Halifax kids regular savers
Mimi_Arc_en_ciel
Posts: 4,831 Forumite
Just came in to a letter to say the kids regular savings accounts will be renewed at 4% and not the usual 6%
So - recommendations for a new regular savings?
So - recommendations for a new regular savings?
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Lloyds dropped their regular saver rate from 4% to 3% and TSB are dropping theirs from June 27th from 5% (to 2% mentioned on here),so it looks like there is going to be a general downwards trend.0
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�� shame. Thanks though. Will wait and see what happens then0
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Boooo!
Well, that makes for an easy decision when my daughter's RS comes to an end: simply use her 4% JISA instead. Unless of course Halifax have plans to reduce JISA rates as well...: )0 -
Flobberchops wrote: »Boooo!
Well, that makes for an easy decision when my daughter's RS comes to an end: simply use her 4% JISA instead. Unless of course Halifax have plans to reduce JISA rates as well...
Mine have the JISA in Nationwide which is 3.25%
Halifax Junior ISA's are at 3% at the moment0 -
Mimi_Arc_en_ciel wrote: »Halifax Junior ISA's are at 3% at the moment
Unless you also hold an adult ISA
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Ah I didn't know that sorry!
([STRIKE]I don't have an ISA[/STRIKE])
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Mimi_Arc_en_ciel wrote: »Mine have the JISA in Nationwide which is 3.25%
Halifax Junior ISA's are at 3% at the moment
The rate for new customers may be 3%, but we're still getting 4% (account opened last year).0 -
I just checked the Halifax site and all references to the adult ISA bonus have been removed! That's a bit alarming. I hope existing customers will continue to get the existing arrangement.: )0
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existing customers keep the 6% till the end of the regular saver, on maturity the account will migrate to a young saver account then any replacement regular saver will be at the rate offered at the time of maturity.
JSA and Adult ISA's are not linked since 7th June 2016, so the rate is 3%, for new applications but existing account are at the rate on opening, currently but this can also change as it a variable account.I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%£2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%Total £4095.19/£7332.95 = 55.84%0
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