Halifax Guaranteed Saver Account launched

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Halifax Guaranteed Saver Account launched

A new savings account which will pay up to 4.5 per cent gross on balances has been launched by Halifax.

The Halifax Guaranteed Saver Account will track the Bank of England base rate and customers can control their savings via the internet or by using the telephone.

Existing current account customers of either Halifax or the Bank of Scotland can take advantage of the 4.5 per cent rate.

However, those switching their account to Halifax will be offered a rate one per cent lower at 3.5 per cent.

Peter Jackson, managing director banking and savings at Halifax, said: "On its own this product is very competitive, combined with one of our current accounts it's a fantastic deal that can make customers hundreds of pounds better off every year."

A merger in 2001 meant Halifax and the Bank of Scotland became HBOS.

The company now has over £540 million worth of assets and 22 million customers.

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