Halifax Savings
 | Did you know Halifax also provide credit cards, pet insurance and travel insurance? | ||
| Company: | Halifax | Halifax www.halifax.co.uk | Halifax www.halifax.co.uk |
| Product: | ISA Investor | Web Saver - 2 Year Term Maturity | Liquid Gold |
| details | details | details | |
| Apply via this site: | Not available | Not available | Not available |
| Savings Details | |||
 Account Type: | Investment ISA | Term | Instant Access |
| Rate Type: | n/a | fixed | variable |
| Headline Interest Rate: | n/a | 6% | 0.5% |
| Application Criteria | |||
| Existing Customer Only: | n/a | no | no |
| Minimum Age: | n/a | 11 | 11 |
| Restricted Availability: | n/a | no | no |
| Area Restrictions: | n/a | none | none |
| Minimum Investment: | n/a | £500.00 | £50.00 |
| Maximum Investment: | n/a | Unlimited | Unlimited |
| Min Monthly Premium £: | £20.00 | n/a | n/a |
| Min Single Premium £: | £20.00 | n/a | n/a |
| Minimum Balance: | n/a | £500.00 | £50.00 |
| Introductory Rates | |||
| Introductory Bonus: | n/a | 0% | 0% |
| Incentives Offered: | n/a | no | no |
| Rates | |||
| Tax Free: | n/a | no | no |
| Open-ended Bonus: | n/a | 0% | 0% |
| Rate Tiers: | n/a | no | no |
| Fixed Term: | n/a | 2 years | n/a |
| Fixed Term in Months: | n/a | 24 | n/a |
| Fixed Interest Rate: | n/a | yes | n/a |
| Fixed Rate Period: | n/a | 2 years | n/a |
| Term Period: | n/a | 24 | n/a |
| Interest Payment Freq: | n/a | maturity | annually |
| Managing Account | |||
| Instant: | n/a | n/a | yes |
| Passbook: | n/a | no | yes |
| Transactions at Branch: | n/a | n/a | no |
| Statement Frequency: | on-line | yes | annually |
| Transactions by Phone: | n/a | no | no |
| Transactions by Internet: | n/a | no | no |
| Transactions by Post: | n/a | no | no |
| Special Access: | n/a | yes | no |
| Withdrawal Conditions: | n/a | yes | no |
| Number of Funds: | 15 | n/a | n/a |
| Shares: | no | n/a | n/a |
| Investment Trusts: | no | n/a | n/a |
| Unit Trusts/OEICS: | yes | n/a | n/a |
| Offshore Funds: | no | n/a | n/a |
| Closure Before Maturity: | n/a | yes | n/a |
| Transferred on Maturity: | n/a | instant access | n/a |
| Fees & Charges | |||
| Penalty on all Wdls: | n/a | n/a | no |
| Exit Charge: | no | n/a | n/a |
| ISA Annual Fee %: | 0% | n/a | n/a |
| ISA Initial Charge %: | 0% | n/a | n/a |
| Transaction Charge %: | no | n/a | n/a |
| Transfer In Fee £: | no | n/a | n/a |
| Transfer Out Fee £: | no | n/a | n/a |
| Withdrawal Notice: | n/a | term | n/a |
Compare Halifax Savings
Halifax Points to Home Improvement Boom
Many Britons are using their savings to fund home improvements, new research from Halifax shows.
According to the new poll, 80 percent of people who have upgraded their home in some way over the past 12 months have either partially or fully funded it through savings. By contrast, just ten percent used their credit card - while just five percent used a personal loan.
Unsurprisingly, younger people (18 to 34-year-olds) were revealed to be the most likely group to use personal loans - with 12 percent taking out this form of credit. Correspondingly, 88 percent the over-65s used savings for the improvements, the highest single total across all age groups.
When asked why they wanted to upgrade their property, the largest single group (28 percent) said that it was to add value to their property. In a time of falling house prices - with value lost running at over ten percent over the past year, according to lender Nationwide - this trend seems set to strengthen as 2008 progresses.
Tony Wilcox, head of savings at Halifax, added: "This research contradicts the buy now pay later culture which is so often thought to be prevalent in the UK. The fact that the vast majority of people have saved in advance of spending is extremely encouraging. Using savings for such improvements means savers are really seeing the benefits of putting money aside."
Halifax has been conducting annual research into Britons' home improvement preferences since 1991.
Read More About Savings...
Latest Savings News
Many savers are not going to have enough money to live on when they retire, Hargreaves Lansdown has said.
5 Sep 08
The automatic-enrolment system, to be introduced in 2012, might result in the closure of many workplace pensions schemes.
5 Sep 08
The sell-off of a workplace scheme comes in order to cover the communications firm against future pension payments.
4 Sep 08
Women seem especially vulnerable to the fears, which centre around a perceived lack of savings to fund a comfortable retirement.
3 Sep 08
The PPF was very active last month, stepping in to rescue an unusually high number of insolvent retirement savings schemes.
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