Halifax’s fixed rate savings shine - Savings - News - Moneyfacts

News

Halifax’s fixed rate savings shine

Halifax’s fixed rate savings shine

Category: Savings

Updated: 16/03/2009
First Published: 16/03/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Halifax has provided a ray of sunshine to savers by increasing the majority of rates on its fixed rate savings accounts.

Making temperatures rise the most are the new rates on its longer term Web Saver products.

For a minimum investment of £500, a return of 3.80% is available over three years, 4.00% is offered over four years, and 4.10% is payable over five years, making them all market leaders in their respective fields.

Although early access is not allowed, there is the option to close the account after six months, albeit with a penalty on the guaranteed reserve.

To be able to take advantage of the rates, investors must have or open a Halifax Variable Rate Web Saver account so that funds can be transferred into it at the end of the term.

The new range earns 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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.

Start saving for Christmas… 2017!

Christmas is just around the corner and our annual festive splurging is starting to step up, but are you prepared? It may be too late to start saving for this year’s festive spend, but it’s never too early to start for next year’s!
 
Close