Halifax Reg Saver 8% - no idea where to open one !

QS888 · 14 July at 3:03PM

Thanks everyone - glad its not just me. I've also been on the Lloyds site - and for their Regular Saver you must be a current account holder. I will try again later tonight / tomorrow to see if they fix the glitch.

JGB1955 · 14 July at 3:08PM

I have a Halifax Credit Card and have just been able to open the RS via the app.

kaMelo · 14 July at 3:11PM

https://forums.moneysavingexpert.com/discussion/comment/82069138#Comment_82069138

Yes, unlike the Bank of Scotland and Lloyds, you can open the Halifax regular saver as a standalone account.

Middle_of_the_Road · 14 July at 3:11PM

https://forums.moneysavingexpert.com/discussion/comment/82069124#Comment_82069124

The interest won’t "get below the interest rate I'm getting elsewhere"

You'll benefit from fully funding the regular saver, as you will be getting 8% and not whatever lower interest rate that money might be making "elsewhere"

Just because the money is in for a shorter period, does not mean you earn a lower rate of interest, as overall, you will get 8% on money moved to the regular saver, plus the interest on money remaining in the feeder account.

kaMelo · 14 July at 3:14PM

https://forums.moneysavingexpert.com/discussion/comment/82069124#Comment_82069124

Yes you can but your methodology of working out the interest rate on the Halifax is flawed. The interest rate on the Halifax regular saver is fixed at 8% AER, unless you're getting more than 8% AER on your other account the Halifax will always give a better return.