We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Halifax Regular Saver - rate increase
Comments
-
ForumUser7 said:refluxer said:flaneurs_lobster said:What unnecessary admin? Just ignore it.3
-
VXman said:I'm not sure I can be bothered with these regular savers any more. Even at 5.5% what's the real annual rate taking into account that most of the money will not be there for a year and you are limited in how much you can put in.
I've put most of my savings into Chip instant access at 3.4%
Drip feeding from 3.4% to 5.55% etc still gives you more than keeping everything at 3.4%
The more savings you have, the more it makes sense to drip feed.3 -
ForumUser7 said:refluxer said:flaneurs_lobster said:What unnecessary admin? Just ignore it.3
-
Bridlington1 said:ForumUser7 said:refluxer said:flaneurs_lobster said:What unnecessary admin? Just ignore it.If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.2 -
ForumUser7 said:Bridlington1 said:ForumUser7 said:refluxer said:flaneurs_lobster said:What unnecessary admin? Just ignore it.3
-
Band7 said:ForumUser7 said:refluxer said:flaneurs_lobster said:What unnecessary admin? Just ignore it.If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.1 -
flaneurs_lobster said:VXman said:I'm not sure I can be bothered with these regular savers any more. Even at 5.5% what's the real annual rate taking into account that most of the money will not be there for a year and you are limited in how much you can put in.
I've put most of my savings into Chip instant access at 3.4%
If, as you say, you can't be bothered then the overheads involved with setting up and funding these regular savers probably means they are not for you.
Others clearly differ.
I don't really understand what you mean by 'overheads' . I do have a few of these accounts. 2 with First direct, 4 with Lloyds, 1 with HSBC. I just don't think it's worth the hassle of starting a new Halifax one to gain a proportion of a 1% increase.1 -
VXman said:flaneurs_lobster said:VXman said:I'm not sure I can be bothered with these regular savers any more. Even at 5.5% what's the real annual rate taking into account that most of the money will not be there for a year and you are limited in how much you can put in.
I've put most of my savings into Chip instant access at 3.4%
If, as you say, you can't be bothered then the overheads involved with setting up and funding these regular savers probably means they are not for you.
Others clearly differ.
I don't really understand what you mean by 'overheads' . I do have a few of these accounts. 2 with First direct, 4 with Lloyds, 1 with HSBC. I just don't think it's worth the hassle of starting a new Halifax one to gain a proportion of a 1% increase.
Any money that's deposited for 365 days will get 365 times the daily rate.
Any money that's deposited for just 1 days will get 1 times the daily rate
The same principle obviously also applies to the interest calculation of an instant access account.9 -
It is a restricted time account. E.g Your last payment of £300 will not get 5.5 % APR. It will get 11/12ths of 5.5%% Only month one will get 5.5% for the year.
4 -
Is it £250 per calendar month?
The T&Cs says the money needs to be deposited by the 25th of each month, so does anything deposited after that count towards the next months £250 allowance?
Thank You.0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.6K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.6K Work, Benefits & Business
- 598.3K Mortgages, Homes & Bills
- 176.7K Life & Family
- 256.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards