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Halifax to relaunch regular saver @10%+
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This states that standing orders are not allowed from other Halifax savings accounts. Is this true?You've never seen me, but I've been here all along - watching and learning...:cool:0
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LongTermLurker wrote: »It says so, so I guess so - note the word savings - you can set up a SO from a Hx current account but not, for example, a Web Saver (the web saver doesn't have a standing order facility)
Many of the regular savers on here have been successfully recycling £3K from WebSaver=>Regular Saver=>WebSaver and back again for years! (at least until the rate on the WebSaver became/becomes totally uncompetitive)
The Reg Saver T&C's say you can't but you can.0 -
I managed to open one up online - went into a branch on Friday to make an initial payment and was told by cashier that whatever the initial deposit was would have to be the same amount as the standing order every month. I told him that it looked like you could vary the amount each month (within the £500 limit) but he was adamant......anyway I just opened it with £25!Mortgage when started October 2011 : £94,134
Total mortgage balance Mar 2016 [STRIKE]£78,417[/STRIKE] [STRIKE]£77,523[/STRIKE] [STRIKE]£76,181[/STRIKE] £72,001
Offset Saver account Mar 2016 [STRIKE]£45,238[/STRIKE] [STRIKE]£45,666[/STRIKE] [STRIKE]£47,593[/STRIKE] £52,093
Mortgage paying interest on Mar 2016 [STRIKE]£33,179[/STRIKE] [STRIKE]£31,859[/STRIKE] [STRIKE]£28,588[/STRIKE] £19,9070 -
freddykrueger wrote: »I managed to open one up online - went into a branch on Friday to make an initial payment and was told by cashier that whatever the initial deposit was would have to be the same amount as the standing order every month. I told him that it looked like you could vary the amount each month (within the £500 limit) but he was adamant......anyway I just opened it with £25!
The cashier was wrong.Are Halifax the worst bank ever? :mad:
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freddykrueger wrote: »I managed to open one up online - went into a branch on Friday to make an initial payment and was told by cashier that whatever the initial deposit was would have to be the same amount as the standing order every month. I told him that it looked like you could vary the amount each month (within the £500 limit) but he was adamant......anyway I just opened it with £25!
I was told the same, so I was a bit annoyed as I had £100 in cash to open the account with, but wanted to pay in the full £500. So I called Halifax when I got home and they said it's not true. The next day, I paid in £100 cash and transferred £400 by BACS from my A&L current.0 -
MiserlyMartin wrote: »To Sloughflint: It seems such a grey area after reading all that I'll save the hassle and stay as I am. +0.25% after tax on £5000 isn't a lot anyway.
It's just a shame that Halifax coudn't explain the situation simply. Thanks to this thread, we know that the GS and GSR are the same account but it's not obvious from the website.
LTB are offering a 2% bonus for a year on their current accounts ( subject to funding conditions). Now that's easy to understand.
If Halifax had written 1.25% bonus/reward for a year on the GS or 1.5% on theBOS IASA ( subject to certain conditions beig met), we'd all know where we stood.0 -
Hmmmmm... this isn't looking good for me.
I went into local branch of Halifax on Thursday, to open the 10% account. Was told by cashier that no advisor was available and it would be quicker by phone as offer closed on 20th. So I used the phone in the branch, the sales type phone and started to open the account. I had to go to the counter half way through to change my address as they had another listed.
Anyway... opened the account via telephone and was advised to go and set up a standing order with my bank and make the initial transfer, so I did, £500 initial with £350 standing order from August. Got paperwork through yesterday saying I have to take in ID to a branch and the usual paragraph 'the account will commence from the day we receive the opening credit at the rate of interest applicable on that day'
So I just look at my Lloyds TSB account online and it says credit of £500 to Halifax due on 21st, ie tomorrow. I look at my new Halifax account online (as I also opened the online banking when I opened savings account) and of course the balance is zero.
So.... on the advice of the salesperson on the phone on Wednesday, I've opened the account and transferred £500 which won't arrive until tomorrow and I will now get whatever interest rate they fancy putting on this account tomorrow. Great. If that's the case, how the heck do I get the £500 back, there was no opening of linked bank accounts or anything, like all the other internet savings accounts I have.0 -
I don't mean to sound negative, but the terms are that the money has to be in the account by today. What I did was pay in some cash at the branch to ensure that the account was opened, and transfer the rest by BACS (which I know won't be credited until next week).
Perhaps give them a call tomorrow and explain - they may sympathise and sort it for you, but otherwise, the automatic systems will give you a poor rate I'd imagine.0 -
yeh I should have done that, the cashier at the Halifax though would have nothing to do with it, as there was no adviser to help her out, so as it was all done on the phone, they said to make the payment via my bank.
I'll go in tomorrow and see if I can sort it out.0
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