Halifax Guaranteed Saver Reward

soulsaver

Chuffit! I should have read this thread first - in a rush over the fact that I believed I had til 1st of Dec to get initial funds in, then it's pulled forward to 26th I missed the chance to push the £2.5k through the relevant Halifax current account and tick the 1k this month box on the way. Of course I asked their CS if I had til month end for the current account deposit... and no they DIDN'T take the opportunity to suggest doing it the smart way. So now I have to risk bacs fund tranny to my HSBC current a/c arriving in time to do a FP to Halifax a/c before Sat!:doh:

Icesaver

soulsaver wrote: »

I might be wrong... but I don't think you get a card with the GSR. You get it with the 'relevant current account' you use to put the 1k pm in to get the reward...don'tcha?:think:

Account NameMain benefitInterest rates (AER)Minimum opening balance
AccessWithdrawals
Guaranteed Saver RewardLimited offer - guaranteed rate with 4 withdrawals6.00% AER
(fixed for 12 mths)
£2,500Online, branch, phone, cash machine4 per year without loss of interestApply onlinCash machine mentioned in their blurb. And their rep on phone did say it was optional at time of opening the account

Icesaver

Icesaver wrote: »

Account NameMain benefitInterest rates (AER)Minimum opening balance
AccessWithdrawals
Guaranteed Saver RewardLimited offer - guaranteed rate with 4 withdrawals6.00% AER
(fixed for 12 mths)
£2,500Online, branch, phone, cash machine4 per year without loss of interestApply onlinCash machine mentioned in their blurb. And their rep on phone did say it was optional at time of opening the account

That didn't work properly I was trying to post a table from their site http://www.halifax.co.uk/savings/Highinterestaccounts.asp which shows account can be accessed via cash machine.

fablad75

Mikeyorks wrote: »

It doesn't have to be from a source external to Halifax. You can SO £1k monthly out of a Halifax current account into one of their websavers .... then SO it back next day. And that satisfies the funding requirement.

A mechanism satisfactorily deployed by many people on these forums .. and I've never known anyone fall foul of it. In fact Halifax staff set the SOs up for my Mother (High Interest current a/c .....> Liquid Gold) to achieve that. Before I took over her accounts and ditched the Liquid Gold .. but set it up similarly but using a websaver. No problems and achieved the 6% the High Interest was paying at the time. It still works that way .... Halifax know about it generally and have taken no steps to shut down the loopholes.

Gosh I wish I dared to do this - it would make life much easier - but I don't want them to use this as an excuse in 12 months to pay me 4.5% instead of 6%!

soulsaver

Icesaver wrote: »

That didn't work properly I was trying to post a table from their site http://www.halifax.co.uk/savings/Highinterestaccounts.asp which shows account can be accessed via cash machine.

I stand corrected, thanks Icesaver - but at least say I may be wrong; so I wasn't one of those who post who state totally incorrect info. without any disclosed degree of doubt...

paul5046

Hi,

Last month i opened a Halifax guaranteed saver reward but , this is the old one (after only one month !!!) and is only 5.5%. Luckily i saw this thread, and transferred it to the new 6.0% one with the 1k current account rule. It just shows how vigilant you have to be.

fizzypop

Be aware that a withdrawal from the Halifax guaranteed saver reward account is handled manually and is currently taking 40 hours to action (upto 48 hrs on screen msg).

rb10

fizzypop wrote: »

Be aware that a withdrawal from the Halifax guaranteed saver reward account is handled manually and is currently taking 40 hours to action (upto 48 hrs on screen msg).

... unless you do it in branch or by phone.

ray123

The rate has now been dropped to 5%....

rb10

ray123 wrote: »

The rate has now been dropped to 5%....

No, those people on the variable rate (i.e. who did not open it during the reward period) are on 4.5% (http://www.halifax.co.uk/savings/personalrates.asp#HGS).

But, anyone who opened and funded it during the reward period is still guaranteed 6% for the year (as long as they meet the T&Cs).