Halifax has launched the Web Saver Reward; a no notice operated account, paying a guaranteed 2.50% on a minimum investment of just £1 for 12 months.
Thereafter, the account reverts to the web saver without card rate (currently paying up to 0.20%).
Four withdrawals are permitted during the reward period. If that limit is breached the account reverts to the web saver without card rate. Unlimited additions are permitted to this product which can be opened by telephone or in branch.
Paying just 0.26% below the market leading no notice accounts, the Web Saver Reward enters the top ten in its field. Investors must be aware of the drop in the rate but those happy to move their money around regularly will still see the appeal.
The ability to make unlimited additions is a welcome one and will encourage investors to save to their maximum potential.
The account has been awarded four out of five Moneyfacts stars.
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.