You should hear from us within 90 days. Millions of savers are being advised to move their money after a survey found some 'liquid gold' and 'premier' accounts pay near-zero rates of interest. For more definitions, view our savings glossary. Once we’ve traced your accounts we’ll write to you about the next steps to reunite you with your money. Accounts such as Halifax's Liquid Gold and Saver Reward, Nationwide's CashBuilder and HSBC's Premier Savings, pay only 0.1% on deposits below £10,000. Want easy access to your savings and still earn interest?
You need to open the account in sole name but you can make it joint once it's open.
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It shows what the interest rate would be if your interest was paid and compounded once each year. In … Accurate up-to-date details on our best interest rates for our cash ISAs and our range of savings accounts. There doesn't seem to be any reward for loyalty in this market. For example, if you deposit £1000.00 when you open the account, the balance after 12 months will be £1000.10. Accounts such as Halifax's Liquid Gold and Saver Reward, Nationwide's CashBuilder and HSBC's Premier Savings, pay only 0.1% on deposits below £10,000. or debate this issue live on our message boards. Lean, green and clean: Now could be the time to boost the eco-credentials - and value - of your home: Here's how... Take a look at the new Gordon Murray Automotive T.50 supercar, Bentley revamps Bentayga with new exterior & interior styling, Morrisons CEO reveals opportunities given to those out of work, Maserati's back! The transfer by us to RFL of your balance will not adversely affect any entitlement you have to compensation from the FSCS. Your interest is paid 12 months after you open the account. If you are coming to the end of your mortgage, credit card or loan payment holiday, we will contact you before it ends, there is no need to call us. Renaming your accounts is a great way to separate your savings and get organised.
Our account conditions (PDF) explain when and how we do this. Opens in a new browser tab. If you are coming to the end of your mortgage, credit card or loan payment holiday, we will contact you before it ends, there is no need to call us. You can make as many withdrawals as you like from this account and there are no charges for doing so. You make the deposit on the day you open the account. Halifax product terms & conditions If you are coming to the end of your mortgage, credit card or loan payment holiday, we will contact you before it ends, there is no need to call us. This includes current and savings accounts, and also the Halifax cash ISA. You can name each one to help you save for different things. No comments have so far been submitted. Opens in a new browser tab. Please read the summary box below and the account conditions (PDF) before you start. More misery for savers: Marcus Bank slashes its easy-access account rate to 0.7% - blaming 'market conditions', Will the Winter Economy Plan save jobs and how does it work? eStatements are available two days after the last day of the month and can be viewed in Internet Banking, Suncorp Bank App or the Suncorp App. Ideal for savers who want easy access to their money. The Financial Services Compensation Scheme (FSCS) protects your money. Other Reclaiming: Mortgage Fees, Council Tax etc, Pensions, Annuities & Retirement Planning, Report Holiday Deals, Bargains & Special Offers, Martin's Blogs & Appearances & MoneySavingExpert in the News, CHANCELLOR UNVEILS NEW JOB SUPPORT SCHEME AND EXTENDS SELF-EMPLOYED GRANT, TSB CLASSIC PLUS INTEREST RATE TO FALL TO 0%, http://www.mylostaccount.org.uk/aboutus.htm, http://www.halifax.co.uk/accessibility/signvideo/.
Visit the Halifax Twitter page. More than one in four instant access accounts return 0.1% or less on balances of up to £10,000.
After 12 months the account will change to an. This has led to a chasm between the rates paid to new and existing customers. You don’t pay more money into the account. You will need to pay any tax you may owe to HM Revenue & Customs (HMRC). However, without going into all of my details, it transpired that the statement this LST appeared on related to a savings account. Newcastle Building Society said most people with money in its Nova Plus account had less than £100 and used it to hold funds briefly. Visit the Halifax Facebook page. Visit the Halifax Twitter page. We are no longer accepting comments on this article.
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If you've held a Halifax account in the past and think you may still have accounts with us, we can do our best to find and reactivate these for you. 3.5K likes. By Tom Kelly for the Daily Mail Updated: 05:34 EDT, 18 May 2009. Almost all Halifax accounts can be used online.