Halifax Reward Account changing to £3 charge with “lifestyle rewards”

dcs34

stehouk said:

veryintrigued said:

crumpet_man said:

They never said rewards alone.  
Switching bonuses, extra interest from regular savers and more go towards that figure of £250.

This....

For most of us there are no switching bonus left that we have not already done, i'm coming to end of my last 5% reg saver, marcus been cut twice, premium bonds been cut, help to buy isa been cut, nationwide cut everything.
Please show me where i can earn £250 per month, i would be extremely grateful.

Open 5 TSB current accounts through Quidco each month...

latinaid

dcs34 said:

Open 5 TSB current accounts through Quidco each month...

For that cashback, do you know what counts as a 'transaction'? Does a transfer in / out count, or does it have to be a DD or debit card payment? how about a standing order?

colsten

latinaid said:

dcs34 said:

Open 5 TSB current accounts through Quidco each month...

For that cashback, do you know what counts as a 'transaction'? Does a transfer in / out count, or does it have to be a DD or debit card payment? how about a standing order?

There's a separate thread about that offer. Some of the people who got the first tranche of payouts have posted what they did.

xlnc99

veryintrigued said:

stehouk said:

veryintrigued said:

crumpet_man said:

They never said rewards alone.  
Switching bonuses, extra interest from regular savers and more go towards that figure of £250.

This....

For most of us there are no switching bonus left that we have not already done, i'm coming to end of my last 5% reg saver, marcus been cut twice, premium bonds been cut, help to buy isa been cut, nationwide cut everything.
Please show me where i can earn £250 per month, i would be extremely grateful.

Having the capital in the first place is key.

For someone cash strong, say £100k, and average RS interest rate of 2.5% (this was a achievable rate up until the last few weeks) that's £2.5k (or over £200 per month) straight away.

That's negating any other offers.

Not that I'm saying that's what you should or should not be doing.

I'm saying it's do-able - but lots more work nowadays as less opportunities.

For arguments sake 100k at 2.5 interest is 2.5 per year. Do you know how much that bank makes with your 100k. Try at least 50% per month from that 100k that you have given them. They make 50% at least from your 100k and give you back 2.5%. Sounds fair

veryintrigued

xlnc99 said:

veryintrigued said:

stehouk said:

veryintrigued said:

crumpet_man said:

They never said rewards alone.  
Switching bonuses, extra interest from regular savers and more go towards that figure of £250.

This....

For most of us there are no switching bonus left that we have not already done, i'm coming to end of my last 5% reg saver, marcus been cut twice, premium bonds been cut, help to buy isa been cut, nationwide cut everything.
Please show me where i can earn £250 per month, i would be extremely grateful.

Having the capital in the first place is key.

For someone cash strong, say £100k, and average RS interest rate of 2.5% (this was a achievable rate up until the last few weeks) that's £2.5k (or over £200 per month) straight away.

That's negating any other offers.

Not that I'm saying that's what you should or should not be doing.

I'm saying it's do-able - but lots more work nowadays as less opportunities.

For arguments sake 100k at 2.5 interest is 2.5 per year. Do you know how much that bank makes with your 100k. Try at least 50% per month from that 100k that you have given them. They make 50% at least from your 100k and give you back 2.5%. Sounds fair

Well if nothing else that's my cue to have a drink too.

xlnc99

i think we all need a drink

masonic

xlnc99 said:

For arguments sake 100k at 2.5 interest is 2.5 per year. Do you know how much that bank makes with your 100k. Try at least 50% per month from that 100k that you have given them. They make 50% at least from your 100k and give you back 2.5%. Sounds fair

That is probably the most ridiculous statement I've ever read on these forums.

eskbanker

masonic said:

xlnc99 said:

For arguments sake 100k at 2.5 interest is 2.5 per year. Do you know how much that bank makes with your 100k. Try at least 50% per month from that 100k that you have given them. They make 50% at least from your 100k and give you back 2.5%. Sounds fair

That is probably the most ridiculous statement I've ever read on these forums.

You haven't seen many of that poster's other threads then?

xlnc99

masonic said:

xlnc99 said:

For arguments sake 100k at 2.5 interest is 2.5 per year. Do you know how much that bank makes with your 100k. Try at least 50% per month from that 100k that you have given them. They make 50% at least from your 100k and give you back 2.5%. Sounds fair

That is probably the most ridiculous statement I've ever read on these forums.

Not your fault, you dont know how banks operate and what they do. I wish i was like you, life was more simple

masonic

eskbanker said:

masonic said:

xlnc99 said:

For arguments sake 100k at 2.5 interest is 2.5 per year. Do you know how much that bank makes with your 100k. Try at least 50% per month from that 100k that you have given them. They make 50% at least from your 100k and give you back 2.5%. Sounds fair

That is probably the most ridiculous statement I've ever read on these forums.

You haven't seen many of that poster's other threads then?

It seems I've been spared that delight until now.