Halifax International offers hope to savers - Savings - News | moneyfacts.co.uk


Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Halifax International offers hope to savers

Halifax International offers hope to savers

Category: Savings

Updated: 14/05/2009
First Published: 14/05/2009

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 It is now over 6 months old so the content may be out of date.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 International has launched the second issue of its Portfolio Plus account, offering savers the chance of an attractive return on their hard earned cash.

A minimum investment of £5K is required for a minimum term of five years, during which time there is the potential for a return of 8% p.a. depending on the performance of the FTSE 100 index.

Despite having exposure to the stock market, your whole initial deposit is guaranteed to be returned at the end of the term, though it is worth considering that inflation may make it worth less in real terms five years into the future.

Also worth bearing in mind is that additional deposits, part withdrawals or early closure are not allowed after midday 25 June, so if you're likely to need access to your money during the five year term, this account won't be for you.

The closing date for applications is 23 June, with an early deposit bonus of 3% AER/gross p.a. payable on money received until that date.

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 Any products featured may be withdrawn by their provider or changed at any time.