Halifax Web Saver rate increased to 5.00% (w.e.f. Dec 1)

Kazza242

Halifax have announced that they will increase the rate of their Web saver account from 4.75% to 5.00%, effective 1st December 2006.

The information has just been added to their website: http://www.halifax.co.uk/savings/home.shtml

System

Kazza242 wrote:

Halifax have announced that they will increase the rate of their Web saver account from 4.75% to 5.00%, effective 1st December 2006.

The information has just been added to their website: http://www.halifax.co.uk/savings/home.shtml

Do we know if this will lead to a rate increase for the 3 month, 6 month options etc

Kazza242

HertsSaver wrote:

Do we know if this will lead to a rate increase for the 3 month, 6 month options etc

The 3 month option has an interest rate of 5.20% gross (5.30% AER), while the 6 month option pays 5.25% gross (5.32% AER). Both rates are showing as being effective from 17 November 2006. It looks like Halifax may have already increased their fixed rate products, following the BOE rate rise to 5.00%. Although, I would check their fixed rate offerings again on or after December 1st, as they may launch some higher rate Web Saver fixed rate options.

Kazza242

Hopefully, Halifax will increase their ISA Saver Direct rate this week.