Halifax current account 'rewards' launched  Go compare with our comparison table

Halifax current account 'rewards' launched

04 January 2010 / by Andy Davies

Halifax current account holders are being given 'rewards' from today, which could net them a saving of more than £350.  

The 'rewards', which are available to any Halifax current account holder who funds their current account with £1,000 or more each month, gives customers access to a number of exclusive product deals.

Presently, customers of Halifax's Rewards Current Account receive 12 monthly reward payments of £5 for funding their account with £1,000 or more each month, which equates to a £60 saving per year.

Following the launch of Halifax's new 'reward's' range, current account holders can benefit from an additional 0.2 per cent interest on a wide range of variable rate savings products for one year.

In addition, existing customers who take up a mortgage with Halifax can enjoy at least a 0.2 per cent reduction on the interest rate, which based on the average mortgage of £115,700, could mean a saving of more than £230 in the first year.

Meanwhile, Halifax's All in One credit card is offering an extra three months at 0 per cent on purchases to current account holders, which could deliver a saving of nearly £50, based on the average monthly spend of £210.

Commenting, Mike Regnier, personal current account director at Halifax, said: "Our current account range already offers customers great value. With 'Rewards' we're showing that we truly value customers who hold their main banking relationship with us by offering them even better deals. This range of products will benefit savers and spenders alike."

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 AccountInterest (AER)Overdraft RateFunding Required*Fee pmFeaturesApply
5.00%**0.0%£0.00NilUp to £300 Cashback when you switch your current accountMore Info >
0.00%Daily fees on agreed overdrafts£0.00Nil£5 cashback every month you deposit £1,000. More Info >
Up to 3%19.30%£0.00NilEasy switching process. Earn up to 3% AER on balances of £3,000-£5,000 with Vantage. £10 overdrafts buffer and grace period.More Info >
0.0%19.30%£0.00 NilTelephone and Online Banking - Simply, free and easy to useMore Info >
0.0%18.30%£300.00£5pmBenefits include mobile phone insurance, cardholder protection and much more for £6.50 per month.More Info >
0.0%18.30%£300.00£15Benefits include Travel Insurance, mobile phone insurance, breakdown cover and much more for £15 per month.More Info >
0.0%17.90 %£500.00£12.95Could provide you with up to £500 of benefits & services a year. £6pm for first 3 months. ID theft and personal safety assistance. Text Banking. HSBC Advance Specialist 24/7 on hand.More Info >
0.0%19.90 %£500NilOverdraft, award-winning online banking, access to 4% savings accountMore Info >
0%19.89%£0.00NilA flexible current account for day-to-day banking. Overdraft (subject to eligibility) - extra breathing space for your finances. Over 18s only. More Info >
0.0%19.49%£100.00 £12.95For the third year running, the independent financial research company Defaqto gave Advantage Gold their 5 Star rating for product features, benefits and charges (February 2011).More Info >
£0.0019.24%£100.00£12.95Mobile phone insurance - includes iPhones; Green Flag car breakdown cover - even on your driveway; Annual world wide travel insurance - includes winter sports.More Info >
0%19.89%£0.00NilA flexible current account for day-to-day banking. Overdraft (subject to eligibility) - extra breathing space for your finances. Over 18s only. More Info >
0%18.9%£700 per monthNilPreferential rates on savings and loans. Free European travel insurance, discounts on home insurance. No monthly fee. (Pay in a minimum of £750 per month to get the benefits.)More Info >

*Some current accounts require customers to pay in a minimum amount each month.

**See Terms and Conditions