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!

So what's wrong with investing with Halifax ?

Please can you give your opinion on Halifax Guaranteed Reserve

http://www.halifax.co.uk/savings/growth_reserve.shtml

I appreciate that you have to invest a minimum £15K, but I was interested why this does not appear as a good deal?
;)!!!!!!There are More Questions Than Answers!!!!!!:eek:
:search: But I Just Don't Have Any Answers :idea:

Comments

  • someone
    someone Posts: 839 Forumite
    Part of the Furniture 500 Posts Name Dropper
    I think with £15k you should be looking at the money markets but im no expert
  • dunstonh
    dunstonh Posts: 120,181 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Are you after info on that "savings" product or why Halifax "investment" products are rubbish?
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • masonic
    masonic Posts: 27,893 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Not only is the investment minimum £15k, but you have no way of getting at the money in the first 6 months. More flexible accounts exist with similar or better rates.
  • cheerfulcat
    cheerfulcat Posts: 3,406 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I appreciate that you have to invest a minimum £15K, but I was interested why this does not appear as a good deal?
    Because there are stacks of better ones? Have a look at moneysupermarket.com
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
  • 352.1K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K 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.