Halifax reward 3 DDs?

thegreenmonkey

jonesMUFCforever wrote: »

You do need 2 now but why would you bother as interest rate is only 1.5%?

This happened last year... as a member of this forum, I would be ashamed if this happened recently :cool:

Archi_Bald

thegreenmonkey wrote: »

jonesMUFCforever wrote: »

You do need 2 now but why would you bother as interest rate is only 1.5%?

thegreenmonkey wrote: »

This happened last year... as a member of this forum, I would be ashamed if this happened recently :cool:

May be you are in some sort of a timewarp? Lloyds Vantage reduced to 1.5% [if you meet the newly introduced requirement of 2 monthly paying DDs alongside the min monthly deposit] in July 2014. Until then, it was 3% with no DD requirements (but £1K min monthly deposit).

But whenever it happened, there is no reason for any of the forum members to be ashamed about it as none of the forum members changed the interest rate.

colsten

thegreenmonkey wrote: »

This happened last year... as a member of this forum, I would be ashamed if this happened recently :cool:

What happened last year?

If you are you saying you are the one who sets Lloyds Vantage interest rates, we'd all be delighted to have a natter with you . Can you clarify please?

Westie983

Hi,

Reward payments are paid on the 2nd of each month, providing you have
1. Remained in credit the previous month (1st -31st)
2. Credited £750 into the account
3. Paid two different direct debits the previous month.

There has been some confusion about what direct debits count, for example Tesco internet saver DD only count as one even though you can set it up to take money twice a month it uses the same merchant number, but does work for Tesco internet Saver and Tesco Instant acces Savings Account. For the reward to be missed in September 2nd this will relate to direct debits and credits in August.

OP check the dates your direct debits were processed or if the credits that month exceeded £750, and you didn't go into a overdrawn balance at any point in August.

If there has been a mistake which is rare as it paid automatically contact your local branch they will check and credit your account with the missing reward payment. For it not to be paid I would assume you have not met the above in the month of August and I am going to make a judgement call that the OP had a overdrawn balance at some point in the month.

Going forward as long as the above criteria is met you will continue to get the reward payment even though you didn't qualify in August.

Hope this helps

LittleVoice

colsten wrote: »

What happened last year?

If you are you saying you are the one who sets Lloyds Vantage interest rates, we'd all be delighted to have a natter with you . Can you clarify please?

I read thegreenmonkey's post as "this" being the giving of incorrect information (two DDs being required for a Vantage account) by a "branch manager" and that they would be "ashamed" if they had opened a Vantage account since the changes to interest rates paid.

thegreenmonkey

LittleVoice wrote: »

I read thegreenmonkey's post as "this" being the giving of incorrect information (two DDs being required for a Vantage account) by a "branch manager" and that they would be "ashamed" if they had opened a Vantage account since the changes to interest rates paid.

:T Woops, sorry for the confusion.

2010

Here is a thread where it gives a list of DD ideas to set up if you`re stuck.
First post.

https://forums.moneysavingexpert.com/discussion/4168667