Halifax Regular Saver rate deadline

apt

I know that there have been hints that Halifax was about to drop its 5% rate on the one-year Regular Saver before and it did not happen, but there are now large notices on the website stating that the 5% is only available for accounts opened and funded by 8 October. So if you want to secure the 5% rate you need to open the account with at least £25 in it by 8 October. If Halifax don't lower the rate or (unlikely as rate for the next year are slipping) even increase it there's nothing to stop you closing the account you've just opened and open another one at the new rate.

jimbow25

They do often say raes will end and then subsequently extend them but yes the end of this one does seem very prominently displayed at the moment:

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

I wonder what they are planning. Lloyds (now under the same ownership of course) have just cut theirs to 2% and it would be a bit deceitful to advertise it with a "get it now" message immediately before raising the rate so maybe it's going down again.

I am shopping around for a monthly saver - but I'm not wildly excited about 5% with no withdrawals allowed so I'm not sure even this is what I'm after right now. Maybe it'll be best to wait a few months before the right account crops up.

anna42hmr

its ashame if they are dropping the rates, i was hoping they would still have it at 5% when my current one matures on the 18th december! wonder what they will drop it too.

dont think i will continue funding it after the maturity if it is dropped too low, may just put the money in tesco saving account until something better comes along, especially as they have extended their bonus on my account till next november

anna42hmr

has any one spoken to halifax to see what the rate will be after tomorrows deadline or even if they are withdrawing it??

Pandora123_2

anna42hmr wrote: »

has any one spoken to halifax to see what the rate will be after tomorrows deadline or even if they are withdrawing it??

I spoke to someone at Halifax the other day and he said they were withdrawing the product.

Though perhaps they are changing the T&Cs, and will relaunch a "new" regular saver with different T&Cs and possibly a new interest rate.

rb10

Oooh, they are sneaky.

The new interest rate is: 5%.

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

noh

rb10 wrote: »

Oooh, they are sneaky.

The new interest rate is: 5%.

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

Its not even a new one with the same interest rate its still the same old one.
Looks like they decided not to withdraw it on the 8th.

Mr_K

The lying liars....

McKneff

Mr_K wrote: »

The lying liars....

:rotfl::rotfl::rotfl::rotfl:

anna42hmr

it has on the site now Offer extended until 16th October 2009.

so will be interesting to see if they extend again next week lol!