Halifax ripping children off

aspiration_2

Halifax has its faults. But they do write to you at the end of fixed periods.

Others like AllianceLeicester/Satander never write/inform and gleefully wait for customers to trip up at the end of fixed periods.

Nickfrog

Meeper wrote: »

Went into a branch to open it in the first place though.....

Regardless, as you rightly say, she has the right to a whinge. So, whinge over, thread complete, there is nothing worthwhile left to do here. Not that there was in the first place.

Moving on.

Thanks for your repeated instructions to "move on", whatever that means, and whatever your motivations are.

Can I suggest that YOU "move on" and stop posting in this thread unless you have something useful to add. It looks like at least one person found this thread useful as a heads up so your "advice" to move on is pretty poor.

Any issues, please kindly PM me.

Thank you.

HoneyAndLemon

bendix wrote: »

In related news, I have categorical proof that Halifax not only rip children off, but if they go into branches unattended, they are usually kidnapped and made into soup so that evil bankers get even fatter.

LOL! You made my day with this post.

A^S

I had similar with my own (adult) regular saver a couple of months ago. I had been deciding whether to continue with it or not as the rate was not amazing so it was actually handy that they converted it it a very poor account, hence making my decision for me. (Of course I shifted the money out of that account as soon as possible and was able to do that online).

I had not appreciated the branch only aspect of renewing if I had wanted too, which is annoying as I am usually at work during banking hours.
I will now be prepared to make that appointment when the Childs Regular Saver finishes next year, as that is one I will want to keep going. Thanks for the info.

ses6jwg

aspiration wrote: »

Halifax has its faults. But they do write to you at the end of fixed periods.

Others like AllianceLeicester/Satander never write/inform and gleefully wait for customers to trip up at the end of fixed periods.

I know for a fact that is catagorically not true and has not been true for at least 2 years.

I have SEEN with my own eyes customers coming in with letters regarding the maturity of their fixed rate ISAs and bonds.

Also, unlike other providers that automatically pay a matured bond into an account paying 0.1% interest, Santander pay their bond maturities into a "Loyalty Bond" usually paying 1% fixed plus another 1.75 - 2% if the money is not touched for another year.

Money_maker

A^S wrote: »

I will now be prepared to make that appointment when the Childs Regular Saver finishes next year, as that is one I will want to keep going. Thanks for the info.

Ditto here and I rather suspect that given the excellent rate the Halifax are offering, the peeps on here will find a way to open a new one when theirs expire.

opinions4u

ses6jwg wrote: »

I know for a fact that is catagorically not true and has not been true for at least 2 years.

I have SEEN with my own eyes customers coming in with letters regarding the maturity of their fixed rate ISAs and bonds.

What about when bonuses drop off their non-ISA accounts?

jennifernil

Money_maker wrote: »

Ditto here and I rather suspect that given the excellent rate the Halifax are offering, the peeps on here will find a way to open a new one when theirs expire.

Unless they are in Scotland......in which case it probably means a rather expensive trip to Carlisle, which totally wipes out any interest on the account in most cases.

ses6jwg

opinions4u wrote: »

What about when bonuses drop off their non-ISA accounts?

Yep, when the bonus on a Branch Saver etc ends a letter is also sent, I've also seen these in the flesh.

Not for the eSaver, however.

aspiration_2

ses6jwg wrote: »

I know for a fact that is catagorically not true and has not been true for at least 2 years.

I have SEEN with my own eyes customers coming in with letters regarding the maturity of their fixed rate ISAs and bonds.

Also, unlike other providers that automatically pay a matured bond into an account paying 0.1% interest, Santander pay their bond maturities into a "Loyalty Bond" usually paying 1% fixed plus another 1.75 - 2% if the money is not touched for another year.

Perhaps for ISAs. Certainly they do not pay 1% for people who forget their end of year bonus dates - for 'esaver' - which probably is one of the most used savings account.