Halifax Rewards to be scrapped

Money, investing, mutuals etc
Luke_PieStalker
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Re: Halifax Rewards to be scrapped

Post by Luke_PieStalker » Tue Sep 01, 2020 12:47 pm

So what savings accounts are people using to fund the £500?

Asking as my usual has "suspended debit card funding" but can still do a BACS transfer which as we know is no good for the Halifax reward.

regulator
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Re: Halifax Rewards to be scrapped

Post by regulator » Tue Sep 01, 2020 2:09 pm

Has anyone successfully done 2 x £100 for the switching offer? I got my £100 last week, and after logging in to my Halifax account the other day, I was bombarded with banner ads telling me I can get £100 for switching.

jaytee
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Re: Halifax Rewards to be scrapped

Post by jaytee » Tue Sep 01, 2020 5:05 pm

Virgin Money have a current account paying 2.02% on 1st £1,000 and access to a Savings account paying 0.50%. No minimum monthly credit to current account, or direct debits required. Just pay in £1,000 in and leave it there. Interest paid monthly on current account, so log on and transfer interest to linked savings each month, where interest paid quarterly, so some other account paying more than 0.5%.

Additionally, if you use you Virgin Money debit card abroad, there are zero transaction fees.

https://uk.virginmoney.com/current-accounts

Sarah
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Re: Halifax Rewards to be scrapped

Post by Sarah » Tue Sep 01, 2020 7:46 pm

regulator wrote:
Tue Sep 01, 2020 2:09 pm
Has anyone successfully done 2 x £100 for the switching offer? I got my £100 last week, and after logging in to my Halifax account the other day, I was bombarded with banner ads telling me I can get £100 for switching.
Not me, I didn't get £100 for my second switch. The T&Cs would appear to preclude it; although it seemed worth a try anyway!

Sarah
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Re: Halifax Rewards to be scrapped

Post by Sarah » Mon Oct 26, 2020 3:09 pm

This change takes effect tomorrow; although I doubt they'll be collecting anything more from 123 Lite customers until their next monthly fee is due. I closed (switched) my 123 Lite account already and opened their free current account instead...
Sarah wrote:
Wed Jul 22, 2020 9:34 pm
Santander seem unable to leave their 123 customers in peace for long... they've now announced changes to 123 Lite accounts that apply from 27 October 2020. The fee will be increasing from £1 to £2 per month and they're swapping most of the 1% and 3% cashback categories, so that mobile and home phone bills, broadband and paid-for TV packages cashback drops from 3% to 1%, whilst cashback on water bills increases from 1% to become the only 3% item!
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