Halifax (guaranteed) Saver reward ending

DON79

Hi, the 6% (guaranteed) Halifax saver reward ends Wednesday. So if you want it, you probably better get it tomorrow.

edit - typo, knew what i meant and others did too obviously!

rb10

Should point out that you mean the Guaranteed Saver Reward. There is another account called Saver Reward - that pays at maximum 1.42%, and even then only if you have £100k+. Probably not worth rushing out to get that one!

soulsaver

I think Halifax have been less than totally clear about the workings of this account re deposit £1000 pm in a relevant current ac every month to get the higher rate etc, but to bring the closure date forward to 26th Nov from 1st Dec is another cynical move by a bank IMHO - :diabolical:

LongTermLurker

soulsaver wrote: »

I think Halifax have been less than totally clear about the workings of this account re deposit £1000 pm in a relevant current ac every month to get the higher rate etc, but to bring the closure date forward to 26th Nov from 1st Dec is another cynical move by a bank IMHO - :diabolical:

I thought they were very clear about the need to deposit £1000pm into a suitable current account. I pointed that out here, I posted the relevent Halifax links here and expanded on it here.

The Halifax site says "Pay £1,000 into your qualifying Halifax or Bank of Scotland current account every month, for the next 12 months following the opening deposit of your Halifax Guaranteed Saver Reward."

I think the option of it being pulled early was first discussed here and carried on in subsequent posts. It's common for banks to pull good deals early, especially when they are such a good buy.

If nothing else, Halifax don't do obscurity - they tend to be clear and precise.

Mr_K

IMHO the 5.8% account from Bank of Scotland (basically the same bank as Halifax) is a better option. No need for the current account & funding it with £1K a month, plus the option of monthly interest.

http://www.bankofscotlandhalifax.co.uk/savings/bosinstantaccesssavingsaccountreward.asp

apt

Considering both the 6.0% and 5.8% products were launched before the surprise cut of 1.5% rather that 0.5% and 1% in base-rate it might be said that HBOS has kept the offer open for a surprisingly long period. It can hardly be said that customers have not had the chance to take advantage of a good offer.

LongTermLurker

Mr_K wrote: »

IMHO the 5.8% account from Bank of Scotland (basically the same bank as Halifax) is a better option. No need for the current account & funding it with £1K a month, plus the option of monthly interest.

http://www.bankofscotlandhalifax.co.uk/savings/bosinstantaccesssavingsaccountreward.asp

Disadvantage being double the opening balance required, but certainly a good account.

fablad75

As long as you are funding it with £1000 every month, you can upgrade your current account to a High Interest Current Account, which is (at the moment) paying 5.15% for the first £2500.

So it's not too bad.