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Halifax Regular Saver - Rate dropping tomorrow

I can't see it already posted - the rate drop tonight to 5% (new accounts).
«134

Comments

  • OO ar!

    Got mine in on the 6% but missed out on the 7% unfortunately.
  • tripled
    tripled Posts: 2,883 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I applied the day before it dropped from 7% to 6% but haven't heard anything, so I looked on the website to get the number to chase them up when I saw it was dropping again! Turns out they've lost my application - lucky I didn't leave it until tomorrow or I would have missed out twice :eek:
  • 10% for me still! ;)
    Ethical moneysaver
  • LesU
    LesU Posts: 338 Forumite
    Had a strange idea that as the rate dropped from 7% to 6% on the day I applied, putting a standing order into Cahoot to pay into the account last Friday 12th Dec would get me the 6%. The money still isn't in the account, so I guess I'm now looking at 5%. That is, if Cahoot and their 'slow boat to China' method of transfer ever gets it there. I've now had it with Cahoot. Their cavalier attitude to the 4 days of non-service earlier this year and their refusal to join the Fast payment scheme means this customer is off to find another account provider.
  • 10% for me still! ;)

    Thanks for that! :money:
  • 10% for me too
  • So, if I opened my account on 17th but the money hasnt arrived yet, am I gonna get 5% not 6?
  • I believe so, you only fix the rate once your initial deposit is made. Its why everybody is always so frantic.
  • Mr_K
    Mr_K Posts: 1,171 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Car Insurance Carver!
    No big deal. The interest rates on Regular Savers aren't that important. The difference in interest between 5% and 6 % for £250 a month into a RS over a year would be £16.
  • stevetodd
    stevetodd Posts: 1,016 Forumite
    Mr_K wrote: »
    No big deal. The interest rates on Regular Savers aren't that important. The difference in interest between 5% and 6 % for £250 a month into a RS over a year would be £16.

    But it all adds up and can be a lot more than £16, I will get an extra £660 interest over the year on the 5% now available
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