Halifax 7% Savings Account

Nomad25

This seems like a good deal - my partner thinks there must be a catch, has anyone got any thoughts?

Reaper

Not catch really except that you are commited to saving each month and must be careful not to forget (set up a standing order).

Read this first.

Sweetcheeks_3

I have had mine about 3 months now and its been great. I have had to alter the standing order once too (due to lack of funds over christmas), and you can do it online.

I shall be altering the standing order again this week for my next payment.

mary

No catch at all. Depends how much cash you have to spare, but you can also put a maximum of £500 p.m. with Abbey for 7% too, whereas with Halifax you are limited to £250 p.m.

lipidicman

So get both - and you have a £750 limit

mephisto_2

Do you have to keep these up for a year?

Also, can you have the full 500 for the fiurst few months and then reduce it to 20 or something untill the end?

mephisto_2

Another question :-[

I will be goin to uni next september and may need the money before then. Can you withdraw it and keep the interest? What happens if you withdraw before the full year?

mephisto_2

Found the answers, Ill think Ill leave it then. I need easy access and egg is giving me that at 5.5