Halifax cuts saving rates

rotate

Hi
Do'nt know whether this has already been reported and i have missed it,but have just read that Halifax has cut 0.25% from some off its a/cs.
Web saver,Instant saver and Premier savings direct.

bristolleedsfan

rotate wrote: »

Hi
Do'nt know whether this has already been reported and i have missed it,but have just read that Halifax has cut 0.25% from some off its a/cs.
Web saver,Instant saver and Premier savings direct.

think u should quote the full article which states "some savings rates have been decreased by UP TO 0.25%", with some savings rates having been increased.

http://www.guardian.co.uk/money/2007/nov/16/savings.banks

ashm1

Last 'tinkering' I remember they added tiering into the accounts. Now they've slashed the rates (after not passing on the full rises before), and created another account that looks like a turkey.

Presumably too many were using websaver accounts with a low current account balance as a treasury type system.

Speculator

New rates for Websaver without cashcard

/ Gross pa
Net pa
£25,000+
5.35%
4.28%

£5,000 - £24,999
5.30%
4.24%

£1 - £4,999
5.26%
4.21%

Milarky

Could just 'annoy' them by opening an 'extra' account for £1 with an entry in the draw?

YorkshireBoy

Milarky wrote: »

Could just 'annoy' them by opening an 'extra' account for £1 with an entry in the draw?

Sshhhh!

superstar_2

Was it 5.40% for £5000-24999 before?

superstar_2

The new Halifax Web Saver Extra is 6.25% gross ...

Speculator

but only one penalty free withdrawal allowed per year. I've just opened one with £1.00.

YorkshireBoy

superstar wrote: »

Was it 5.40% for £5000-24999 before?

Previous Rates

superstar_2

Speculator wrote: »

but only one penalty free withdrawal allowed per year. I've just opened one with £1.00.

HAHAHA, why £1.00?

It's one withdrawal per year, but if you decide to withdraw say for the second time - you would lose 30days of interest for the money that you withdraw. Is that right?

I am tempted to open one (Not £1.00 :P ) and put some money in at about 1% extra than the variable rate. Besides that, i can also try my luck with that lucky draw - Santa might give me a christmas prize :rotfl: