Exhausted trying to chase good rates

~Chameleon~

I had no end of trouble accessing this account when I originally opened it and ended up having it re-set 4 times! Mind you, I had similar issues when trying to open an account with Abbey earlier this year so guess I shouldn't be too surprised at the same shoddy service really :rolleyes:

rosy

funguy wrote: »

I have opened a Halifax Guarenteed Saver Reward too but on the account screen it does not say the reward bit and interest rate is showing as 4.5% instead of 6%. Has anyone queried this with the Halifax? I have an acceptable current account and meet other criteria.

Any thoughts?

Yes I noticed this and phoned up - apparently interest rate will always show on your online account details at the 4.5% until the anniversary of opening the account ( because the terms and conditions are that you only get 6% if £1000 goes in current account each month for a year, they won't know if you have complied with this until the year is up ) - then you will be given the full 6% for the year if you have funded the current account correctly and not made more than 4 withdrawals. Also it shows as Guaranteed Saver not as Guaranteed Saver Reward but that's OK too. I have made a note to myself to double check in a year's time though.

StuHolmes

evenasus wrote: »

When I opened this account in October the rate was 6.51% then a week later they cut it to 6.01% now you say it's 5.85%?

You are referring to the Internet Saver 3 and not the E Saver 3 are you?

If the reason for the drop of 6.01% to 5.85% was the 0.5% reduction bank rate in October, what was the reason for the drop from 6.51% to 6.01%?

So glad I only got round to putting in £150. The money I intended for that account, I actually put in Coventry BS 50 Plus eSave fixed at 6.25% with instant access and no penalites...rare eh?

Having said that, I'm having trouble getting my Web ID out of them and I'm not the most patient of people.

5.85% is the monthly interest = 6.01% AER so only the one reduction (so far!)

evenasus

StuHolmes wrote: »

5.85% is the monthly interest = 6.01% AER so only the one reduction (so far!)

Thanks for the information. Doh to me.:rolleyes:
Gets confusing when some people use the gross figure and others the AER

lindabloo

StuHolmes wrote: »

5.85% is the monthly interest = 6.01% AER so only the one reduction (so far!)

Thanks I didn't read the table correctly:rolleyes:

PasturesNew

I got fed up just trying to open enough accounts to split money into £35k chunks. Then all the accounts dropped their rates anyway. And it's a pain in the 4rse.

They want our money, but make it difficult for us to give it to them.

All I really wanted was all the money in one high interest paying account. But no, I had to open many.

And now I want different/new accounts, bonds.

Too complex!!

isofa

PasturesNew wrote: »

I got fed up just trying to open enough accounts to split money into £35k chunks. Then all the accounts dropped their rates anyway. And it's a pain in the 4rse.

It is I agree! But at least you can split into 50K chunks now

Chasing rates is a nightmare, all many of us want is a quality 100% stable bank to save a decent chunk of money and expect a good interest rate.

Lynt_3

notverymerrywidow wrote: »

I'm with you on that one, Lynt. My husband died 4 months ago, probate came through recently. By the time the solicitor gets me any money the interest rates will be b***er all, and me on only half his pension. If he wasn't already dead, I'd kill him. Bad timing or what???

Wish I'd put more in the Icesave FT now!!!!!! :eek:

I know how you feel. My husband died last year, and all this is a nightmare, isn't it. I feel for you.
I wish you luck. I hope things improve for you.

Lynt_3

I got a phone call from my bank (Lloyds TSB)this afternoon, telling me that their 6% fixed account (which wasn't advertised anywhere, and so I knew nothing about it) was closing at 4.30pm, and if I was interested in opening one, I should get there quick!
They had noticed (ha ha) that I had a largish amount in my current account. It was on its way to my Egg 6.3% fixed account, so I declined their kind offer.
First time they have phoned me, and I've been with them around 30 or so years.

PasturesNew

They all want it. Why can't they just say:
- all your money guaranteed. 6%, no faffing about, sign up online and no silly ID needed because we're sure you've already been checked by 10 other banks and we love your money.