Decent (hidden) fixed rate savers from the Halifax app - early closure permitted (with penalty) 21 January at 4:44PM edited 21 January at 5:12PM in Savings & investments 8 replies 617 views

Frequentlyhere

Has anyone else noticed that if you check savings accounts via the Halifax app, there are some 'preferential' bonus rates available that aren't visible on the website?

4.2% for a 1 year fix
4.3% for a 2 year fix

This is providing you've had a halifax current account for at least 40 days.

Not quite market leading, but close.  As an added bonus you can also close the 1 year account early with a 90d interest penalty and the 2 year early with a 180d penalty. Not plan A for anybody probably but not an option often given for leading rates.

p00hsticks

Frequentlyhere said:

Has anyone else noticed that if you check savings accounts via the Halifax app, there are some 'preferential' bonus rates available that aren't visible on the website?

They are also mentioned on the website under the 'fixed Saver' heading , but you need to click on the link to download the PDF to dertemine the rates  

https://www.halifax.co.uk/savings/accounts.html

'Do you already have a Halifax Personal Current Account which has been open for at least 40 days? You can get an exclusive rate (PDF 61KB).'

refluxer

That's odd - I've had Halifax accounts for years but the only fixed rate accounts advailable to me via the app are 2.8% for 1 year and 3.1% for 2 years.

Edit - looks like you need a Halifax current account, judging by the post above.

Frequentlyhere

refluxer said:

That's odd - I've had Halifax accounts for years but the only fixed rate accounts advailable to me via the app are 2.8% for 1 year and 3.1% for 2 years.

Edit - looks like you need a Halifax current account, judging by the post above.

Yes that's right - have amended my post to clarify.

kaMelo

Duh, edited because I can't read properly. They're not bad actually, especially the fact you can close the account if it becomes so uncompetitive.

Band7

Thanks for the heads up @Frequentlyhere. 

If you are eligible, have £5k spare (or less if you are already saving with Halifax/BoS, e.g. in Regular Savers) and fancy a flutter in the monthly Halifax Saver Prize Draw, one or both of these accounts could come in useful. 

flaneurs_lobster

Band7 said:

Thanks for the heads up @Frequentlyhere. 

If you are eligible, have £5k spare (or less if you are already saving with Halifax/BoS, e.g. in Regular Savers) and fancy a flutter in the monthly Halifax Saver Prize Draw, one or both of these accounts could come in useful. 

Probably not the primary reason for holding a Halifax saver but even so it would be good if they could provide some idea of the odds of winning a prize. 

Band7

flaneurs_lobster said:

Band7 said:

Thanks for the heads up @Frequentlyhere. 

If you are eligible, have £5k spare (or less if you are already saving with Halifax/BoS, e.g. in Regular Savers) and fancy a flutter in the monthly Halifax Saver Prize Draw, one or both of these accounts could come in useful. 

Probably not the primary reason for holding a Halifax saver but even so it would be good if they could provide some idea of the odds of winning a prize. 

As they don't pay the current top rate, I can't see any other reason why I would hold either of these two fixed rate accounts. YMMV

StaceyQ

Band7 said:

flaneurs_lobster said:

Band7 said:

Thanks for the heads up @Frequentlyhere. 

If you are eligible, have £5k spare (or less if you are already saving with Halifax/BoS, e.g. in Regular Savers) and fancy a flutter in the monthly Halifax Saver Prize Draw, one or both of these accounts could come in useful. 

Probably not the primary reason for holding a Halifax saver but even so it would be good if they could provide some idea of the odds of winning a prize. 

As they don't pay the current top rate, I can't see any other reason why I would hold either of these two fixed rate accounts. YMMV

Very much so. 

Some people would prefer Halifax (either as an institution or their current account provider) 

For example - I've got a small reserve in an HSBC Online Bonus Saver for those very reasons.