Screwed by the Halifax Regular Saver

opinions4u

SoloSailor wrote: »

I'm sorry to hear of your predicament RichCope....

I too may be in a similar situation. My December standing order left
Nationwide on the 23rd but never arrived untill the 29th due to the xmas
hols, the account states the 28th. However my account is still open and I have still been able to put my money in every month since. However the T&Cs state standing orders need to be sent no later than the 23rd. So I don't know if I am in breech of the T&Cs or not. Only 2 months left. Can anyone advise if my RegSaver will get the proper interest or not?

As long as they receive the standing order within the calendar month, you'll be fine.

bagsacash

It's time people were expected to take responsbility for their own actions, instead of automatically blaming others for their mistakes.

I like that one, just a pitty the banks, especially ,didn't take responsibility for their actions and bail themselves out of the almight sh*te hole they have put themselves in.

One lesson that sould be learned is don't open an account that has cr*p terms and conditions, regardless of the rate, unless you know for certain you can comply.

D1zzy

bagsacash wrote: »

I like that one, just a pitty the banks, especially ,didn't take responsibility for their actions and bail themselves out of the almight sh*te hole they have put themselves in.

...put US in!!!

opinions4u

bagsacash wrote: »

One lesson that sould be learned is don't open an account that has cr*p terms and conditions, regardless of the rate, unless you know for certain you can comply.

This is the case with every contract in life. But to use the product web page, there is little crap about:

• Minimum/maximum balance - just save any amount between £25 and £500 every month by standing order
• For example - save £500 every month and earn £129.53 gross (£103.63 net) interest after 12 months
• No hassle - simply set up a standing order so the payment is automatically paid each month (must be on or before the 28th of each month)
• Flexible - you don't have to save the same amount each month. You can save from £25 up to £500 - simply change your standing order to suit you
• No withdrawals or missed payments - during the 12 months otherwise this account will close. The money you've saved (plus any interest - which will be paid at current Halifax Web Saver - without cash card rate) will be transferred to a nominated Halifax/Bank of Scotland savings account

How the hell are they meant to make it clearer?

SoloSailor

opinions4u wrote: »

As long as they receive the standing order within the calendar month, you'll be fine.

Thanks for the advice, that's reassuring! Next time I will set up a regular
standing order for the 1st of every month. Even if it's just for the minimum
ammount and then ammend it "UP" if I have more funds available!
If there is a next time that is, with the current paultry interest rates.

Castleman

Halifax have been the best bank I've dealt with. Everytime I ask them a question they give a straight answer. Never had a problem, but I guess that's because I've kept to the t's and c's.

baby_boomer

richcope1 wrote: »

I had enough to put £5000 into the Garuanteed saver account @6.25% so it unlocks the 12% they pay one the regular saver.

Well done the Halifax for offering such great rates