Halifax to relaunch regular saver @10%+

Mikeyorks

BallandChain wrote: »

Also my a/c is online based hence not sure how to withdraw the money once it gets transferred to the websaver a/c.

You can SO it out ... the Websaver is one of the few savings accounts that supports genuine SOs outwards. Or you can SO it to the Reg Saver account (or .. have always been able to despite words in the T&Cs to the contrary) .. whichever best suits.

Mikeyorks

BallandChain wrote: »

When I view online there is no facility to close the a/c (regular saver) or transfer money.

You can do both from online. Left hand bar gives you the option (under 'tax info and closure') of closing the account. The Transfers / Direct Debits etc bit ... allows you to set up either internal or external SOs!

BallandChain

I just had a look and there is no tax section Mike.I can delete an account (i.e. won't be able to view it) but no option anywhere to close it.

Edit to say: Found the tax section still no option to close. lol, I think I've covered every link in my account. (Preferences, statement, etc.)

gzed

I will go and open one today at teh branch.

Just a quick question: The nominated account I'm going to open is the "variable rate halifax web saver" as this is the one with the minimum deposit needed.

Can I just ask what type of nominated account have you guys opened?

cheers

debbie42

BallandChain wrote: »

I just had a look and there is no tax section Mike.I can delete an account (i.e. won't be able to view it) but no option anywhere to close it.

Edit to say: Found the tax section still no option to close. lol, I think I've covered every link in my account. (Preferences, statement, etc.)

I couldn't find it either. I wanted to close down an old websaver I opened a while back, but couldn't. It still has £1 in and it's annoying me!

sya220

I opened my regular saver account online and the Web Saver as nominated account automatically came with it. I can't recall I was given any option to choose what account to be as my nominated one.
Anyway when I noticed that the interest rate for the Web Saver account is only 4+%, I wanted to open a Guarentee Reward account which pay over 6% and changed it to be my nominated account. I was told I am not allowed to do so.
Is that fair?
Any comment is appreciated.

thumshie

debbie42 wrote: »

I couldn't find it either. I wanted to close down an old websaver I opened a while back, but couldn't. It still has £1 in and it's annoying me!

To close a web saver (normal account at any rate, don't know about fixed rate ones), click into the account - where it shows recent transactions- and to the left should be a button marked 'Tax info,changes interest and closure'. At the very bottom of that page is a 'To close your option, please press the button below :'

debbie42

sya220 wrote: »

I opened my regular saver account online and the Web Saver as nominated account automatically came with it. I can't recall I was given any option to choose what account to be as my nominated one.
Anyway when I noticed that the interest rate for the Web Saver account is only 4+%, I wanted to open a Guarentee Reward account which pay over 6% and changed it to be my nominated account. I was told I am not allowed to do so.
Is that fair?

Is this for the old 7% RS, or the new 10% one?
If it's the 7% then the nominated account is just a holding account and there's no benefit to keeping funds there. You can open a guaranteed saver anyway.

If you want to change it to get the 2% bonus then it's more of an issue. With current rates there is no benefit to putting the 5K in the web saver to get the 2% bonus as your money could be earning more elsewhere.

If it's in the t&c that you can't change the nominated account then "fairness" doesn't come into it, I'm afraid.

Calchas

My understanding, sya220, is that the nominated account is purely where the total amount will go to in a years time: when it arrives, move it pronto.

If you were looking at getting 12% from the regular saver then that is a different story, but it has nothing to do with your nominated account. You could then open up another account with 5k (within a fortnight of opening the regular saver), keep a minimum of 5k for the period that the regular saver account is open and the regular saver then pays 12% rather than 10%.

pfpf

just to update a previous post of mine.

the anniversary date of this account has now changed from the date it was opened to the date they received the 1st payment.

:T