Halifax Guaranteed Saver 6.25% (?)

finder

opinions4u wrote: »

The account will pay 6.25% for 12 months or, if sooner, until you break the conditions (e.g. go below £2,500 or have a second withdrawal).

You can deposit in branch or via automated systems such as bacs, chaps, faster payments, or online from your other accounts.

To keep the 12% on the Regular Saver, you need to maintain £5,000 in the Guaranteed Saver Reward account, and keep it there even if you've broken the withdrawal conditions.

Hi

A bit confused as I ditched the t&cs of the account... For the Halifax Garanteed Saver Reward account opened in July, there is no need to fund a qualifying account with £1000 a month, is there?

Thanks

rb10

finder wrote: »

Hi

A bit confused as I ditched the t&cs of the account... For the Halifax Garanteed Saver Reward account opened in July, there is no need to fund a qualifying account with £1000 a month, is there?

Thanks

No, you don't need any other accounts at all.

See full T&Cs here: http://www.moneysavingexpert.com/shopping/section75-protect-your-purchases#deposit (page 17 has the extra conditions applying to the various GSRs).

dollywops

I contacted Halifx today to enquire the rate of the regular saver, as nothing shows online. She confirmed the 12% rate. I then enquired about putting more into the nominated account, as this is paying 6.25%. TBH, I had completely forgotten about this account. She informed me I could put in as much as I wanted, but if I made more than one withdrawal before July, the rate would drop.

Now that I have received my bonus clubcard points for the TPF internet saver, I can close this account.

Mikeyorks

dollywops wrote: »

She confirmed the 12% rate.

The RS you mention ..... is 10%.

It only becomes 12% if, on maturity, you've maintained £5k in one of the nominated accounts for the duration of the RS.

dollywops

Mikeyorks wrote: »

The RS you mention ..... is 10%.

It only becomes 12% if, on maturity, you've maintained £5k in one of the nominated accounts for the duration of the RS.

Thank you, but I did know that and that is why I mentioned 12%. In fact, it was thanks to this site and whoever posted originally that the whole family each opened up these Regular Savings Accounts and deposited £5,000 in the nominated account.

Mikeyorks

dollywops wrote: »

but I did know that and that is why I mentioned 12%.

But not everyone does. So posting that Halifax have confirmed the RS at 12% ..... can, and does, confuse others.

Mikeyorks

rb10 wrote: »

No, you don't need any other accounts at all.

See full T&Cs here: http://www.moneysavingexpert.com/shopping/section75-protect-your-purchases#deposit (page 17 has the extra conditions applying to the various GSRs).

You've corrupted your links!!

It is indeed on Page 17 ..... but this one gets you directly there, without having to change at both London and Glasgow!

http://www.halifax.co.uk/HelpCentre/pdf/1_336307-6.pdf

rb10

Mikeyorks wrote: »

You've corrupted your links!!

It is indeed on Page 17 ..... but this one gets you directly there, without having to change at both London and Glasgow!

http://www.halifax.co.uk/HelpCentre/pdf/1_336307-6.pdf

Thanks for spotting that