NEW INTEREST RATE of 4.1% for halifax Fixed rate Web Saver account starts today

Jimmyc

Today Halifax have increased there interest rates on there Fixed rate Web Saver account to up to 4.1% today, if you fix for 5 years

Seems very strange a struggling bank have increased there rates when the base rate has just fallen.

check page for details

http://www.halifax.co.uk/savings/fixedwebsaver.asp

Niksan

That's a 5 year term though ?

No withdrawals or additional deposits - after account opening


edit: or 4 years if you have a spare million

malik999

I think you shoud have included "5 year term ' in your subject line. Not a good deal imo

Jimmyc

you're prob right i should have put it in the subject line.

joemardo1

Hi all,

I think the alliance and leicester 2 year fixed rate bond is better for anyone having 30k to invest.

Its 4.01% or 3.94% if you want to take your interest on a monthly basis.
Another plus I think if you want to close your bond its only 90 days loss of interest, handy if you find that interest rates suddenly jump up by 2% or more in a years time.

Joe

mike_the_bike_2

Jimmyc wrote: »

Today Halifax have increased there interest rates on there Fixed rate Web Saver account to up to 4.1% today, if you fix for 5 years

Seems very strange a struggling bank have increased there rates when the base rate has just fallen.

check page for details

http://www.halifax.co.uk/savings/fixedwebsaver.asp

Well that will be very nice in 18% months time if we have interest rates at 8 or 9 % and the saucepan blown off the lid with ramping inflation!...Thanks for letting us know but I'll pass on this one and take my chances on one year bonds

oldfella

so interest rates are the lowest ever, and you want me to fix for 5 years ?

luvpump

Sounds Rubbish to me , Rates could be a lot higher than that in two or three years & there are bound to be better alternatives in the mean time .