Closing Halifax Web saver

ram123

Hi,

I opened a web saver last year with halifax and it has matured now. I moved the money out but want to close the account completely.

I had a look at the procedure to close the account on their website. It says to contact 0845 number. I dont want to waste my money to close the account.

Has any one know if i can write to a address to close the web saver?

Thanks

opinions4u

Halifax, PO Box 548, Leeds LS1 1WU (stamp required).

Or take a look at www.saynoto0870.com ... 0113 285 1888 might be a match.

Or drop a letter in to the local branch and ask them to forward it on.

(Don't forget Web Saver Extra might give you a better rate for your money).

assassin112

There are better internet banks that offer a higher rate compared to halifax. Everytime I login in to halifax online banking I am pushed to open a web saver account and I always decline.

Apreciar

johnconnor wrote: »

There are better internet banks that offer a higher rate compared to halifax. Everytime I login in to halifax online banking I am pushed to open a web saver account and I always decline.

I thought on this site that Halifax Websaver was the best clean account at 2.6%, why is this?

opinions4u

Apreciar wrote: »

I thought on this site that Halifax Websaver was the best clean account at 2.6%, why is this?

The orignial Halifax Web Saver used to be a cracker. But the rates fell ways between 2008 and 2009.

The Web Saver Extra is paying a decent 2.6% (2.8% if you bank with them too), but I wouldn't call it a clean account. It allows 1 withdrawal a year - subsequent withdrawals are subject to a loss of 30 days interest on the amount withdrawn.

For a high street provider, it's right up there.

Places like the AA pay 2.8% without withdrawal restrictions though.

I've not bothered reading the MSE definition of clean, but I suspect it means "gives the provider complete leeway to vary interest whenever they want".

Apreciar

From the savings section


Top clean-rate account (min. £100): 2.65% AER

Saffron BS. Unlimited withdrawals over £100.

If you want to avoid a bonus, the two top rate clean accounts come from Saffron Building Society (2.65%) and Halifax (2.6-2.8%)

Saffron Building Society 2.65% AER
The Saffron BS e-saver account (issue 2) requires £100 to open it and pays 2.65% AER allowing unlimited withdrawals, BUT they have to be in chunks of more than £100 at a time.
The lack of bonus means it's all genuine rate, but it is still variable so Saffron could choose to lower the interest you earn if it no longer wants to keep this account competitive.
Halifax / Bank of Scotland 2.6%-2.8% AER
The Halifax* Websaver Extra, pays a standard 2.6% AER and allows you to withdraw as much or as little cash as you like. Yet after the first withdrawal a year you lose 30 days interest per withdrawal but only on the actual amount withdrawn, so its likely to be minor.

ram123

opinions4u wrote: »

Halifax, PO Box 548, Leeds LS1 1WU (stamp required).

Or take a look at www.saynoto0870.com ... 0113 285 1888 might be a match.

Or drop a letter in to the local branch and ask them to forward it on.

(Don't forget Web Saver Extra might give you a better rate for your money).

Thanks for the address and I will send the letter on monday:D

samsonite

Simply transfer all of the amount leaving just one penny. One penny is less than the cost of phone calls or stamps. I have several accounts with Halifax, each containing one penny, which must cost Halifax more to administer (tax certificates etc).

All building societies want you to call them to close your account. They can then try to persuade you to stay, or open another of their short term accounts.

Strange that they allow you to open the account on-line, without a phone call.

Most other building societies want you to leave one pound in the account. I have a few Alliance and Leicester accounts with just one pound.

Play them at their game by opening their latest and greatest account and moving your money from their oldest and worst account - leaving one pence in the old account, if necessary. Eventually, you will have sufficient one penny, or one pound accounts to justify the phone call (or postage stamp) to close the lot.

opinions4u

samsonite wrote: »

Simply transfer all of the amount leaving just one penny. One penny is less than the cost of phone calls or stamps. I have several accounts with Halifax, each containing one penny, which must cost Halifax more to administer (tax certificates etc).

Could you really justify the environmental impact of the extra mailings that this creates?

YorkshireBoy

ram123 wrote: »

I had a look at the procedure to close the account on their website. It says to contact 0845 number. I dont want to waste my money to close the account.

Why not waste theirs instead?...

Don’t call us - we’ll call you! (I know it says bank accounts but they'll transfer you to the relevant department).

Mr_K

YorkshireBoy wrote: »

Why not waste theirs instead?...

Don’t call us - we’ll call you! (I know it says bank accounts but they'll transfer you to the relevant department).

Nice idea but the problem is once they've got your number they'll keep on calling you to sell their cruddy products.

Not so long ago Halifax used to have a nice button 'close account' on their online banking. They also used to clearly state the rate of interest. Both of these went as part of their 'website improvement programme' after the Lloyds takeover. More like the 'confuse the mugs and let their money languish in low interest accounts programme'