Halifax Current Account Rate Decrease due in Feb 2007

soozig

Just one final word about a high interest account- be aware that if you have more than £2500 in that account the interest rate drops for anything over and above the £2500 to 0.10%

cheggers

soozig wrote:

Just one final word about a high interest account- be aware that if you have more than £2500 in that account the interest rate drops for anything over and above the £2500 to 0.10%

I'm never in credit long enough for that to effect me, plus dont earn that much a month either.

enjoyincubus

Halifax's account will be £10 per month, with you getting the higher interest rate, AA road side assistance, world wide travel insurance etc etc

http://business.timesonline.co.uk/article/0,,9554-2495917,00.html

The article above is a bit unfair on the new Halifax account as it claims the new account is a blow to free banking. However this will be an optional account for customers who want the premium benefits, not a charge levied upon customers with a basic account, unlike some other banks - the free current account option will still exist.

I pay for the AA yearly insurance and world wide travel insurance anyway, so it will probably save me a bit of money (as long as the insurance deals don't come with loads of catches!)

regularsaver1

Yes they will be offering this account on top of the high interest one = not replacing it