Halifax Reward Current Account - pays you £5 per month.

Lex_Marshall

Hi Jennifernil

Just started this escapade and wonder how you got 6 accounts? I can figure 3 alright between Halifax and RBS (is it 3 with each?). Appreciate advice.

YorkshireBoy

Lex_Marshall wrote: »

Hi Jennifernil

Just started this escapade and wonder how you got 6 accounts?

She said "We have £1000 circulating through 6 accounts...", the inference being there are two of them and they have 3 sole accounts each.

Halifax and RBS

I think you mean Bank of Scotland (BoS), the Royal Bank of Scotland (RBS) has no connection to Halifax.

stowupland4

I have just opened a reward A/c I am transferring £1 in on Tues. Once I know that has worked I will move in, then out, my £1000.
How soon do you think I can open another 2 A/cs, (do I have to wait for a letter confirming this first A/c)?

KickandRun

You put your one grand in, you take your one grand out, in, out, in, out, shake it all about ...

Having 'sung' all that, I just be sticking with 2 accounts, don't want to risk losing £10 for the sake of an extra fiver.

SquareHome

Hi - I've got 3 Halifax Reward Accounts but my mother's Halifax branch has told her that she can only have 1. Could anyone point me to where the eligibility to hold 3 Halifax Reward Accounts is noted in the terms and conditions so she can have proof that she is allowed to open 3?

Ta,

SquareHome

rb10

SquareHome wrote: »

Hi - I've got 3 Halifax Reward Accounts but my mother's Halifax branch has told her that she can only have 1. Could anyone point me to where the eligibility to hold 3 Halifax Reward Accounts is noted in the terms and conditions so she can have proof that she is allowed to open 3?

Ta,

SquareHome

See the T&Cs, here.

Look under 'Halifax Reward Account - Special Conditions' on page 5. It says:

b) Up to two account holders on an “either to sign” basis only. You can hold a total of three Halifax Ultimate Reward Current Accounts and Halifax Reward Current Accounts. For example, one joint Halifax Ultimate Reward Current Account and two sole Halifax Reward Current Accounts.

SquareHome

That's great - just what I needed! Thank you

MadMax2_2

Sorry if this has been asked before but can you open all your reward accounts together or is it best to wait a bit before each one?
Just opened one about a week ago so was wondering when would be best time to open others.

Thanks in advance.

fablad75

I know everyone's shuffling £1000 between their 3 accounts, but I'm too chicken to do it in case they get !!!!ed off and close my accounts! I want my £15 every month!

My salary's already going to one, so that's sorted. From next month I'm sticking £2000 into my Lloyds Vantage account and will set up standing orders to send £1000 each to the two remaining ones, and a few days later send it all back to Lloyds to collect the 2% interest (and fulfil the Vantage requirements as well!).

Simple!

YorkshireBoy

fablad75 wrote: »

Simple!

£1,000 NatWest 3.14% eSaver=>Reward 1
£1,005 Reward 1=>HICA
£1,000 HICA=>NatWest 3.14% eSaver
£1,000 NatWest 3.14% eSaver=>Reward 2
£1,005 Reward 2=>HICA
£1,000 HICA=>NatWest 3.14% eSaver
£1,000 NatWest 3.14% eSaver=>Reward 3
£1,005 Reward 3=>HICA
£1,000 HICA=>NatWest 3.14% eSaver

And, with FPs, all done in the time it takes to drink a cup of coffee.

Even simpler!