Halifax reward account online now, and the old accounts....

withnell

The reward payment comes in at the beginning of the following month - so no one will have it yet

withnell

10_66 wrote: »

No £5's in mine yet, they've been too busy reducing the interest rate of their Web Saver Reward (July 08 one) to 1.80%.

As the websaver reward pays a fixed rate, how can the rate of an already opn account be reduced?

opinions4u

withnell wrote: »

As the websaver reward pays a fixed rate, how can the rate of an already opn account be reduced?

3 different Web Saver Rewards.

One was BofE+ 0.8% for a year.

Mine is 5% fixed :rotfl:

10_66

withnell wrote: »

As the websaver reward pays a fixed rate, how can the rate of an already opn account be reduced?

Different Web Saver Reward. The one I referred to was opened in July 08 (as mentioned in my post) and is variable with a 12 month bonus. There's another Web Saver Reward (Nov 08), which is fixed at 5% for 12 months (as long as no more than 4 withdrawals are made in the 12 months). Not to be confused with their 1 Year Fixed Rate Web Saver (also Nov 08) of 6.50%.

LongTermLurker

... or the Guaranteed Saver Reward or Reward current account, even. (Wasn't there also a "saver reward"?)

They do like to confuse the hell out of people with similar-sounding accounts, don't they?

msaquib

is there anyehere on there website to say when reward payt will be credited?

Today they have credited me with an int of 34p?

MS

10_66

I can't find it anywhere in their T&C's or on their website, but other posters have said that the £5 reward will be credited on the 1st working day of the next month ie 2 March, (as long as there has been a balance of £1,000 during the previous month).

LongTermLurker

All I read was "the reward will be paid the following month", which I took to be the end of the month - so if you fund it in Feb, reward would be added at the end of March. I may be wrong. All you can do is wait and see. It'll come.

edit - http://www.halifax.co.uk/bankaccounts/pdf/Halifax-Reward-Terms-and-Conditions.pdf - section 4

If you pay in £1,000 or more during any month you will receive one reward payment the following month

Grade_A_Reject

10_66 wrote: »

I can't find it anywhere in their T&C's or on their website, but other posters have said that the £5 reward will be credited on the 1st working day of the next month ie 2 March, (as long as there has been a balance of £1,000 during the previous month).

Interesting point. You mentioned a balance of £1000, the T&Cs say "if you pay in more than £1000 during any month". So, if i paid in then withdrew 4 x £250 I'd have credits totalling £1000 although the maximum balance would have only been £250.
I'm assuming their system totals the credits into the acount to see if these are greater than £1000.

(Phase 2 of plan is being formulated) :rolleyes:

Mikeyorks

Grade_A_Reject wrote: »

I'm assuming their system totals the credits into the acount to see if these are greater than £1000.

To be pedantic .... I think they will roll up the monthly credits and check they are equal to / or greater than £1000. As yours do .... there should be a net £5 credit tomorrow.