Halifax Regular Saver requirements query

Cee

The payment for the next month of a regular saver will be the date of the standing order, to keep the payments going.

The actual day of the transfer of funds I can't help you with.

All Halifax savings accounts can be viewed online. But it depends on how the accounts are run which add restrictions of what you can do with them online. Passbook accounts you can only view the balance nothing more.

I found that you can transfer out of an Isa Saver Direct but can't fund it using a transfer only standing order, which is disappointing.

I wasn't aware of the funding a reg saver via a websaver, I was going to say though, that a standing order to a bank account in order to fund the SO of the reg saver would have been another option, as long as you gave sufficient time for the clearance of funds.

With Hfax accounts this is instant.

I think i've mentioned this already but I find it difficult offering customers who just want to throw some cash into a savings account but can't afford the £500 min opening balance. Some already have an isa so we can't offer them that, some don't have access to the internet so we can't offer them a web saver that also allows min opening balance of £1.

I bite my tongue but would love to make you aware that when opening the regular saver you need to have a nominated account.
websaver min £1 balance at opening anyway.
Saver Reward £500
Instant Saver £500
Halifax Premium Savers Direct £500

(if 21 or under a £1 is sufficient )

When opening a regular saver you get one of the above accounts for a minimum opening balance of £1 so its funded waiting for the savings to go into at the end of the term of the Reg saver.

If you don't really fancy funding a reg saver but just want a savings account "on the cheap" fund one for about 2 months £50 (£25pm) then stop the standing order, the reg saver funds will be transfered into another account, all you have to do is get those funds place them in the nominated account and fund that one at your convenience...

We lose loads of applications because no one has the £500 to start saving with, which is silly really.

We do have the Liquid Gold that is a waste of time, you might as well just save £500 min opening deposit at home because you get no interest paid at all with one of these until your savings reach £500 anyway!!!

My last point here is at the end of the year of a reg saver, if you shop around for another savings account, at least then you have enough as an opening balance for anything so your money doesn't have to sit in any nominated account.

Those who invest the right amount can accrue £3000 for an isa for that year therefore getting tax free savings too.