Halifax Regular Savings Account 10%

snowball1_2

Guys, I opened up a Halifax 10% regular savings account about 3 months ago when they had this limited offer available.

Is my money safe?

I have rang them up and they have said it is safe and there is nothing to worry about, I have roughly 3k there....

Anyone help?

newall

Yes it is safe as long as not got more than 35k with any one financial organisation.

littlemissmoney

How did you manage to get £3K in there in 3 months?

newall

With all the banks struggling is it still worth buy ISA shares every month so I use up my tax relief on Isa through shares. Or would I be best just saving it in normal bank account?

snowball1_2

littlemissmoney wrote: »

How did you manage to get £3K in there in 3 months?

Sorry meant to say that I will be putting 3k in there lol

Does anyone know the restrictions on this account? i.e. max I can put in one month and max amount allowed in there altogether?

littlemissmoney

snowball1 wrote: »

I have rang them up and they have said it is safe and there is nothing to worry about

What do you expect them to say??! (As it happens though I think your money is perfectly safe.)

KTF

snowball1 wrote: »

Sorry meant to say that I will be putting 3k in there lol

Does anyone know the restrictions on this account? i.e. max I can put in one month and max amount allowed in there altogether?

£500 a month, £6k total.

knights

snowball1 wrote: »

Sorry meant to say that I will be putting 3k in there lol

Does anyone know the restrictions on this account? i.e. max I can put in one month and max amount allowed in there altogether?

£500 pm - therefore 6k

snowball1_2

knights wrote: »

£500 pm - therefore 6k

If I have only put in £35 a month for first three months, can I make up the payments to make the 6k?

Because if I start putting £500 a month in from now on I wont hit £6k :eek:

Anyone please help?

KTF

You can put in up to £500 each month. This can be one lump sum or several deposits.

If you dont put in £500 that calendar month you cannot put in more the next month i.e. if you put in £450 on month 1 you cannot put in £550 on month 2.

snowball1_2

KTF wrote: »

You can put in up to £500 each month. This can be one lump sum or several deposits.

If you dont put in £500 that calendar month you cannot put in more the next month i.e. if you put in £450 on month 1 you cannot put in £550 on month 2.

Gutted mate, missed out there on 3 months, nevermind ! !

Thanks for info btw