Halifax Monthly Saver
Compare the Halifax Monthly Saver with the UK's best savings, including savings details, application criteria, introductory rates, rates, managing account and fees & charges.
 | You can compare the Halifax Monthly Saver against other Halifax Savings. | ||
| Company: | Halifax www.halifax.co.uk | ||
| Product: | Monthly Saver | ||
| Apply via this site: | Not available | ||
| Savings Details | |||
 Account Type: | Regular Saver | ||
| Rate Type: | The type of interest rate is variable. | ||
| Headline Interest Rate: | The headline interest rate is 2.85% AER. | ||
| Application Criteria | |||
| Existing Customer Only: | no | ||
| Minimum Age: | Minimum age is 16 years. | ||
| Restricted Availability: | Regular monthly payments must be made into this account. The monthly minimum payment is £5. The monthly maximum payment is £500. | ||
| Area Restrictions: | There are no area restrictions | ||
| Minimum Investment: | Minimum investment of £5. | ||
| Maximum Investment: | The maximum investment is £30000 Once a balance of £30000 has been reached on the account only interest and bonuses can be added. | ||
| Minimum Balance: | The minimum balance is £5. | ||
| Monthly Minimum: | The minimum monthly credit is £5. | ||
| Open to UK Residents: | This product is available to UK residents. | ||
| Introductory Rates | |||
| Introductory Bonus: | No introductory bonus payable. | ||
| Incentives Offered: | There are no free gifts or incentives offered with this account. | ||
| Rates | |||
| Tax Free: | This product is not tax free. | ||
| Open-ended Bonus: | A bonus of 2.75% is payable. | ||
| Bonus Payment Conditions: | Bonus Conditions - The rate includes a bonus of 2.75% providing 11 credits have been made into the account and no more than two withdrawals a year are made. | ||
| Rate Tiers: | Gross Rate Gross Rate AER Excluding Bonus Including Bonus £5 2.85% 2.85% 2.85% | ||
| Interest Payment Freq: | Interest is paid annually. | ||
| Managing Account | |||
| Passbook: | A passbook is provided. | ||
| Transactions at Branch: | Transactions cannot be made at a branch. | ||
| Statement Frequency: | Statements are issued annually. | ||
| Transactions by Phone: | Transactions cannot be made by phone. | ||
| Transactions by Internet: | Transactions cannot be made via the internet. | ||
| Transactions by Post: | Transactions cannot be made by post. | ||
| Special Access: | Bonus forfeit and a/c transferred to Liquid Gold a/c if more than 2 withdrawals a year. Loss of bonus also applies to closure. | ||
| Withdrawal Conditions: | Withdrawal Conditions - Although the investor does not have to give notice to make a withdrawal, they will lose their bonus if they make more than two withdrawals a year. If they make three or more withdrawals a year, their account will be changed to a Liquid Gold account. Closing the account is classed as a withdrawal. | ||
| Fees & Charges | |||
| Withdrawal Notice: | No notice, penalty or charge applied on withdrawals. | ||
| Withdrawal Penalty: | No notice, penalty or charge applied on withdrawals. | ||
| Withdrawal Charge: | No notice, penalty or charge applied on withdrawals. | ||
| W/d Notice/Penalty/Charge: | No notice, penalty or charge applied on withdrawals. | ||
| Compare | |||
| Products: | www.halifax.co.uk Savings | ||
