Halifax Regular Saver

Mikeyorks

No - I think that's fairly exclusive to Santander / A&L. But my limited experience with SOs (even in the FP era) is that the initial payment takes some 48hrs to activate as it needs to get picked by the Batch system.

Joggerjo

Reading the above posts. I have just received the interest on two Childrens Regular Savings accounts with the Halifax. I did a calculation of the interest received and it was less than I thought it should be, I then did an online calculation which agreed with my amount. I then rang the Halifax the chap I spoke to agreed with me.

I wrote to the Halifax and even though they said they would get back to me in 7 days, 6 weeks later I chased to find out that I was in fact right, they had miscaluclated the interest on BOTH of the accounts. This is very scary as many people wouldn't check or even know how to. Their customer service about this matter has been appalling and I am still complaining to them because they have given me no explanation as to what happened. Someone mentioned feeling conned........!

nicko33

SKIPPY wrote: »

Maths was never by best subject so using the Savings Calculator on this site I entered that I was able to save £250 each month and to look ahead four months with an interest rate of 5%. This gave me 1,008.21. I then entered £500, for 8 months at 5% which gave me 4,059.38. So by those figures I worked out I should've received £67.59 in interest. Am I correct or am I looking at it all wrong

To get closer to what you would expect, you should add up the interest from (£250 for 12 months) + (£250 for 8 months)

rb10

Joggerjo wrote: »

Reading the above posts. I have just received the interest on two Childrens Regular Savings accounts with the Halifax. I did a calculation of the interest received and it was less than I thought it should be, I then did an online calculation which agreed with my amount. I then rang the Halifax the chap I spoke to agreed with me.

I wrote to the Halifax and even though they said they would get back to me in 7 days, 6 weeks later I chased to find out that I was in fact right, they had miscaluclated the interest on BOTH of the accounts. This is very scary as many people wouldn't check or even know how to. Their customer service about this matter has been appalling and I am still complaining to them because they have given me no explanation as to what happened. Someone mentioned feeling conned........!

That seems strange.

Out of interest, could you post a copy of the Halifax statement on here - showing the dates payments were received, and how much interest you got at the end of the term.