Halifax Guaranteed Saver Reward

beecher

Not impressed with Halifax at all - went into branch to fund my new account with £50 but was told it couldn't be done as a transaction was already pending. Put it into a different Web Saver account to transfer over, and have now been told by the online help desk that I was misinformed by the branch, and that I could've funded it there and then, but can't transfer the money. Not too impressed.

funguy

My account says 3% today too but i assume it will be calculated at 6% if all account terms are met....

Kavanne

lipidicman wrote: »

Mine too. 3%. Still, if you stick to the terms you will get the 6%. It was never 4.5% with a 1.5% bonus. It was 6% fixed

Seriusly? Are you sure? I just made a withdrawal but if this is really the case I will put it all back.

jem16

Kavanne wrote: »

Seriusly? Are you sure? I just made a withdrawal but if this is really the case I will put it all back.

Yes it is 6% fixed.

http://www.halifax.co.uk/savings/guaranteedsaverreward.asp

funguy

yeah - it was sold as a fixed 6% account if all terms are kept

lipidicman

Kavanne wrote: »

Seriusly? Are you sure? I just made a withdrawal but if this is really the case I will put it all back.

Yup. As we all showed 4.5% (and now 3%) Halifax would be in a little bit of hot water if that is what they pay us. I know the banks are in trouble but outright swindling isn't happening yet. Even if you invest in an overseas insolvent country you get your money back!

Lorian

Minw says 3% too now. Best keep a print out of the T&Cs me thinks.

rb10

Enough people opened this account that they can't just turn around and say "sorry, we're only paying you a variable rate of xyz%". It was opened as a fixed rate, provided you kept to the terms and conditions.

If you keep to the T&Cs, the Reward will be added at the end of the term. But until they check that you've met the current account funding requirements, it's in effect a standard Guaranteed Saver, with variable rates.

Kavanne

Luckily I left 3000 in there when I made my withdrawal.... so still inside the T&Cs right? (as it's 2500+?)

lipidicman

Should be. Remember there is a limit to the number of withdrawals you may make (four? I can't say I looked as I wont withdraw until it is done)