Trying to open halifax fixed rate - system won't let me

westv

westv wrote: »

Can I open one of these this evening if I don't already have a Halifax websaver account?

Just realised I won't be able to make full use of it anyway. I wanted to transfer £ 30,000 (yes, I know I should have done it earlier!) but I think the maximum you can transfer each day is £10,000. Oh !!!!!!!

itsmeuk

open 3 diff ones then

westv

itsmeuk wrote: »

open 3 diff ones then

That wouldn't help though would it? I still wouldn't be able to get £ 30,000 transferred this evening.

Edit: Oh I see what you mean. Each account would be a totally separate transaction.

YorkshireBoy

strawberrylane wrote: »

They do quote 7% AER (6.82% gross) which is correct.

Your question was "if the account could run for 365 days". In such a situation the AER would equal the gross p.a. and be advertised as "7.00% AER/gross p.a."

AER is a notional/illustrative/indicative figure. Interest is always earned daily at the gross p.a. rate (see the Web Saver T&C's).

westv

westv wrote: »

That wouldn't help though would it? I still wouldn't be able to get £ 30,000 transferred this evening.

Edit: Oh I see what you mean. Each account would be a totally separate transaction.

But just realised that I assume I would only be able to open the fixed rate account with cleared funds in the websaver account. That won't happen until tomorrow at the earliest.

itsmeuk

i think it runs untill the 7th (tomorrow)

westv

itsmeuk wrote: »

i think it runs untill the 7th (tomorrow)

I think it's going to finish this evening.

"different rates of interest may apply for accounts opened on or after 7 November 2008."

molar

The system won't let me apply either.

I have the web saver nominated account already but only funded it today. It seems as though the application process looks at yesterdays closing balance when deciding whether you can apply or not. :mad:

westv

Oh well, looks like I'm going to be stuck with the generous 4.5% from HSBC!

domcastro

Milarky wrote: »

Doesn't sound right to me. If the cash has been transferred to your websaver earlier it should be identified as cleared and available*. As you can have up to 5 fixed rate websavers - and more than one at the same term/rate I see nothing to stop you trying again with what's left to use. The money will either be accepted or not.

*But remember to leave at least '£1' in the variable rate websaver OR it won't transfer - that was an error I made the previous time initially.

The funds were showing in the web saver. I already had X + £1 in there, I transferred Yk from my halifax current account and it instantly showed in my websaver. I applied for the fixed rate, it was showing I had X + Y in my websaver, but after 5 attempts and 2 phonecalls - I could only transfer X amount. Maybe I should have left it an hour or so but I didn't know what time the deal would end. They probably use batch processing. I can't deposit it now because you can only deposit once into the account