Halifax International Regular Saver Account - Frequently Asked Questions

How long does it take to open an account?
 
We do our best to keep this process as speedy and straightforward as we can. By supplying us with everything we need at the same time as you make your application, you will be helping us to keep the process to a minimum. The What you'll need to send us document gives you a step-by-step outline of the information we need and the format in which it has to be supplied.

How much can I deposit in a Regular Saver Account?
 
You can save between £100 and £2,000 per month by standing order for one year.

 

When is my interest paid?

Your rate is fixed for one year from the date we receive your first standing order. You receive your interest once the year is up.

 

What happens once the year is up?

Your savings and interest are transferred into the Sterling Variable Rate Web Saver account which must be opened at the same time as your Regular Saver account.

 

What date must I pay my standing order?

Your standing order must be between 1st-28th of every month.

 

Can I make additional deposits?

You can have more than one standing order every month to fund your account as long as the total per month doesn't exceed £2,000.

 

Can I deposit cheques and transfer money into my account?

No deposits must be by standing order only.

 

What if I miss a standing order?

You have from your standing order date to the next standing order date to make a payment so we give you a month to make your payment. After this date if a payment is not received the account automatically closes and we pay interest up to the date of closure at the current rate for the Sterling Variable Rate Web Saver account (lower tier) and transfer the account balance to your Sterling Variable Rate Web Saver.

 

What if I pay pay less than £100 or more than £2,000 in one month into my account?

Your account will automatically close and we pay interest up to the date of closure at the current rate for the Sterling Variable Rate Web Saver account (lower tier) and transfer the account balance to your Sterling Variable Rate Web Saver Account.

 

Can I change the amount of my standing order?

Yes you can but you must continue to pay at least £100 but no more than £2,000 into the account by standing order each month.

 

How much access do I have to my money?

No withdrawals are allowed. However if you do need emergency access to your money you can close your account early. You will receive interest up to the date of closure at the rate for the Variable Rate Halifax International Web Saver (lower tier) account.
 

How many Regular Saver Accounts can I open?

You can open one Regular Saver account.

 

Can I have more that one Regular Saver Account if I have one in my own name and in joint names?

No you can have one Regular Saver in your own name or in joint names, but not both.

 

I need to know my account balance. What can I do?
 
With our online banking  you can view your savings account at any time of the day.
 
 
Who can I speak to if I need extra information?
 
If you have any more questions or need help with your account you can call us on +44 (0) 1534 846 501 or request a callback.