Halifax launches new variable Web Saver Reward

Halifax has announced the launch of a new 2.80% (AER/Gross) variable Web Saver Reward available to both new and existing customers for a limited period.

Customers who also hold their main bank account with Halifax will also receive an additional 0.20% in interest taking the rate to 3.00% (AER/Gross).

Flavia Palacios, head of Halifax savings products, said 'With base rate at a historic low, the variable Web Saver Reward offers customers a great rate with the potential to benefit from an increased return should the Bank of England Base Rate rise. The account also offers instant access 24/7 online so customers can manage their money at any time to suit their individual needs.'

Key features:

A variable rate of 2.80% AER/gross p.a. for 12 months

Customers who hold their main bank account with Halifax will also receive an additional 0.20% in interest taking the rate to 3.00% AER/gross p.a

Minimum balance £1

Unlimited number of deposits and withdrawals

Open and manage online

One account per customer

Available to both new and existing customers

After 12 months, Halifax will notify customers that their rate has come to an end and they will be invited to review their savings arrangements to make sure they have the best savings deal available