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is the halifax 12% account worth it?
mrbrown
Posts: 101 Forumite
hi all,
Ive just created an account with halifax for their regular savings account (which pays 10%). They say that if I move £5k into the nominated account (which is currently halifax web saver which is paying 4.3%), then they would bump this up to 12%. My £5k is currently in my hsbc esavings account (i cant seem to find the interest this is earning at the moment. i think its around 5%) My question is: is it worth moving the £5k from my hsbc account to my halifax account? I think a nominated account can only be with halifax. Maybe I can find a halifax savings account that offers a better interest rate for my nominated account.
Does this make sense?
thanks
Ive just created an account with halifax for their regular savings account (which pays 10%). They say that if I move £5k into the nominated account (which is currently halifax web saver which is paying 4.3%), then they would bump this up to 12%. My £5k is currently in my hsbc esavings account (i cant seem to find the interest this is earning at the moment. i think its around 5%) My question is: is it worth moving the £5k from my hsbc account to my halifax account? I think a nominated account can only be with halifax. Maybe I can find a halifax savings account that offers a better interest rate for my nominated account.
Does this make sense?
thanks
0
Comments
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Halifax Guaranteed Saver Reward is currently paying 6.25% if you don't make any withdrawals in a year. It is one of the nominated accounts you can have your £5K in.
Even without the extra RS 2%, it would be worth moving your funds from HSBC.0 -
One of several references as to "is it worth it?" on the 10% thread...
http://forums.moneysavingexpert.com/showpost.html?p=11856559&postcount=5870
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