Halifax to relaunch regular saver @10%+

LongTermLurker

Tiffin wrote: »

( as well as the hour long wait in queue on premium phone lines while we are passed from administrators to administrator).

Isn't it an 0845 number? That's local rate, not premium rate.

LittleVoice

Tiffin: When I opened my first Halifax regular saver I had to open a websaver. The websaver just sat there with a zero balance until the anniversary, so I don't have experience of Halifax closing accounts which have had no activity.

If the money from the saver accounts is for the children, what is wrong with the cheques being payable to the children?

YorkshireBoy

LongTermLurker wrote: »

Isn't it an 0845 number? That's local rate, not premium rate.

The best 'number' is the "call me back" option on their website.

LongTermLurker

YorkshireBoy wrote: »

The best 'number' is the "call me back" option on their website.

Do they? I always avoid call-back options because I'm always sceptical as to when they'll call me, and then I expect the "random person" who calls me will ask for personal details which I won't want to give them :rolleyes:

YorkshireBoy

LongTermLurker wrote: »

Do they? I always avoid call-back options because I'm always sceptical as to when they'll call me, and then I expect the "random person" who calls me will ask for personal details which I won't want to give them :rolleyes:

The CSA doesn't know they've called you. In my experience, the call is answered as though you called them.

LongTermLurker

YorkshireBoy wrote: »

The CSA doesn't know they've called you. In my experience, the call is answered as though you called them.

Ah right - that makes sense.

Quick reply - well done

sscott5581

I have a regular saver with the Halifax and the linked account is a websaver.

It does state in the letter received regarding the websaver that £1 (no card) and £10 (card) is required to activate account.

I suppose if the account is not actiavted it would be closed come time, as what happened to Tiffin.

LongTermLurker

sscott5581 wrote: »

I suppose if the account is not actiavted it would be closed come time, as what happened to Tiffin.

Seems strange - and dubious - that they could force an account on you that you don't really want (after all, they COULD transfer the money out to any old account...) and then make you fund it immediately - why don't they just open it at the end when the Regular Saver a/c matures?

LittleVoice

LongTermLurker wrote: »

Seems strange - and dubious - that they could force an account on you that you don't really want (after all, they COULD transfer the money out to any old account...) and then make you fund it immediately - why don't they just open it at the end when the Regular Saver a/c matures?

They want to be able to transfer the matured funds into an account with them. With the regular saver you need to have another account into which they pay the capital and interest at the end of the year, because the regular saver can continue for another year (and with Halifax it is still a reasonable rate, unlike Abbey!)

By having the account (for receipt of matured funds) open at the start of the term, they probably hope you will make use of it in the meantime. (And Halifax do limit the number of websaver accounts you can have open. So you could otherwise reach the end of the regular saver term but not be in a position to have a websaver opened if you were already at the limit. (Hope that makes some sense!)

Tiffin_2

Hi

They made the cheques payable to my 4 and 6 year olds. Most bank account require funds to be managed by an adult when the children are so young and the childrens trust fund accounts require payments to be in the adult name.

I agree with the earlier post - Halifax say it is policy to close the account if there is no activity for 6 months and yet they know I have opened a regular saver for 12. They should open the account at the end of the 12 months.