Halifax Stepped Income Reserve Year 5
Compare the Halifax Stepped Income Reserve Year 5 with the UK's best savings, including savings details, application criteria, introductory rates, rates, managing account and fees & charges.
 | You can compare the Halifax Stepped Income Reserve Year 5 against other Halifax Savings. | ||
| Company: | Halifax www.halifax.co.uk | ||
| Product: | Stepped Income Reserve Year 5 | ||
| Apply via this site: | Not available | ||
| Savings Details | |||
 Account Type: | Term | ||
| Rate Type: | The type of interest rate is fixed. | ||
| Headline Interest Rate: | The headline interest rate is 5.00% AER. | ||
| Application Criteria | |||
| Existing Customer Only: | No | ||
| Minimum Age: | There is no minimum age. | ||
| Area Restrictions: | There are no area restrictions. | ||
| Minimum Investment: | The minimum investment required to open this account is £2000. | ||
| Maximum Investment: | The maximum investment is £9000000. | ||
| Minimum Balance: | The minimum balance allowed is £2000. | ||
| 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: | No open-ended bonus payable. | ||
| Rate Tiers: | Gross Rate Gross Rate AER Excluding Bonus Including Bonus £2,000 5.50% 5.50% 5.00% | ||
| Fixed Term: | This account has a fixed term of 5 years. | ||
| Fixed Term in Months: | The fixed term of this account is 60 months. | ||
| Fixed Interest Rate: | The interest rate is fixed. | ||
| Fixed Rate Period: | The interest rate is fixed for 1 year. | ||
| Term Period: | The account term is 60 months. | ||
| Interest Payment Freq: | Interest is paid monthly. | ||
| Managing Account | |||
| Passbook: | A passbook is not provided. | ||
| Transactions at Branch: | Not applicable - No transactions before maturity. | ||
| Statement Frequency: | Statements are issued annually. | ||
| Transactions by Phone: | Not applicable - No transactions before maturity. | ||
| Transactions by Internet: | Not applicable - No transactions before maturity. | ||
| Transactions by Post: | Not applicable - No transactions before maturity. | ||
| Special Access: | No withdrawals permitted. Early closure incurs charge for each remaining month or part-month of term (minimum 30 days). Closure aft 1st year only. | ||
| Withdrawal Conditions: | Withdrawal Conditions - No withdrawals permitted during term of account. The account can be closed early if it has been open for a year. The investor will lose an amount equal to six days' interest for each remaining month or part-month of the five year term (minimum 30 days). | ||
| Closure Before Maturity: | The account can be closed early if it has been open for a year. The investor will lose an amount equal to six days' interest for each remaining month or part-month of the five year term (minimum 30 days). | ||
| Transferred on Maturity: | If no instructions are received from the customer the balance will be transferred to a matured funds account on maturity. | ||
| Compare | |||
| Products: | www.halifax.co.uk Savings | ||
