Old Halifax Liquid Gold Account - Help Please

huw01

Good afternoon

Today I've received a letter from the Halifax saying that the terms and conditions on savings accounts are changing. I have no recollection of ever having a savings account with them at all. The letter shows the sort code and account number of the account.

I therefore went into the Bank of Scotland internet banking which I use for a rewards account I have and added the sort code and account number of the savings account the letter refers to.

The account is an old Halifax Liquid Gold account which I can honestly say I have no knowledge of ever having opened. However if I go into the transactions on the account on the internet banking it shows a handful of transactions from 1994 to 1997 with a closing balance of £3 in 1997 then remaining dormant.

Could somebody answer the following questions for me please ?

a) Can I claim interest from 1997 onwards ? (Cheeky I know)

b) Would I have been eligble for shares in 1997 when the Halifax floated ? If so, is it too late to do something about it now ? (I know they've subsequently been merged with HBOS then the LTSB takeover)

Many thanks in advance if you can help

Comyface

Hi huw01

To answer your questions:

a) I'm pretty sure the Liquid Gold only pays interest if your balance is over £50, so no
b) Shares were issued to people who held a share account with a balance of over £100 on two dates. I can't remember the exact dates I'm afraid, lost in the mists of time, but the first date was when the Halifax-Leeds merger and conversion announcement was made (1995?) and I think the second one was shortly before conversion (so, 1997). Depending on the balance in your account it might be worth checking. You wouldn't get shares now, unclaimed ones were sold a few years later, but you'd get the sale money.

Loughton_Monkey

Probably has an "antique" value. Liquid Gold was one of those accounts advertised by Arthur Daley (George Cole) on Television in the old days. Do you want to swap it for my Post Office Savings account - vintage 1957 - containing 1 shilling?

LilacPixie

liquid gold was an account with the old leeds building society I think..

rb10

LilacPixie wrote: »

liquid gold was an account with the old leeds building society I think..

Whilst the account may have been opened as a Leeds account, it will then have been transferred to Halifax when they took over Leeds.

The bank still offers the Liquid Gold account - http://www.halifax.co.uk/savings/accounts/other-savings-accounts/liquid-gold/

That web page also confirms the need for a minimum balance of £50 to earn interest.

opinions4u

LilacPixie wrote: »

liquid gold was an account with the old leeds building society I think..

It was.

Love the rate in this advert!

When Halifax [STRIKE]took over [/STRIKE]merged with Leeds Perm the name of the Leeds savings products was retained and the Halifax ones were mapped across.

SnowMan

For goodness sake not another gold thread :mad: