Halifax launches new regular saver account

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Halifax launches new regular saver account

Halifax will introduce a new ten per cent regular saver account next week for a limited six-week period.

Unlike other accounts, the new product is not linked to a current account and Halifax boasts savers will enjoy a best buy rate.

Maximum monthly deposits have been set at £500, with an additional two per cent interest rate available to customers who deposit a further £5,000 in a nominated Halifax savings account.

Savers who maintain this can reap a total interest rate of 12 per cent AER.

Tony Wilcox, head of savings at Halifax, says: "This is the market leading regular savings account. It is now even more attractive for savers to establish that all important regular savings habit."

High street bank Abbey also recently launched a new savings option. The one-year fixed-rate bond is a 12-month option that offers a 7.01 per cent rate of interest for people putting away between £30,000 and £2 million.
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