We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Halifax Reward Accounts - how many can you have?

Hello - I opened three of these a few months ago, and shuffle £1,000 through each of them in turn every month to get my £5, and then return it to a high interest savings account. My 'haul' so far is £45 for a few clicks of the mouse each month.

My question is though, how many accounts can you have?

Now I've everything ticking over with the three quite nicely, I'd like some more... however... is there a limit?

Comments

  • D1zzy
    D1zzy Posts: 1,500 Forumite
    Queen-Bee wrote: »
    Hello - I opened three of these a few months ago, and shuffle £1,000 through each of them in turn every month to get my £5, and then return it to a high interest savings account. My 'haul' so far is £45 for a few clicks of the mouse each month.

    My question is though, how many accounts can you have?

    Now I've everything ticking over with the three quite nicely, I'd like some more... however... is there a limit?
    Only 2 permitted now - 1 sole and 1 joint
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    The limit is 3 if you have them in place already, or 1 if you are starting from scratch (although I believe you can also have a joint account to take that to 2).

    You could opened an Ultimate Reward account in December when the new charging structure impacts on that. £12.50 cost, but you can get £5 of that refunded.

    Add up the value of the insurances to you and see if £90 a year (net) is a cost worth paying.
  • Thanks all - it seems that I'm up to the max with my existing 3x accounts!!!
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 355.8K Banking & Borrowing
  • 254.9K Reduce Debt & Boost Income
  • 456.2K Spending & Discounts
  • 248.3K Work, Benefits & Business
  • 605.9K Mortgages, Homes & Bills
  • 179K Life & Family
  • 263.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.