Has your savings rate increased...

Graham_Devon

Halifax have put their mortgage rates up, had letter 3 days after the rise and mine rises from the date the BOE announced the rise.

I rang A&L as I had a problem with my direct savers account and asked them if they plan to put the rate up. She just stumbled and then said she cannot comment as no decision has been made.

regularsaver1

At Halifax the Isa saver direct has increased I noticed from website

and some of the fixed rates

YorkshireBoy

regularsaver1 wrote:

At Halifax the Isa saver direct has increased I noticed from website

It's showing 5.25%, as it has done since 1 December 2006.

regularsaver1

i thought it went up to 5% before as it was 4.75% before the change before last

It wouldn't have been higher than BOE rate would it ?

Kazza242

regularsaver1 wrote:

i thought it went up to 5% before as it was 4.75% before the change before last

It wouldn't have been higher than BOE rate would it ?

Halifax's ISA Saver Direct has been paying 5.25% since December 1st 2006. Please see this thread which announced the rate rise, here.

regularsaver1

I'm sorry guys. So they were paying more than the BOE then

Lets hope they increase it to 5.50% then

Kazza242

regularsaver1 wrote:

I'm sorry guy.

Don't worry about it, it was only recently that many savings rates were increased following the November BOE rate rise. Having another BOE increase so soon after the last one can cause confusion.

regularsaver1 wrote:

So they were paying more than the BOE then

Yes, they have been paying 0.25% above base rate on their ISA for sometime. The Websaver on the other hand tends to match base rate.

regularsaver1 wrote:

Lets hope they increase it to 5.50% then

Agreed. I hope they do increase it and by the full 0.25% again.

YorkshireBoy

regularsaver1 wrote:

It wouldn't have been higher than BOE rate would it ?

It was a full 0.5% higher than BOE base rate before they cut the rate without a BOE rate move last April/May.

So, even if they raise it by 0.25% now...it'll still be 0.25% below where it could (should) have been.

regularsaver1

Least its much better than the book branch based isa

and my isa investor is not doing bad either

Kazza242

YorkshireBoy wrote:

It was a full 0.5% higher than BOE base rate before they cut the rate without a BOE rate move last April/May.

I also remember when Halifax cut their rate at the start of the 2006/07 tax year. Here is the thread where the ISA Saver Direct rate cut was revealed.