Moneyfacts: New Halifax High Interest Current Account set to cause a stir

www.moneynews.co.uk > Banking > Moneyfacts: New Halifax High Interest Current Account set to cause a stir

Moneyfacts: New Halifax High Interest Current Account set to cause a stir

Thu 29th Jun 2006

The new Halifax High Interest Current Account will "certainly cause a stir" in the current account market, that is the verdict a financial analyst for Moneyfacts, the personal finance information website.

Paying out five per cent gross on account balances over £2,500 the new Halifax High Interest Current Account has gone straight to the top of Moneyfacts' best-buy charts.

Halifax's latest current account product was said to have the edge over rival accounts because unlike others the high interest rate is a permanent feature.

Andy Britchford, financial analyst at Moneyfacts, commented: "When choosing the most suitable account, it is worth checking out the full account features and terms, especially if you are someone who may wish to make use of an overdraft facility."

The Halifax High Interest Current Account was launched this week and was accompanied by an advertising campaign featuring the song "nu-flow" a hit for Big Bruvas in 2002.

Related News : Banking
	Young people 'should be taught to save'
	Families 'should plan for their children's future
	Switching bank accounts 'not as easy as banks portray'
	Brits facing finance difficulties 'should talk to their bank'
	Brits 'should utilise Isa allowances'
	Brits advised on investment options
	Children 'should be given bank accounts at 16'
	Falling inflation 'could help Brits save'
	Money worries 'are mounting for many'
	Contactless payment 'is secure and convenient'

Related News : Halifax
	Halifax reveals affordability boost for first-time buyers
	UK house prices fall in August, says Halifax
	People pay out 7m per year due to 'cowboy' traders, claims Sainbury's
	Tighter times mean British households go bargain hunting, claim Halifax
	Halifax announces longest ever balance transfer credit card deal
	Lenders see ten-month high in first-time buyer mortgages
	First Direct launches new fixed-cap tracker mortgage
	Housing affordability for first-timers at 8 year high, claims Halifax
	NLA survey reveals landlords jittery over possible rate increases
	Halifax: Not enough people are saving for home deposits