Halifax ripping children off

ses6jwg

aspiration wrote: »

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.

Thats what you sign up for when you sign up for an eSaver.

You get a higher interest rate and you are expected to manage it yourself.

You cant have the penny and the bun, so to speak.

aspiration_2

ses6jwg wrote: »

Thats what you sign up for when you sign up for an eSaver.

You get a higher interest rate and you are expected to manage it yourself.

You cant have the penny and the bun, so to speak.

It is obvious we have to manage any account ourselves, whether low or high interest rate.

The whole point of this thread is that some banks DO write and others do not.

ses6jwg

aspiration wrote: »

It is obvious we have to manage any account ourselves, whether low or high interest rate.

The whole point of this thread is that some banks DO write and others do not.

And they also pay much less interest, the eSaver issue 4 is one of the best buys is it not?

The point I was making is the the eSaver is an online only account, and its 99% paperless with no annual statement and no end of bonus notification.

There are Branch based accounts which do come with the above such as the Instant Access Saver and the Branch Saver paying 2.5% and 2.3% respectively.

The reason the eSaver is 3.1% is precisely because the cost margins of operating the account are better - they don't have to pay to print statements and notifications for people and don't need to pay branch staff to operate the account.