Halifax decides to do the opposite....
Posted: September 3rd, 2021, 4:24 pm
Just when some savings rates were going up, I received a nice email from my ex-building society, Halifax, now part of Lloyds:
What we've sent to your Halifax Online Banking inbox:
Subject Date
The interest rate on your savings account is going down soon 03 Sep 2021
I haven't logged on for yonks but the rate was pretty close to zero. I wonder what it is now.
A few years ago I transferred most of it to another account to be used for my AJBell ISA.
I was made to jump through a few hoops, and the guy couldn't understand why I preferred to get a minimum of 5% apr, rather than -3% (RPI was 3%).
How on earth do these banks survive???
Steve
What we've sent to your Halifax Online Banking inbox:
Subject Date
The interest rate on your savings account is going down soon 03 Sep 2021
I haven't logged on for yonks but the rate was pretty close to zero. I wonder what it is now.
A few years ago I transferred most of it to another account to be used for my AJBell ISA.
I was made to jump through a few hoops, and the guy couldn't understand why I preferred to get a minimum of 5% apr, rather than -3% (RPI was 3%).
How on earth do these banks survive???
Steve