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HAS MARTIN GOT IT WRONG IN HIS NEWSLETTER Dated 21 Feb 2005?
Robert_Sterling_3
Posts: 7,112 Forumite
Writing about the Halifax Regular Saver which pays 7% per annum he tells us they are highjacking money from other banks. He says that is why you can't set up a standing order from a Halifax Account. What he appears not to know is that you can pay into the Halifax Regular Saver by a direct debit from your current account which itself, subject to certain conditions being met, pays 3% interest per annum. That is what I do.
...............................I have put my clock back....... Kcolc ym
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Comments
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Martin did get it wrong! In fact he got other things wrong about the Halifax Regular Saver account which were corrected when I PM'd him. I would suggest that you do the same!0
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Yes there was a technical error in the first draft of the artile, due to incorrect info from Halifax press office.
This is different though. Yes you can move money from your Halifax currrent account, but actually the real aim is to get a higher savings account. The main aim of halifax setting this account is to bring cash in from other savings accounts and leave it retained at the end in the halifax mill - while due to the current account anomoloy there is some minor cannibalisation it isn't a substantial issue.
Martin Martin Lewis, Money Saving Expert.
Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 0000 -
From halifax web saver to halifax current to Halifax regular saver - All by standing orders....0
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deemy2004 wrote:From halifax web saver to halifax current to Halifax regular saver - All by standing orders....
Yes, I've done the same!0 -
The halifax websaver does standing orders?
I so need one of these!0
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