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Halifax reduce interest rate on HICA
Comments
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'Slightly Higher Interest Terminated' ....... so long as they don't deal in acronyms?
Ohh, the Halifax acronym game. I like this. How about Average Return from a Screwed-up Enterprise? Or judging by the number of people who come to me from them for their bills and such, how about Can't Undertake Normal Transactions?
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It earned me a nice £100 for doing not a lot other than feeding a £1,000 in for a few months, & that's a pretty fine rate as far as i am concerned!Ethical moneysaver0
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Ooh so norty!ShelfStacker wrote: »Ohh, the Halifax acronym game. I like this. How about Average Return from a Screwed-up Enterprise? Or judging by the number of people who come to me from them for their bills and such, how about Can't Undertake Normal Transactions?0 -
More than happy with the Halifax HICA, don’t want the interest as it makes no difference to my pocket, although I will enjoy the low AER on the overdraft and take necessary action once this is due to moved over to the pathetic £1 per day charge.
Since when has the world of computer software design been about what people want? This is a simple question of evolution. The day is quickly coming when every knee will bow down to a silicon fist, and you will all beg your binary gods for mercy.0 -
I suppose the HICA's 15.9% interest rate on approved overdrafts is now the lowest that the Halifax charge non-students and it hasn't been pushed up like the Nationwide Flexaccount. But I would not describe 15.9% as a low AER when base rate is 1%.0
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Isn't it worth keeping this account ready for when interest rates return to something normal again?0
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As Halifax are phasing out existing HICAs over this year there's little prospect of the interest rate rising.0
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