around next year.Warning: In the kingdom of the blind, the one-eyed man is king.0 -
Halifax's Reward and Ultimate Reward current accounts will pay £3/mth rather than £5/mth from next February
If the Reward payment is reduced from February then, surely, the first £3 reward payment should not appear on accounts until March.
Or is this yet another example of Halifax banking by smoke and mirrors?Warning: In the kingdom of the blind, the one-eyed man is king.0
This discussion has been closed.
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