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Halifax Help To Buy ISA rate dropping!
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Westie983
Posts: 5,215 Forumite
Heads up,
Rate is due to drop on Tuesday 3rd May to 2.5%, for new applications.
Interested? open online or in branch before Sunday, to get the current rate of 4%.
http://www.halifax.co.uk/isas/cash-isas/help-to-buy-isa/
Rate is due to drop on Tuesday 3rd May to 2.5%, for new applications.
Interested? open online or in branch before Sunday, to get the current rate of 4%.
http://www.halifax.co.uk/isas/cash-isas/help-to-buy-isa/
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Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
£2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
Total £4095.19/£7332.95 = 55.84%
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Comments
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Holy moley. What's the source for that? Your link doesn't seem to mention the new rate.
Does that mean existing Halifax HTB accounts will continue to get 4%?: )0 -
Source please"If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)0 -
Flobberchops wrote: »Holy moley. What's the source for that? Your link doesn't seem to mention the new rate.
Does that mean existing Halifax HTB accounts will continue to get 4%?
Pretty sure OP is a Halifax employee, see also http://forums.moneysavingexpert.com/showpost.php?p=70585814&postcount=6 on the ISA board for answers to the above questions....george4064 wrote: »Source please0 -
They significantly misjudged the market at 4%.0
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Flobberchops wrote: »Holy moley. What's the source for that? Your link doesn't seem to mention the new rate.
Does that mean existing Halifax HTB accounts will continue to get 4%?
The 4% rate is a variable one, so if the interest rate goes down it will affect current customers
frogletinaNot Rachmaninov
But Nyman
The heart asks for pleasure first
SPC 8 £1567.31 SPC 9 £1014.64 SPC 10 # £1164.13 SPC 11 £1598.15 SPC 12 # £994.67 SPC 13 £962.54 SPC 14 £1154.79 SPC15 £715.38 SPC16 £1071.81⭐⭐⭐⭐⭐⭐⭐⭐⭐Declutter thread - ⭐⭐🏅0 -
Frogletina wrote: »The 4% rate is a variable one, so if the interest rate goes down it will affect current customers
frogletina
Many years ago, Halifax would maintain higher rates for existing customers.0 -
Frogletina wrote: »The 4% rate is a variable one, so if the interest rate goes down it will affect current customers
frogletina
They can have different rates based on date of opening.
But if they maintain 4% on a product where they've cornered the market I'd be amazed.0 -
Frogletina wrote: »The 4% rate is a variable one, so if the interest rate goes down it will affect current customers
frogletina
I should have said that being a variable rate it could go down, rather than will. I wonder how long it will be before they do reduce the rate for existing customers.
frogletinaNot Rachmaninov
But Nyman
The heart asks for pleasure first
SPC 8 £1567.31 SPC 9 £1014.64 SPC 10 # £1164.13 SPC 11 £1598.15 SPC 12 # £994.67 SPC 13 £962.54 SPC 14 £1154.79 SPC15 £715.38 SPC16 £1071.81⭐⭐⭐⭐⭐⭐⭐⭐⭐Declutter thread - ⭐⭐🏅0 -
PeacefulWaters wrote: »They significantly misjudged the market at 4%.
Promotional rate to attract business. Nothing more.0 -
They certainly got my business as a result of the 4%. Obviously it will be disappointing when it drops, but I'm not under any illusion that it will remain at that level forever. I'm sure most people realize it will go down eventually. Will reassess when it happens.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0
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