Halifax to relaunch regular saver @10%+

Mikeyorks

Paul_Herring wrote: »

Hush - don't draw attention to the fact their share price has dropped below the price of the rights issue shares :rotfl:

Over 45p above it an hour ago ..... and up 13% on the day! But now suffering a bit of vertigo ..... and dropping back a bit:p

sham63

Quick question - Is there a specific account called 'Halifax Guaranteed Saver Reward' or is it just 'Halifax Guaranteed Saver' ?

rfeenie

sham63 wrote: »

Quick question - Is there a specific account called 'Halifax Guaranteed Saver Reward' or is it just 'Halifax Guaranteed Saver' ?

No, its all under 'Halifax Guaranteed Saver', after 12 months on the 6.25% rate it will switch to a standard 'Halifax Guaranteed Saver'.


http://www.bankofscotlandhalifax.co.uk/savings/guaranteedsaver.asp

patrickbateman

Hi all.

I opened my account on line last week and received info through post. However my welcome letter says I can only deposit between 25 - 250 per month. My account is called a halifax regular saver. Have they opened the correct account???

Thanks

pfpf

did you not get an A5 sized additional leaflet aswell as the letter?

my letter said £250 max but the leaflet said £500. the £250 is still refering to the old 7% deal.

patrickbateman

Ah yes so I did, I assume tis all good thanks. Thanks for the reassurance:T

Rtype

The terms say "When the year’s up, your savings and interest are transferred into a nominated savings account which you'll be asked to open when you open you Halifax Regular Saver. Your Regular Saver account remains open, the interest rate applicable at the time is fixed for another year and you simply continue to save."

Does this then mean that you have to keep the your money in the nominated account for a further 12 months? Is this the catch?

Mikeyorks

Rtype wrote: »

The terms say "When the year’s up, your savings and interest are transferred into a nominated savings account which you'll be asked to open when you open you Halifax Regular Saver. Your Regular Saver account remains open, the interest rate applicable at the time is fixed for another year and you simply continue to save."

Does this then mean that you have to keep the your money in the nominated account for a further 12 months?

No. You can move it to wherever you like as soon as it hits the nominated account. Or use it to re-feed the Reg saver for the following year - if the rate remains competitive.

mary

Be_Happy wrote: »

Turned out since I had opened account by phone I had not actually signed the terms and conditions acceptance. I could either wait for the written information which should be on its way by post to me and sign this, or complete a new application form at the branch. Chose to wait for post to arrive (didn't want the added confusion of 2 applications), but was assured that I didn't have to post back the signed form but could hand it in to branch.

Same happened to me, but instead I decided to sign an application form in branch. My account was blocked to the girl as well, she thought as I thought that all I needed to do was to bring in ID. No they already had that in their system for other accounts. What was required was the signature. Having done that, 2 days later, I get posted another application form to sign again (presumably the head office hasn't yet heard that I've signed one in the branch. In the meantime, the account is up and running online anyway.

pinknellie

Re: Halifax

I'm not sure if anyone has mentioned it yet, but annoyingly if you already have a previous regular saver account, ie: the 7% one, then you cannot get the 10% one.

I am rather angry about it tbh as I am 4 months into my 7% account and now this 10% deal comes out! How was I supposed to know that this big 10% deal would come out? Also, its 10% gross and as such that is 8% net.

I do not think there are any no-strings attached 8% ISAs on the market (ie: I do NOT want to buy any additional life insurance, etc services nor get a current account also with the ISA providor).

Does no one think this is slightly out of order? I just want to give my money to a bank that will me a decent rate of interest. Really the bank has rejected my money