Halifax Reward and BOS Reward

PeterDuckett

Just looking at the terms and conditions of these accounts but can't see anywhere that you cant have current reward accounts with both.

Does this mean me and my partner could cycle 1k around 6 accounts gain around 36% interest a year or is this just not possible

74jax

you can have a max of 2 accounts each (1 joint). Unfortunately you've missed the deadline for 3 accounts each.

PeterDuckett

Yes I understand that but i cant see anywhere that it says you cant do it across Halifax and BOS ev en though thay are the HBOS group

YorkshireBoy

I believe they've got wise to the BoS/Halifax speculators.

Having one now seems to prevent you from getting the other. Even if you manage to get another one open the chances are they'll subsequently close it as they have with many of us.

PeterDuckett

But their is no actual Condition under which they can do this?

YorkshireBoy

PeterDuckett wrote: »

But their is no actual Condition under which they can do this?

How about the one that says "we can close your account at any time with 2 months notice"?

See condition 28.2

jambosans

Halifax_Reward_Current_Account_T&C's wrote:

1.2 In these conditions ‘we’, ‘us’ and ‘our’ means Bank of Scotland plc (Halifax is a division of Bank of Scotland).

So in effect, a Halifax Reward Current Account is a Bank of Scotland Reward Current Account, so the same terms & conditions apply, regardless of branding. They do not operate as separate entities, it's the same bank.