Halifax Regular After 1 Year

alared

Once again I can only repeat what happened in my case.
Everything was transferred to my nominated account on the correct day but a new regular saver started automatically albeit at the new 7% rate.
I had to go to the Halifax and sign to cancel the SO.

lipidicman

The manager at my branch confirmed this and it looks like other's experiences here are the same

The SO continues (if you set it up to) and you get a new regular saver at 7%

End of story

My advice when asking for information at Halifax? - ask two people at two separate branches, if you are still unsure phone the telephone line. Its amusing to see the variety of responses you get. Great accounts, crappy staff!

alared

"My advice when asking for information at Halifax? - ask two people at two separate branches, if you are still unsure phone the telephone line. Its amusing to see the variety of responses you get. Great accounts, crappy staff!"



Lipidicman
I think you could apply your above advice to quite a few companies in this country!

lipidicman

You are probably right - its just this new type of account that has really confused the halifax staff.

I had a really complex question for them yesterday. My RegSaver was opened around the 20th of the month. My Standing Order goes in on the 3rd of the month. So my last payment has gone in the 3rd of March. And the next payment (April 3rd) will go into a new RegSaver at the new rate. But the old one wont pay out until April 20th. So I will have two for a couple of weeks. Again I had to ask the branch manager!

Afahmaep

I've just returned from my local HALIFAX branch having just activated the Instant Saver account that the Regular saver will be swept into by confirming my identity. (I've been with them for 13 years and had a mortgage with them!). My maturity date is 01/11/05.
Fortunately my S/O is open ended so at the same time I upped the monthly amount from £100 to £250 into the Regular Saver effectively starting another year from scratch.
The advisor confirmed that I could transfer my Instant Saver balance with added interest to my Current Account online on maturity i.e 01/11/05.
But talk about cat getting the cream.
As a parting shot I broached the possibility of getting a credit card with them.
Having been refused four times in the past four years (including Sainsburys CC part of HBOS Group on 15/06/05) by applying online lo and behold the increasingly attractive advisor said 'YES' albeit with a 2% BT fee capped at £50.
I've now got my guaranteed funding for my Regular Saver.YIPPEE!