New Halifax High Interest Current Account

Lorian

s71hj wrote:

does anybody know if you can convert an existing halifax current account into the high rate saver. Also can you convert an existing halifax current account into the halifax cashback current account.

I rang them. They said they are sending me a "pack" which includes a form to move over my existing account, keeping same account number and sort code.

Better check other T&C's are OK when it arrives.

Rubyjam_2

s71hj wrote:

does anybody know if you can convert an existing halifax current account into the high rate saver. Also can you convert an existing halifax current account into the halifax cashback current account.

Rich_T wrote:

Can the 1000GBP be made by transfering funds from one account to the other?

Also what is the on-line banking like?

Regards

Yes and Yes

Thankyou for posting and the link.... I just called them and they will 'redesignate' my 2 current accounts to higher interest ones. No need for a credit check for existing customers. Had to arrange a standing order while I was speaking to the advisor for £1000.00 to go from one account into the other to get the rate on both but I can always transfer it back again

It was all a bit too easy ..... there must be a hitch somewhere :cool:

Now waiting for the T&C's and info pack to arrive

buses7675

Hi All,

So then, supposing they'd let you open two accounts (one a high interest account, one a moneyback account), you could keep the £1000 in the high interest account most of the time (just transfering it to and fro once a month), you could earn 5.12% AER on your money (as this is a higher rate than their online saver account), yet still be able to get 1% cashback on any odd debit card purchases you made!

This would be good for people who use moneyback credit cards for almost everything, but do odd shops at Netto/Aldi/Lidl etc who don't accept credit cards!

Sounds good that!

Cheers

Steve

M_Thomson

buses7675 wrote:

Hi All,

So then, supposing they'd let you open two accounts (one a high interest account, one a moneyback account), you could keep the £1000 in the high interest account most of the time (just transfering it to and fro once a month), you could earn 5.12% AER on your money (as this is a higher rate than their online saver account), yet still be able to get 1% cashback on any odd debit card purchases you made!

This would be good for people who use moneyback credit cards for almost everything, but do odd shops at Netto/Aldi/Lidl etc who don't accept credit cards!

Sounds good that!

Cheers

Steve

Where would you get the funds to use to spend on your Moneyback account?

buses7675

M_Thomson wrote:

Where would you get the funds to use to spend on your Moneyback account?

Hi All,

Leave about £50 or so in it as a going balance and top up as necessary after any spends!

The overall idea would be to not leave too much in though as the interest rate on it is only 0.5% AER, compared with 5.12% on the high interest account!

I don't have any Halifax current accounts at all at present, so not sure if they'd actually let you do that though!

Cheers

Steve

Poppy9

A Halifax employee told me a few years ago when they first introduced interest on current accounts if you paid in £1000 per month that you could transfer between accounts to make this amount. Internet banking makes it so much easier. I used to have to withdraw cash and then pay it back in!!

I also get my DD 10% interest on her savings. I opened a regular saver account in her name. I pay the money each month from my account to the regular saver. I then transfer the money from her 5% saving account to my bank account so the net effect is that she is now geting 10% on her savings.

allycat999

Thanx OP. Have used call back on Halifax website, My account will be reassigned to the higher interest, account number ect will remain the same so no need to alter D/D S/O ect. Brilliant :j

Mikeyorks

Rich_T wrote:

Also what is the on-line banking like?

That bit appears to have escaped an answer?

It's excellent. Have used it ever since they created online facilities and find it easy / flexible to use. All your accounts can be brigaded into a single Portfolio and you can set up re-usable transfers between them - in addition to the usual SOs / bill payments etc. And the Halifax systems now run both Sat / Sun / Bank hols (i.e. not only is the online available - but the background systems are active and move money around. But, of course, cheque clearing etc is national - and that still only works standard days!)

chriss1979

allycat999 wrote:

Thanx OP. Have used call back on Halifax website, My account will be reassigned to the higher interest, account number ect will remain the same so no need to alter D/D S/O ect. Brilliant :j

Same here! Very pleased :j

alared

Called in branch yesterday and filled in a simple form and transferred to the higher rate

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dead easy.