Halifax Web Saver Reward 2.8%-3.0%

Consumerist

The_Enforcer wrote: »

I have the 2.8% websaver reward with the reward 0.2%. Regarding the minimum balance of £1, would it matter if the account was emptied, but a £1 was paid back in later the same day?

The Ts&Cs say that the balance should not fall below £1.00 during the reward period. It is open to question whether the "balance" refers to the balance at close of business or the balance at any time.

I wouldn't risk it unless I had to but why not phone Halifax and ask? An email/secure message would be better so that you have a written record of what you are told.

Edit
It occurs to me that you may have inadvertently done this already. If that's the case then check the rate of interest being paid (link at top of account page); if it's 2.8% then you're ok whereas if it's 0.25% then you've breached the Reward conditions.

The_Enforcer

Consumerist wrote: »

Edit
It occurs to me that you may have inadvertently done this already. If that's the case then check the rate of interest being paid (link at top of account page); if it's 2.8% then you're ok whereas if it's 0.25% then you've breached the Reward conditions.

Yes this is the scenario - it's still showing as 2.8% currently, so fingers crossed. Thanks.

Consumerist

The_Enforcer wrote: »

Yes this is the scenario - it's still showing as 2.8% currently, so fingers crossed. Thanks.

Might be wise to check again for a few days - they're sometimes a bit slow to reflect changes online.

Hope you keep your 2.8%. Perhaps you would post again to confirm you were able put things right in time. Others might make the same mistake.

The_Enforcer

Consumerist wrote: »

Might be wise to check again for a few days - they're sometimes a bit slow to reflect changes online.
Hope you keep your 2.8%. Perhaps you would post again to confirm you were able put things right in time. Others might make the same mistake.

Well it's now four days later and it's still showing as 2.8%.

Consumerist

The_Enforcer wrote: »

Well it's now four days later and it's still showing as 2.8%.

Thanks for the update. :beer:

Phew! Could have been an expensive mistake.

atypical

Just been told that the 0.20% reward payment for this account is no longer paid separately, but is included in the anniversary interest payment. Can anyone confirm if this is true?

DragonQ

No idea but I should get interest tomorrow so we'll see.

glider3560

atypical wrote: »

Just been told that the 0.20% reward payment for this account is no longer paid separately, but is included in the anniversary interest payment. Can anyone confirm if this is true?

Yes, it has been paid together on both my Web Saver and ISA.

Consumerist

atypical wrote: »

Just been told that the 0.20% reward payment for this account is no longer paid separately, but is included in the anniversary interest payment. Can anyone confirm if this is true?

Mine was in a single interest payment too.

carpy

atypical wrote: »

Just been told that the 0.20% reward payment for this account is no longer paid separately, but is included in the anniversary interest payment. Can anyone confirm if this is true?

received a letter today saying that