HBOS 0.2% Reward

bongoali

opinions4u wrote: »

Snap.

How's life away from the dark side?

If the account remains open, you get the 0.2%. If you close it, you don't.

Many thanks

rb10

opinions4u wrote: »

Snap.

How's life away from the dark side?

Great, thanks.

10_66 wrote: »

I thought that after 12 months you dropped to the ISA Saver Direct account rate (according to their t&c's when I opened mine), which currently pays 1%.

The standard account rate is independent of the bonus rate. So you get your standard rate for a year from opening/upgrading ((accrued throughout he year and paid on 5th April). You also earn 0.2% for year from registering for this, also paid on 5th April.

2010

From what I was told over the phone recently my ISA Direct Saver anniversary date will be 30th April 2012, when the 3% interest is added to the account.

I`m also assuming that because they have discontinued the extra .2%, this will also be added on the same day.

Comments please.

10_66

rb10 wrote: »

The standard account rate is independent of the bonus rate. So you get your standard rate for a year from opening/upgrading ((accrued throughout he year and paid on 5th April). You also earn 0.2% for year from registering for this, also paid on 5th April.

But after the 12 months the interest rate drops to that of the ISA Saver Direct (currently 1%). I opened mine mid March 2011, so from mid March 2011 to mid March 2012 I'm earning 3%, plus 0.20%. After mid March 2012 (when the 12 months is up) I'm only earning 1% (ISA Saver Direct rate). That's according to Halifax's t&c's when I opened the account.