Halifax to relaunch regular saver @10%+

rb10

ray123 wrote: »

http://www.hsbc.co.uk/1/2/personal/savings/regular-saver;jsessionid=00008ejH8DqVPzYQruSi58srhes:12c58n73a

HSBC are offering 8-10%, but max payment per month is £250.

And you must have a current account with them.

CJ

Hi thanks for all that
It was June not May and I do get the 10% they called today but there really is nothing on the certificate at all about rates.
I am told I should prob have been given a choice of designated account but I applied for it online and you just had to take what was on offer
Glad to know I couldn't have done better though!

JYK

Bah ! This thread caught me out. I was jubilant , until I noticed the date this thread was started.

mr_fishbulb

My last regular payment went into the account last month. Due to mature on 10th this month.

I've cancelled the standing order. What happens to the regular saver after it matures and the money gets dumped into the web saver account? Will it get closed automatically or will I need to close it myself?

RayWolfe

If you don't fund it, it will close.

Special_Saver2

In my previous experience, the account will remain open even if you do not fund it.

SS2

RayWolfe

That's interesting. Do you know if, as it remains open, you could start again after a few months gap should the rates improve again. That could save a bit of hassle.

rb10

RayWolfe wrote: »

That's interesting. Do you know if, as it remains open, you could start again after a few months gap should the rates improve again. That could save a bit of hassle.

I wouldn't have thought so, as the T&Cs say that the rate is fixed for subsequent years on the anniversary of initially funding the account when it was first opened.

RayWolfe

Boo!
That's what I would have expected though.

gelato_cat

Mine, like many others', is about to mature.

I'm assuming that if I carry on with the deposits, the rate is going to be 4% for the next 12 months as opposed to 10%?

Never been in the position where I had to think about this before as it was always 7%!

Suze