Halifax RS: opening on-line when have existing RS?

EalingSaver

Apologies for separate thread on Hfx RS, but couldn't easily find answer in previous thread.

I have existing 7% RS, opened for 4 months. Know that you can only have 1 RS with them. Anyone in this position successfully opened the new one on-line? If so, what is the 'safe' procedure? Can you close your current one online and then open the new one? Having tried to just open the new one, it tells me I already have an RS and blocks process - doesn't ask whether I want to close that one first.

I don't want to risk closing the old one if I can't then open new one.

Special_Saver2

The safest way is to telephone them (or get them to phone you for free - see here). I did this and got my old regular savings account closed and a new 10% one opened in the space of a few minutes.

shazkhan111

if you close the old regular savings, what rate of interest do you get for the time it has been open??

My 7% regular saver rolls over every year, will the same happen to the 10%/12% RS??

Mikeyorks

shazkhan111 wrote: »

1). if you close the old regular savings, what rate of interest do you get for the time it has been open??

2). My 7% regular saver rolls over every year, will the same happen to the 10%/12% RS??

1) the Websaver (without card) rate ..... 4.36%, for the max £3k in the RS.

2) Yes ..... but obviously the rate isn't guaranteed. Particularly as the 7% and 10%/12% are running side by side.

shazkhan111

Mikeyorks wrote: »

Particularly as the 7% and 10%/12% are running side by side.

What do u mean by this?

Mikeyorks

That the 10% RS is only a limited offer (at the moment) to 20 July. But they're still running the 7% RS for existing customers. So, it's a bit unclear what will happen after 20 July.
Can't really see them running both in perpetuity - so I assume they will be evaluating just how much money (from outside Halifax) the new one has brought in .... before making a decision which way they jump.

shazkhan111

guessing there is no way of having both RSs?