Old halifax liquid gold account

skaps

The OH has an old halifax liquid gold account which he has the details too and can access it via online banking but there is no where online where you have the facility to transfer the money out of the account. Would it be best to go into a branch with the details and prove of id to sort this out?

McKneff

There should be something that says 'make a payment'
Then it asks where you want it to go.
Just type in the account where you want it to go and bobs your uncle.

I do this with my cc payment each month.
And when the kids want money lol

skaps

He has looked and there does not seem to be one.

opinions4u

It's a passbook account that requires branch access. Any online functionality will be limited.

Any interest earned will be minimal.

bigadaj

Issnt that the one that used to have the arfer Daley advert, must have been there for twenty five years or more. Can't be getting much in interest I would have thought.

Reaper

bigadaj wrote: »

Issnt that the one that used to have the arfer Daley advert, must have been there for twenty five years or more. Can't be getting much in interest I would have thought.

[STRIKE]0.1%[/STRIKE] now 0.05%, see post 8 below
It's an example often used to demonstrate how banks & building societies keep bringing out new headline accounts while quietly dropping the interest rate on existing accounts.

vacheron

I had an old Halifax Instant Saver passbook account which I must have had since about 1996 and remember that you could add the accounts to your online banking page but only as "read only".

I then discovered that although you could not "push" the money from that account, it was possible to "pull" the money into another online account which I successfully managed, but unfortunately can't remember how.

This was also about 6-7 years ago so the systems have probably changed by now so I'd give the online banking helpdesk a call and see what they can do.

rb10

Reaper wrote: »

0.1%
http://www.halifax.co.uk/savings/interest-rates/personal-rates/previous/#Hx_Liquid_Gold

That is the 'Previous Rates' page - since 1st October 2009 it has been paying 0.05%.
http://www.halifax.co.uk/savings/interest-rates/personal-rates/#Hx_Liquid_Gold

Reaper

rb10 wrote: »

That is the 'Previous Rates' page - since 1st October 2009 it has been paying 0.05%.

Now that is taking the **** to halve the rate when they had already dropped it to 0.1%
I bet there are still a lot of these accounts around too.

rb10

Reaper wrote: »

Now that is taking the **** to halve the rate when they had already dropped it to 0.1%
I bet there are still a lot of these accounts around too.

Yep ... but if it's paying 0.1% then you're not going to use it for proper savings are you? So little difference between that and 0.05%.

There are still a lot of liquid gold's around, from what I have seen most are either old long-forgotten accounts with balances under £10, or are used as passbook-based current accounts, i.e. pension/benefits go in once a week, drawn out in cash and used for that week's spending.

There are still many current accounts that don't pay any interest - it is more akin to one of them than a savings account.

alanq

Halifax offers what appears to be an identical account that pays 10 times as much!

Passbook Saver 0.5%.
http://www.halifax.co.uk/savings/accounts/branch-accounts/

"Manage your money in branch only, view online"