Amid a new flurry of rates designed to get savers pumping money back into banks, The Halifax has announced it’s latest savings plan offering up to 12% return on investment during the first year.
The bank is offering a straight 10% to savers who take out it’s new 10% Regular Saver plan available from yesterday.
The plan is aimed at regular savers only, those who can save a minimum of £25 to maximum £500 per month, further restrictions include only one adult per Regular Saver plan and payments must be made by standing order only.
Penalties for early withdrawal or closure of account will result in the banks standard rate of interest applying.
Rates up to 12%, means that at the end of the 12 month period the money can earn an extra 2% interest for customers with an existing Halifax account, if that account meets the bank criteria and has had a minimum of £5,000 for the duration of the Regular Saver Account.
0 comments so far
There are no comments for this post yet. Why not be the first by filling out the form below.