Halifax increases savings rate
Published On 31 January 2007
Halifax is increasing the rate of credit interest on its High Interest Current Account to six per cent, in a bid win more customers.The bank is also offering £100 to any new customer who switches their account to Halifax.
Halifax says that this presents two compelling reasons to make the switch from competitor accounts, such as Lloyds TSB's Classic Plus or NatWest's Current Plus – which offer rates of 3.93 and 0.10 per cent respectively.
Paul Marriot-Clarke, head of banking, said: "There is no reason to accept a poor rate from your bank if you could be earning 60 times more interest with Halifax. Switching banks has never been easier or more profitable."
"Customers have a great reason to switch to Halifax with the new six per cent rate on the High Interest Current Account. And with the £100 bonus, they now have a second fantastic reason."
Halifax, which used to be a building society, remains the UKs number one mortgage lender.
