Halifax Regular Saver - Rate dropping tomorrow

tripled

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

Saver-Rob

OO ar!

Got mine in on the 6% but missed out on the 7% unfortunately.

tripled

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:

realaledrinker

10% for me still!

LesU

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.

Saver-Rob

realaledrinker wrote: »

10% for me still!

Thanks for that! :money:

david69_2

10% for me too

Wsb5tails

So, if I opened my account on 17th but the money hasnt arrived yet, am I gonna get 5% not 6?

Saver-Rob

I believe so, you only fix the rate once your initial deposit is made. Its why everybody is always so frantic.

Mr_K

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

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