Halifax's Young Saver

alandaniel132

Anyone know the current interest rate for Halifax Young saver?
It is no longer on sales.
But i opened last year. and received a letter saying will change to kid's saver on 10th December 2018.

so, will my current young saver follow kids's saver interest rate or follow the young saver interest rate when i opened which is (<£20,000, 2.00%)

pramsay13

Kids' Monthly Saver-4.50% gross/AER
Kids' Saver-2.00% AER/1.98% gross on balances from £1 - £5,000 0.20% AER/0.20% gross on any excess above £5,000

alandaniel132

i am asking Young saver halifax
suppose to >£20,000 for 2.00%

surreysaver

https://www.telegraph.co.uk/personal-banking/savings/woe-young-savers-halifax-axes-top-account/
As you say, 2%. Why are you asking the question if you know the answer?

Westie983

alandaniel132 wrote: »

Anyone know the current interest rate for Halifax Young saver?
It is no longer on sales.
But i opened last year. and received a letter saying will change to kid's saver on 10th December 2018.

so, will my current young saver follow kids's saver interest rate or follow the young saver interest rate when i opened which is (<£20,000, 2.00%)

It will change to the interest offered for the kids saver which is 2% for up to 5,000. The young saver limit was reduced to 5,000 in July so won't be the interest rate > 20k but you will get interest added before its changes on 10th December.

Westie983