Halifax Halifacts Halifiction

xrjtg

We're saved from dividing by zero by the £1000 monthly funding requirement, although as the banks get quicker at processing Faster Payments the equivalent interest rate will grow arbitrarily large!

noh

xrjtg wrote: »

We're saved from dividing by zero by the £1000 monthly funding requirement, although as the banks get quicker at processing Faster Payments the equivalent interest rate will grow arbitrarily large!

Yes but what if the source of the £1000 is an overdraft facility on the same account?

TOP_CAT

Listening too all the pro bankers on here is nothing more than sailing with a ship of fools.

They actually think people listen too them,posting how right banks are and giving advice in the banks favor over the customer.
T&C,s are the favourite mantra now,sounding like religious nut cases pushing the banks vested interest.

The banks when taken too account correctly, which is made long and differcult for the customer can have results.

This is what you must do and relise its a life learning curve in the beginning later getting easier.

After all,if you are using them for 50 years plus it pays too know how too fight them sooner rather than later.You can never win everytime as we know.
You must start from a place of complete and utter mistrust then you will be on target for the future .
Bankings not free, the advice and who you listen too on here is though.
I would choose carefully .

exel1966

TOP_CAT wrote: »

Listening too all the pro bankers on here is nothing more than sailing with a ship of fools.

They actually think people listen too them,posting how right banks are and giving advice in the banks favor over the customer.
T&C,s are the favourite mantra now,sounding like religious nut cases pushing the banks vested interest.

The banks when taken too account correctly, which is made long and differcult for the customer can have results.

This is what you must do and relise its a life learning curve in the beginning later getting easier.

After all,if you are using them for 50 years plus it pays too know how too fight them sooner rather than later.You can never win everytime as we know.
You must start from a place of complete and utter mistrust then you will be on target for the future .
Bankings not free, the advice and who you listen too on here is though.
I would choose carefully .

Just like this thread, another pointless post !

Robert_Sterling

exel1966 wrote: »

Just like this thread, another pointless post !

from EXCEL1966.

LongTermLurker

TOP_CAT wrote: »

Listening too all the pro bankers on here is nothing more than sailing with a ship of fools.

They actually think people listen too them,posting how right banks are and giving advice in the banks favor over the customer.
T&C,s are the favourite mantra now,sounding like religious nut cases pushing the banks vested interest.

Er, I think you'll find most people on here are actually taking Halifax to the cleaners, it's hardly giving advice in the banks' favour (note the u...) - most are switching a grand in and out per month to get £60 a year from them - some of us are getting £180 a year from them and there are others creaming off £360.

I think what you're missing, is it's those who went to school and learned to read, spell and add up (the 3 Rs, if you're over 50) that can read and understand the Ts & Cs, can write a legible post on the forum and can calculate the pros and cons of gaining interest vs paying interest.

exel1966

Robert_Sterling wrote: »

from EXCEL1966.

Who? I know it's hard to grasp reality and fact even when it's written in plain English before your very eyes !;)

Joe_Bloggs

For how long can savvy Halifax account holders stay ahead of those that would incur charges on their feeble balances ! Some would would say not for long as they have nothing that they can give to us. I would say forever as clever marketing can assist in this situation. Better to market aspiration rather than reality.
Alas it it does not make me feel in anyway richer by exploiting the ignorant or downtrodden/unfortunate . I will have exploited them anyway by default . I might try and give my opinion but opinions are like ...

J_B. (Thanks for the interest.The monthly fivers etc.)

masonic

Joe_Bloggs wrote: »

Alas it it does not make me feel in anyway richer by exploiting the ignorant or downtrodden/unfortunate . I will have exploited them anyway by default . I might try and give my opinion but opinions are like ...

J_B. (Thanks for the interest.The monthly fivers etc.)

There's absolutely no reason to think Halifax would reduce their interest charges if nobody was exploiting the free fivers.

noh

masonic wrote: »

There's absolutely no reason to think Halifax would reduce their interest charges if nobody was exploiting the free fivers.

Is it possible to reduce the interest charge below the current level of 0%?