Halifax Guaranteed Reserve Account

WelshSun

Hey there, I have about £1500 to put away for 2 to 3 years, and have been told this is a good intrest account if I dont need to touvh the money. So my question is, is it? and is the intrest I get going to be variable or the one I get on the day I open the account?

If you have any other suggestions, branches only please.

opinions4u

The rate is fixed, based on the rate available the day you fund the account.

Linky to account information that says "Interest rates are fixed on receipt of your opening deposit."

The rate is probably "mid-market". Look at www.moneyfacts.co.uk to compare other options. You will certainly be able to get higher rates from a range of internet providers, although Halifax and Nationwide tend to be among the higher payers on the high street.